Petroleum Planning & Economist Consultant

My Client is an international Service Company who are based in Kuwait. Due to expansion, my client is searching a Petroleum Planning and Economics Consultant for a 3-4 month Contract.

The Consultant will be based in Kuwait working in the KOC offices.

The Petroleum Planning & Economics Consultant will be required to have experience in:

• Upstream asset lifecycle evaluation, portfolio strategy and capital efficiency optimisation.
• Reserve economics, including PRMS reserves classification integrating into economic models and value optimisation of contingent resources through investment decisions
• Building advanced economic models from exploration to abandonment using methods like Monte Carlo simulation
• Calculations of critical risk-adjusted metrics including eNPV, EMV, risked asset value

Development Planning

• Economic screening of development concepts
• Well count optimization
• Facility options analysis
• Development phasing strategies
• Techno-economic analysis of EOR/IOR projects

Prospect Economics

• Prospect risking (chance of success)
• Volumetric uncertainty modelling
• Portfolio optimization

Essential Skills:

Reservoir to Economics

• Translating reservoir simulations and decline curves into economic forecasts

Performance Analysis

• Developing capital efficiency and post-audit project reviews

Cost Integration

• Incorporating drilling/completion cost trends, LOE forecasts, and tariffs

Portfolio Strategy

• Strategic portfolio balancing between exploration and development opportunities, and between short-cycle and long-term investments
• Optimizing capital allocation under various constraints including rig availability, capital limitations

Consultants with experience in the following software's would be preferred:

Economics Platforms - ARIES, Quorum, PHDWin

Portfolio Optimization - Spotfire, Power BI, Palantir Foundry

Risk Analysis - @RISK, Crystal Ball, DecisionTools Suite

Data & Analytics - Advanced Excel/VBA, Python (Pandas/NumPy), SQL

If you feel you have the right experience, please feel free to apply