Hobark International Limited (HIL) is the parent company of the Hobark group operating in the oil and gas industry. The company was incorporated in 1998, starting as a staffing agency based in Port Harcourt. Currently we have offices in 4 countries with our head office in Lagos.
We are recruiting to fill the position below:
Job Title: Planning and Economics Engineer
Location: Port Harcourt, Rivers
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).
Application Closing Date
Not Specified.
How to Apply
Interested and qualified candidates should:
Click here to apply online