Planning and Economics Engineer at Hobark International Limited (HIL)

Job Description

• Conduct detailed economic analyses and financial modeling for oilfield projects, including cost estimation, cash flow analysis, and net present value (NPV) calculations, to support investment decisions.
• Assist in the development and evaluation of field development plans (FDPs), providing economic inputs and recommendations to optimize resource recovery and project profitability.
• Perform scenario planning and sensitivity analysis to evaluate the impact of different variables (e.g., oil prices, production rates, costs) on project economics and asset performance.
• Participate in the preparation of annual budgets and long-term forecasts for production, capital expenditures, and operating costs, ensuring alignment with corporate goals.

Requirements

• Bachelor’s Degree in Petroleum Engineering, Economics, Finance or a related field.
• Master’s Degree or professional certification e.g., SPE, CFA, etc. is an advantage
• Minimum of 5 (five) years quality experience in planning, economic analysis, or performance evaluation within an upstream oil and gas company.
• Strong proficiency in economic modeling and financial analysis, including experience with tools and software used for economic evaluation in the oil & gas sector.
• Solid understanding of reservoir engineering, production operations, and oil & Gas project economics, including knowledge of reserves reporting standards.
• Experience with industry-specific software (e.g., Petroleum Economics, Reservoir Simulation).