Company: Sofomation
Skills: Petroleum Engineering, Geoscientist
Experience: 12 + Years
Education: Bachelors/3-5 yr Degree
Employment Type: Full Time Salaried Employee
Location: Oman
No location/work authorization restrictions found.


JOB DESCRIPTION:-

  • Lead, structure and implement company's corporate reserves and resources system, defining and implementing the guidelines and controls to ensure consistency in the interpretation and application of current regulations for the estimation of reserves and resources.
  • Direct the administration and update of the official database of reserves and resources of co., as well as ensuring that the data residing in the database is reliable and properly preserved.
  • Ensure that the financial groups and financial auditors use information consistent with the reserves data including providing input into the impairment test, as well as review and decide on the internal reports with the results obtained in the official balances of the company that allow monitoring the status of reserves with respect to goals of co.
  • Establish the time-table of due dates for deliverables and timing of Reserve Manager reviews.
  • Advance Reserve Revisions and internal audits issuing recommendations.
  • Contract, coordinate, direct and ensure external audits of reserves and resources where appropriate. Define the fields to be audited and reviewed.
  • Ensure the supporting information used to generate the reserves and resources are preserved and meet minimum standards.
  • Establish the training plan in reserves and resources for the reserve estimators and other relevant personnel involved in the process.
  • Lead and prepare training topics on issues of reserves and resources within the organization.
  • Provide technical assistance and advice to co. and its dependencies in matters of estimation, classification and reporting of reserves and resources.
  • Present the balance of reserves and resources to the Finance Director, Reserve Committee, Managing Director, Audit Committee.
  • Generate the reports and explanations associated with the company's reserves report, responding appropriately and in a timely manner to the requirements regarding reserves and resources from outside entities including governmental.
  • Document the recommendations of the reviews and audits to report their follow-up and thus obtain a continuous improvement of the process.
  • Lead the updating of the regulations for the estimation, classification and reporting of reserves and contingent resources, approving the related internal documents and ensuring their compliance.
  • Review the data, interpretations and assumptions used in the evaluation of reserves and resources (technical estimation methodology, categorization, production, prices, OPEX, CAPEX and economic evaluations carried out), establishing that they are coherent and aligned with the existing regulations as well as make comprehensive recommendations.

 

QUALIFICATIONS, EXPERIENCE & SKILLS REQUIRED

  • Minimum Bachelor's in Engineering or Geo-science
  • Minimum 12 years of E&P experience in subsurface
  • A Minimum of 3 years' experience related to reserves estimation and reporting.
  • Proven technical and economics understanding of the reserves estimation process and guidelines
  • Previous experience as a practising reserves evaluator
  • Excellent interpersonal and communication skills

Sofomation is an international recruitment agency with profound specialization in Oil & Gas, EPC, IT, Rail, Logistics, Healthcare and Energy Sectors. We have an international dominance and cater to the various Fortune 500 companies across locations in APAC/MENA and UK/US since 1999, having our Global Reach by being strategically located in United States, Dubai, Abu Dhabi, Malaysia, Singapore & India.

 

We are able to assist organizations in gaining a competitive edge by delivering highly skilled resources through a global search effort across diverse nationalities, which aims at bringing the best talent, in the market place.

 

Our expert team takes the time to understand candidate’s careers to date and future aspirations. This allows us to offer expert advice and help take their career to the next level.

 

Our Team replicates subject market experts and headhunters having in-depth knowledge which helps us to excel not just in recruitments but also enables us to understand and translate your business needs into key deliverable responses. Our focus is always on innovative and value-added recruitment solutions to maximize client returns through our unique state-of-the-art recruitment model.

 

We have hosted recruitment drives globally that speak of our success and light the doorways of abounding number of satisfied employers and employees.