Marathon Oil Corporation (NYSE: MRO) is an independent international energy company engaged in exploration and production, oil sands mining and integrated gas. Based in Houston, Texas, the Company has a strong portfolio of assets delivering defined growth leveraged to crude oil production with exploration upside. At the end of 2011, Marathon Oil had net proved reserves of more than 1.8 billion barrels. The Company’s operations are located in North America, Europe and Africa.
This position will be work with the International New Ventures team as well as the East Africa and West Africa asset teams. You will provide engineering, economic and financial input leading to the identification and evaluation of Impact Exploration opportunities, as well as assisting in evaluation of the exploration potential of Business Development projects. You will also support exploration activity in Marathon’s held assets in Kenya, Ethiopia and Gabon, as well as future acquisitions in these areas. You will be exposed to a wide range of countries, basins and plays.
You will provide engineering input into new acquisition opportunities, including reservoir performance, well performance, enhanced recovery, volumetric analysis and infrastructure requirements. You will utilize in-house and public data bases to develop type curves from analogues. These results will be incorporated into economic models for financial investment decisions. In addition you will be intimately involved in evaluating the results of new drill exploration wells. This will include pressure analysis, PVT studies, core acquisition and analysis, well test design and analysis, and completion recommendations. You will also contribute to the construction of first-pass reservoir models on new field discoveries and the development of Earth Models incorporating all subsurface information. You will collaborate routinely with Drilling, Upstream Development and International Production as well as Upstream Technology for data integration, input to financial decisions and for hand off of appraised discoveries.
You must be a team player with good interpersonal, collaboration and communication/ influencing skills. An ability to communicate technical project results clearly and concisely is required. You will have direct external interaction with a number of parties, ranging from National Oil Companies to third party vendors. The job requires periodic international travel. You must be pro-active and self-directed, with an emphasis on meeting deadlines.
Provide engineering support for the evaluation of exploration opportunities ranging from Country to Basins, play to prospect level.
Construction of economic models for financial investment decisions in new opportunities.
Liaise with Upstream Development, Worldwide Drilling, International Production, Upstream Technology and others to assist in preparing drilling and development scenarios for potential farm-ins and other acreage acquisitions.
Assist in the evaluation of new field wildcat discoveries, including volumetric analysis, well test evaluation and completion decisions.
Oversight and construction of initial reservoir models on exploration discoveries.
Data mining for construction of type curves used in assessment of farm-in and other acquisition opportunities.
Participate in on-site technical evaluations in US and foreign locations.
Work with other team members and multi-discipline groups to ensure that knowledge is shared and all elements of the petroleum system are appropriately considered and evaluated.
Assist team in preparing and making presentations to management, partners and government representatives.
10. Stay abreast of new technology and apply it appropriately in meeting the group's objectives.
Major Discipline Required:
Engineering, Petroleum engineering preferred
Years Experience Required:
10 years minimum
Reservoir modeling, economic modeling Exploration evaluation
Reservoir simulation, Risk Analysis, Financial analysis
Travel Required (%):
Computer Proficiencies: Microsoft desktop suite, risk analysis tools and techniques (Crystal Ball and Monte Carlo methods) and economic analysis tools (Aries or equivalent). Knowledge of Eclipse, Petrel and Sapphire preferred. Familiarity with IHS, DI International and Wood Mackenzie data acquisition tools and databases a plus.
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Marathon Oil - 17 months ago
Based in Houston, Texas, Marathon Oil is an independent exploration and production (E&P) with activity in North America, Europe and...