Oil and Gas Reserves Engineer, Director
Oil and Gas Reserves Engineer, Director
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Job Description
Line of Service
AssuranceIndustry/Sector
EnergySpecialism
AssuranceManagement Level
DirectorJob Description & Summary
A career within External Audit services will provide you with the opportunity to provide a range of Assurance services and business advice to a variety of clients from small fast growing clients to large entities. Our clients are often well-known brands and many have broad international reach. We focus on using the latest technology to reduce the level of manual testing ensuring youll focus on the most valuable areas of client service and on enhancing corporate governance and the reliability of our clients information.Meaningful work youll be a part of
As a Qualified Reserve Engineer youll work as part of a team of problem solvers helping to solve business issues deliver high quality client service and operational efficiency. In this important new role you will serve as a subject matter expert providing technical insight and performing certain audit procedures to help engagement teams assess the reasonableness of oil and gas reserves and resources estimates prepared by company-employed/engaged qualified reserve engineers (QREs) that impact financial reporting leveraging your own QP-level expertise. The successful candidate will play a critical role in assisting our audit teams in understanding obtaining and evaluating audit evidence related to the determination of oil and gas reserves and resources ensuring compliance with applicable auditing standards over testing estimates and reliance on information prepared by a management specialist or expert. The role requires a deep understanding of reservoir engineering including experience with conventional offshore and/or oil sands operations (both in situ and mining).
The primary objective in this role will be to assist audit engagement teams in assessing the reasonableness of reserve and resource estimates prepared by company-employed and/or externally engaged QREs. Key responsibilities in achieving this objective may include but are not limited to:
Support audit teams in completing risk assessment and scoping procedures to properly scope the audit approach related to reserve estimates;
Liaise directly with audit clients and their engaged QREs to understand the clients process for preparing reserve estimates including the methodology and models used;
Interface with external regulators to articulate and support the audit approach to reserves.Assist engagement teams in assessing the design and operating effectiveness of controls related to reserve and resource estimates.
Assist engagement teams in determining whether the methodology models used in the reserve and resource evaluations are appropriate and consistent with industry standards including NI 51-101 COGEH and SEC Rules.
Assist engagement teams in reviewing financial and non-financial data as well as key non-financial assumptions relevant to the determination of reserve volumes and cash flows and assessing whether the data and assumptions have been appropriately incorporated into the reserve and resource estimates. This may involve analyzing geological and reservoir data - such as seismic well logs core reports and geophysical data - conveyed by the client to the QRE.
Prepare appropriate documentation outlining procedures performed and conclusions reached for inclusion in the audit engagement teams documentation related to reserve and resource estimates.
Work closely with the firms audit methodology team to build out an effective auditors expert function for reserves and resources including:
Determining the nature timing and extent of procedures to be performed by the auditor experts and identifying the appropriate size and composition of the auditor expert function based on this scoping;
Provide training and guidance to audit teams on evaluating methods and assumptions used by specialists.
Develop guidance documents and checklists to assist audit teams in performing audit procedures over oil and gas reserve and resource estimates.
Experiences and skills youll use to solve
Minimum of 10 years of progressive related experience in reserve engineering or related oil and gas field of study with a focus on oil and gas reserves.
Bachelors degree in petroleum engineering chemical engineering or a related field.
Registered as a Professional Engineer () with APEGA.
Strong understanding of NI 51-101 COGEH SEC rules for oil and gas reserves.
Proficiency in geological and reservoir data analysis.
Experience with conventional oil and gas reserves unconventional reservoirs SAGD and oil sands mining.
Strong understanding of recovery factors and production parameters.
Experience with industry-standard software (ValNav Mosaic Eclipse).
Familiarity with AER directives.
Excellent analytical and problem-solving skills with experience using tools such as Power BI Excel Tableau and Python to interpret and visualize complex data.
Strong communication and documentation skills including the ability to explain complex technical concepts to non-technical stakeholders.
Competence in sharing knowledge teaching skills and explaining concepts clearly.
PwC Canada is committed to cultivating an inclusive hybrid work environment. Exact expectations for your team can be discussed with your interviewer.
Why youll love PwC
Were inspiring and empoweringyoull be a part of diverse teams helping public and private clients build trust and deliver sustained outcomes. This meaningful work and our continuous development environment will take your career to the next level. We reward your impact and support your wellbeing through a competitive compensation package inclusive benefits and flexibility programs that will help you thrive in work and life. Learn more about our Application Process and Total Rewards Package at: Canada acknowledges that we work and live across Turtle Island on the land that is now known as Canada which are the lands of the ancestral treaty and unceded territories of the First Nations Mtis and Inuit Peoples. We recognize the systemic racism colonialism and oppression that Indigenous Peoples have experienced and still go through and we commit to allyship and solidarity.
Education (if blank degree and/or field of study not specified)
Degrees/Field of Study required:Degrees/Field of Study preferred:Certifications (if blank certifications not specified)
Required Skills
Optional Skills
Accepting Feedback Accepting Feedback Accounting and Financial Reporting Standards Accounting Policies Active Listening Analytical Thinking Artificial Intelligence (AI) Platform Auditing Auditing Methodologies Client Management Coaching and Feedback Communication Compliance Auditing Complying With Regulations Creativity Data Analysis and Interpretation Data Ingestion Data Modeling Data Quality Data Security Data Transformation Data Visualization Embracing Change Emotional Regulation Empathy 36 moreDesired Languages (If blank desired languages not specified)
Travel Requirements
Not SpecifiedAvailable for Work Visa Sponsorship
NoGovernment Clearance Required
NoJob Posting End Date
At PwC Canada our most valuable asset is our people and we grow stronger as we learn from one another. Were committed to creating an equitable and inclusive community of solvers where everyone feels that they truly belong. We understand that experience comes in many forms and building trust in society and solving important problems is only possible if we reflect the mosaic of the society we live in.Were committed to providing accommodations throughout the application interview and employment process. If you require an accommodation to be at your best please let us know during the application process.To learn more about inclusion and diversity at PwC Canada: Be a part of The New Equation.Chez PwC Canada notre atout le plus prcieux cest notre personnel. Et cest en apprenant les uns des autres que nous devenons plus forts. Nous avons cur de crer une communaut quitable et inclusive de professionnels de la rsolution de problmes dans laquelle chacun se sent vraiment sa place. Nous savons que lexprience peut prendre diverses formes et pour nous donner confiance au public et rsoudre des problmes importants nest possible que si notre milieu de travail reflte la diversit de la socit dans laquelle nous vivons.Nous tenons rpondre vos besoins tout au long du processus de demande demploi dentrevue et dembauche. Si vous avez besoin de mesures dadaptation pour tre parfaitement laise faites-le-nous savoir ltape de la demande demploi.Pour en savoir plus sur linclusion et la diversit chez PwC Canada: Faites partie de La Nouvelle quation.Required Experience:
Director
Employment Type
Full-Time
