Full-Time

GOM Reservoir Engineer

Posted on 3/6/2025

Occidental Petroleum

Occidental Petroleum

10,001+ employees

Sustainable oil and gas production and management

No salary listed

Senior, Expert

The Woodlands, TX, USA

Category
Research & Development
Aerospace Engineering
Required Skills
Financial Modeling
Connection
Connection
Connection
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Requirements
  • Bachelor’s degree in petroleum engineering or similar
  • Minimum 8 years oil & gas industry experience (GOM experience preferred)
  • Maintain a work ethic to establish priorities, organize, and implement own work plan while proactively making themselves available to all asset teams and ability to communicate across disciplines
  • Ability to Lead and Coordinate ad-hoc business needs and perform conventional RE duties, e.g., budget comparisons, RE Economic Analysis, Decision Analysis, evaluation modeling
Responsibilities
  • Perform economics – forecasting, pricing, financial modelling, commercial basics, predict cash flow, portfolio analysis, structure acquisition/divestiture transactions, value producing properties
  • Decision analysis – decision analysis trees/processes, probability and statistical, portfolio management, optimization, evaluation modelling
  • Analyze oil, gas, water fluid properties, drive fluid sampling and laboratory testing of fluids, evaluate fluid components and phase envelopes, perform compositional and other complex fluid type analyses
  • Assess reservoir thickness, porosity, permeability, characterize rock: initial water saturations, wettability, relative permeability and capillary pressures, determine pressure dependent rock properties and mineralogy in some cases
  • Calculate original hydrocarbons in place
  • Analyze homogeneity to heterogeneity of the reservoirs, understand stress profiles and drainage areas
  • Determine original volumes in place and make predictions on reservoir performance, model aquifer and other drive mechanisms, rationalize with mapping and volumetrics
  • Analyze fluid flow in porous formations, pressure transient analysis, rate transient analysis and other advanced decline curve analysis, well productivity index calculation and monitoring, rate and recoverable estimates
  • Apply fluid displacement concepts and techniques along with non-uniform fluid movement
  • Assess reservoir types and drive mechanisms
  • Gas reservoir analysis and performance prediction
  • Black-Oil reservoir analysis and performance prediction
  • Waterflood performance interpretation and prediction
  • All decline curve performance analysis, advanced and traditional
  • Broad understanding of simulation concepts, types, models, data inputs
  • Assess heterogeneities and how to represent in the model
  • Understand and build surface to subsurface networks, nodal analysis
  • Perform compositional modelling where applicable
  • Coordinate / support corporate forecasting and budgeting processes for volumes and capital
  • Determine reserves through probabilistic methods
  • Understand and apply SEC reserve guidelines
  • Determine reserves through deterministic methods
  • Drive multi-discipline integration of the projects
  • Perform reservoir surveillance, studies on analogous wells, reservoirs and other fields, enhanced recovery techniques and screening, intervention planning and management, field development planning, appraisal leadership, rate and recovery estimates pre-development and brownfield

Occidental Petroleum operates in the energy sector, focusing on sustainable and low-cost oil and gas operations. The company has a diverse range of assets across the United States, Middle East, Africa, and Latin America. It utilizes advanced technology to improve operational efficiency and is recognized as a leader in carbon management, aiming to reduce carbon emissions in its industry. Occidental serves various clients, including governments and large corporations, and stands out from competitors by prioritizing sustainability and environmental responsibility. Their goals include achieving net zero emissions in operations by 2040 and from products by 2050. The company also invests in renewable energy, such as solar facilities, to power its operations and lower its carbon footprint. Additionally, Occidental is a pioneer in adopting environmental, social, and governance (ESG) metrics, demonstrating its commitment to sustainable practices.

Company Size

10,001+

Company Stage

IPO

Headquarters

Houston, Texas

Founded

1920

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Simplify's Take

What believers are saying

  • Partnership with TAE Technologies could lead in emissions-free energy solutions.
  • Joint venture with Berkshire Hathaway opens new revenue streams in lithium production.
  • Acquisition of CrownRock assets strengthens position in the $3 trillion CCS market.

What critics are saying

  • Potential repeal of the Inflation Reduction Act threatens DAC project funding.
  • CrownRock asset acquisition may increase debt burden amid oil price volatility.
  • Nuclear fusion partnership with TAE Technologies is speculative and may not succeed.

What makes Occidental Petroleum unique

  • Occidental is a leader in carbon management with ambitious net zero targets by 2050.
  • The company is pioneering in adopting ESG metrics, setting industry standards.
  • Occidental's diverse global asset portfolio enhances its operational resilience.

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Company News

GlobeNewswire
Oct 31st, 2024
IOTA Software Inc. Announces $10.4 Million Series A2 Funding Led by Altira Group

DENVER, Oct. 31, 2024 (GLOBE NEWSWIRE) - IOTA Software Inc., a leading developer of industrial and business data visualization software, announced today that it has secured $10.4 million in Series A2 funding led by the Altira Group with participation from Oxy Technology Ventures and existing investors, including Aramco Ventures and Second Avenue Partners.

Renewable Energy World
Sep 23rd, 2024
Renewables on the rocks: Will the Inflation Reduction Act be repealed?

Occidental Petroleum is relying on IRA funding to develop direct air capture (DAC) technology, which will be needed to capture and sequester the hardest-to-reach GHG emissions from jet travel.

NAI 500
Sep 20th, 2024
Is it Time to Bottom Fish on This Buffett Energy Stock Down by 13%?

Occidental Petroleum recently acquired high-margin assets from CrownRock and aims to lead the carbon capture and storage (CCS) market, a sector potentially worth $3 trillion.

Energy Intelligence
Jun 11th, 2024
Oxy Eyes Nuclear Fusion as Possible DAC Power Source

Occidental Petroleum has signed a memorandum of understanding to work with nuclear fusion player TAE Technologies on potential applications of the emissions-free power source in the oil company's direct air capture (DAC) projects.

Yahoo Finance
Jun 10th, 2024
Warren Buffett's Strategic Acquisition in Occidental Petroleum Corp

On June 7, 2024, Warren Buffett (Trades, Portfolio)'s Berkshire Hathaway made a significant addition to its investment portfolio by acquiring 2,565,477 shares of Occidental Petroleum Corp (NYSE:OXY). This move further solidifies Berkshire Hathaway's position as a major stakeholder in the oil and gas sector.

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