chevron in india

Portfolio and NOJV Engineer​

The Chevron Engineering and Innovation Excellence Center (ENGINE) in Bengaluru India brings together the resources and expertise of the Chevron global network with talent in India to enhance agility and technological innovation to optimize solutions for the world’s current and future energy challenges. As one of the leading energy providers worldwide, Chevron is involved in the production of crude oil and natural gas, manufacturing of transportation fuels, lubricants, petrochemicals, and additives, and the development of enabling technologies.

Chevron's vision is to be the global energy company most admired for its people, partnerships, and performance. With a clear purpose to develop affordable, reliable, ever-cleaner energy that enables human progress, we believe human ingenuity has the power to solve any challenge and overcome any obstacle. Meeting the world’s growing energy needs requires the pursuit of innovations and advancements that deliver a better future for all.

About the Position

Chevron ENGINE has an exciting opportunity for a Portfolio and NOJV Engineer to join the Subsurface team and the role will be based in Chevron’s office in Bengaluru.

Chevron ENGINE supports global operations, and work hours are aligned to business needs. Standard working hours are 8:00 AM to 5:00 PM or 1:30 PM to 10:30 PM, Monday to Friday. These may evolve based on operational or business requirements. 

The Portfolio and Non-Operated Joint Venture (NOJV) Engineer will play a critical role in managing and optimizing our portfolio of NOJV assets, ensuring alignment with strategic objectives and maximizing returns. The successful candidate will provide insights and recommendations on optimal development strategy based on type curve, depletion effects, and costs.

Key Responsibilities

Portfolio Management:

• Maintain and update Fair Market Value (FMV) tool with public transaction values.

• Key insights review for 3rd party closed transactions.

• Screen active permitting activity offsetting Chevron positions to highlight deal potential.

• Key competitor acquisition target screening- high level assessment of competitor company value, upside potential, and possible synergies.

• Initial inventory characterization for new discovered resources opportunities.

• Preliminary competitor basis of design (BOD) review for transaction areas, compared to existing knowledge of basin area wells and developments.

Non-Operated Joint Venture (NOJV) Management:

• Upload key partner data received in flat file to aid in technical analysis of Operator or Authorization for Expenditure (AFE) requests. Establish and maintain status tracker of backlog and progress of data uploading.

• Timely evaluation of NOJV AFEs for initial economic screening with clearly documented workflow assumptions for Capital, Net Revenue Interest (NRI), Production forecasting (bench/interval and gunbarrel), Opex, and price deck (Decision Support package expectations to be communicated).

• Maintain status updates on AFE tracker for AFEs under review, include weekly and evergreen key attribute updates. Maintain opportunity catalog schedule based on daily reports received from operators.

• Perform lookback analysis on wells assessed and actual results.

• Perform lookback analysis on wells transacted or non-consented / non-participation and confirm decision quality.

• Leverage lookback analysis in future AFE assessments in terms of forecast reliability (ranges), capital spend (ranges), and schedule adherence.

• Assist with inventory cleanup/strategic plan alignment and whether individual well decisions align with strategic plans. 

• Assist with Operator intelligence/activity changes/earnings call insights on quarterly basis. Compare Operator profiles with Chevron and identify Operators that excel in key benchmarks.

Technical and Economic Analysis:

• Conduct requested technical assessments and economic evaluations of shale and tight assets.

• Utilize reservoir engineering and production data to support decision-making processes.

• Expert in evaluating AFEs for economics performance.

Collaboration and Communication:

• Work closely with cross-functional teams, including geoscience, drilling, and production, to ensure integrated asset management.

• Communicate effectively with internal teams to enable external stakeholders’ engagements, providing updates on portfolio performance and strategic initiatives.

About You

We know our greatest resource is the ingenuity, creativity and innovation of our people. Applications from motivated, talented individuals with a keen interest in the energy industry are encouraged.

To be considered for this role, Applicants should have:

Required Qualifications:

• Education: Bachelor’s degree in petroleum engineering or a related field.

• Experience: 5-10 years of experience in reservoir engineering or asset management, with a focus on shale and tight formations preferred.

Skills:

• Strong technical skills in reservoir engineering and economic analysis.

• Proficiency in AFE evaluations and portfolio management.

• Excellent communication and internal stakeholder engagement.

Preferred Qualifications:

• Familiarity with Tools: Experience with industry-standard software for economic analysis.

Selection Criteria

• Technical and Business acumen: Demonstrated expertise in reservoir engineering and economic evaluation for shale and tight assets.

• Leadership: Ability to lead project initiatives and influence cross-functional teams.

• Align & Inspire: Proven ability to align efforts with strategic objectives and inspire collaboration among partners.

• Build Relationships: Strong interpersonal skills to build and maintain effective relationships with partners and stakeholders.

• Grow Capabilities: Commitment to continuous learning and development, both personally and within the team.

• Deliver Results: Track record of delivering results through effective management and strategic planning.

What We Can Offer You