Planning and Economics Engineer at Hobark International Limited (HIL)

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.