Entity:
Finance
Job Family Group:
Finance Group
Job Description:
This role provides technical reserves and subsurface expertise to support ST&S credit underwriting and portfolio management of commodity-based financing transactions with oil and gas producers.
The role focuses on validating reserves, production profiles, and operating assumptions underpinning credit decisions, ensuring technical inputs are robust and aligned with financial models. Working closely with the credit team, Front Office, and Legal, the Reservoir Engineer enables informed decision-making across a range of structured transactions.
Primary focus is US onshore unconventional assets, with selective exposure to conventional, Canadian oilsands, and offshore assets.
Key Accountabilities
New Deal Underwriting
Validate reserves assumptions (type curves, production profiles, volumes) in third-party reserve reports
Assess operating assumptions: LOE benchmarking vs. historical performance; fixed vs. variable cost structure; forward-looking reasonableness
Review P&A assumptions (costs, timing, reserve allocation)
Evaluate development program assumptions included in financing cases
Run price sensitivities in internal reserves database to assess value impact
Align technical inputs with corporate financial models
Contribute concise technical inputs to credit underwriting materials
Portfolio Monitoring
Compare updated reserves reports vs. deal inception / prior reviews
Assess key variances in volumes, production, and asset performance
Support validation of updated corporate models with credit team
Run downside/upside price scenarios on reserves valuations
Contribute to portfolio reviews, rating updates, and credit papers
Cross-Team Support: provide reservoir engineering input to broader ST&S credit teams for producer financing structures.
Essential Education & Experience
Desirable Experience
Exposure to conventional, oilsands, or offshore assets
Familiarity with reserves databases and price sensitivity analysis
Basic understanding of corporate financial models
Why join us
At bp, we support our people to learn and grow in a diverse and challenging environment. We believe that our team is strengthened by diversity. We are committed to fostering an inclusive environment in which everyone is respected and treated fairly.
There are many aspects of our employees' lives that are meaningful, so we offer benefits to enable your work to fit with your life. These benefits can include flexible working options, a generous paid parental leave policy, and excellent retirement benefits, among others!
We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.
Travel Requirement
No travel is expected with this role
Relocation Assistance:
This role is not eligible for relocation
Remote Type:
This position is a hybrid of office/remote working
Skills:
Analytical Thinking, Business Acumen, Collaboration, Commodity Risk Management, Creativity and Innovation, Curiosity, Data visualization and interpretation, Decision Making, Exposure Management, Internal control and compliance, Market Knowledge, Market Risk Management, Operational Risk, Portfolio analytics, Problem Solving, Resilience, Sentiment and Trends, Thought Leadership, Trade discipline and compliance, Trade execution and management, Trading and shipping data knowledge, Trading Fundamentals, Trading knowledge, Trading risk controls
Legal Disclaimer:
We are an equal opportunity employer. We do not discriminate on the basis of protected characteristics like race, religion, color, sex, national origin, sexual orientation, veteran status or disability status. Individuals with an accessibility need may request an adjustment/accommodation related to bp's recruiting process (e.g., accessing the job application, completing required assessments, participating in telephone screenings or interviews, etc.). If you would like to request an adjustment/accommodation related to the recruitment process, please contact us.
If you are selected for a position and depending upon your role, your employment may be contingent upon adherence to local policy. This may include pre-placement drug screening, medical review of physical fitness for the role, and background checks.