Principal Risk Engineer (Oil & Gas) at Terra Energy Services Nigeria Limited

Terra Energy Services (TES) is an indigenous Engineering and Oil and Gas Service Company incorporated in Nigeria in 2001 with expertise in providing full-service integrated solutions to clients across the entire oil and gas value chain. We currently operate from our offices in Lagos and Port-Harcourt and aspire to become the leading provider of quality Oil and Gas Engineering Services in West Africa. At Terra Energy Services, we maintain a policy of creating a conducive environment for the attraction of the best qualified and motivated staff for performance enhancement.

We are recruiting to fill the position below:

Job Title: Principal Risk Engineer (Oil & Gas)

Location: Lagos

Job Summary

• We are seeking an experienced Principal Risk Engineer with 5–7 years of experience in the oil and gas industry to lead risk management efforts across project lifecycles. 
• The ideal candidate will be responsible for identifying, analyzing, and mitigating project risks to ensure operational and financial stability.

Job Description

• Develop and implement risk management strategies for oil and gas projects.
• Conduct qualitative and quantitative risk assessments to identify potential project risks.
• Utilize risk analysis tools such as Monte Carlo simulations, HAZOP, FMEA, and Bow-Tie analysis.
• Ensure compliance with industry risk management standards, regulatory guidelines, and NOGICD Act 2010.
• Collaborate with engineering, project management, procurement, and finance teams to mitigate risks.
• Provide risk reporting, dashboards, and decision-support analysis for stakeholders.
• Monitor emerging risks and propose mitigation strategies to prevent project delays or cost overruns.
• Support contract risk evaluation and assess financial and operational implications.
• Implement and maintain a risk register to track and document risk mitigation efforts.
• Provide training and mentorship to junior engineers on risk management best practices.

Principal Accountabilities:

• Develop and maintain risk management frameworks and mitigation strategies.
• Conduct risk assessments and implement control measures.
• Ensure compliance with NCDMB and industry risk standards.
• Provide regular risk reporting and variance analysis.
• Support project teams with risk-based decision-making.

Academic Qualifications

• University degree/Higher National Diploma in a relevant discipline (Engineering, Risk Management, or related field).

Work Experience:

• 5 - 7 years of experience in risk engineering, project risk management, or related roles in the oil and gas industry.

Technical/Leadership Skills:

• Expertise in risk assessment methodologies and tools (HAZOP, HAZID, QRA, FMEA, Bow-Tie Analysis, Monte Carlo simulations, etc.).
• Strong knowledge of project risk management frameworks (ISO 31000, PMI Risk Management, etc.).
• Proficiency in risk analysis software (Primavera Risk, ARM, @RISK, or equivalent tools).
• Understanding of NOGICD Act 2010 and compliance requirements.
• Experience in financial risk analysis and cost risk management.
• Ability to develop and maintain a risk register and risk mitigation plans.
• Strong stakeholder management and communication skills.
• Experience in conducting risk workshops and training sessions.

Key Skills:

• Proficiency in MS Office (Excel, PowerPoint, Word, etc.).
• Strong analytical and problem-solving skills.
• Excellent attention to detail and strategic thinking.
• Ability to manage multiple risk management initiatives simultaneously.
• Strong organizational and documentation skills.

Soft Skills:

• Effective Communication
• Attention to Detail
• Problem-Solving
• Confidentiality
• Collaboration & Teamwork.

Application Closing Date
Not Specified.