Who Are We
Jadestone Energy is an independent oil and gas production company focused on the Asia Pacific region. In 2021, Jadestone acquired SapuraOMV's assets in Peninsular Malaysia. These assets include interests in four licenses, two of which Jadestone has operated since the 2021 acquisition. These include a 70% operated interest in the PM329 PSC, containing the East Piatu field, and a 60% operated interest in the PM323 PSC, which contains the East Belumut, West Belumut and Chermingat fields.
In addition, Jadestone acquired a 50% non-operated working interest in the PM318 and AAKBNLP PSCs, which were operated by PETRONAS Carigali. Jadestone assumed operatorship and full interest of those two PSCs early 2023 and is now engaged with PETRONAS on a path to unlocking additional value through these assets.
Outside of Malaysia, the Company has a 100% operated working interest in the Stag oilfield and in the Montara project, both offshore Australia. Both the Stag and Montara assets include oil producing fields, with further development and exploration potential. The Company also has a 16.67% non-operated interest in the North West Shelf Oil Project offshore Western Australia, comprising four oil fields containing significant upside potential through potential infill drilling and life extension activities.
Further, the Company has a 100% operated working interest in two gas development blocks in Southwest Vietnam, and an operated 100% interest in the Lemang PSC, onshore Sumatra, Indonesia, which includes the Akatara gas field development, where first production is expected in the first half of 2024. Most recently, the Company acquired a non-operated 9.52% interest in the Sinphuhorm producing gas field onshore Thailand.
Led by an experienced management team with a track record of delivery, the Company is pursuing an acquisition strategy focused on growth and creating value through identifying, acquiring, developing and operating assets in the Asia Pacific region. Jadestone Energy plc is listed on the AIM market of the London Stock Exchange (AIM: JSE). The Company is headquartered in Singapore, has its principal technical team in Kuala Lumpur and country operational offices in Perth, Jakarta and Ho Chi Minh City.
Who Are We Looking For
- Individuals who are passionate, enthusiastic and provide critical expertise to drive Jadestone Energy's growth, strategy and value generation. As a company with multiple core operating areas in the Asia Pacific region, it is important that all our employees are culturally sensitive and respectful of others.
- Jadestone Energy is committed to reducing our environmental footprint whilst bringing the social and economic benefits of our industry to the countries in which we operate. Employees are expected to value this commitment whilst always delivering safe and efficient operations across assets, cultures and geographies.
What we offer
- An exciting and highly nimble work environment where employees will collaborate with a diverse international team who will encourage them to learn, grow, challenge themselves and show their entrepreneurial spirit.
- At Jadestone Energy, you will join a company with a leadership team that has a proven industry track record of success. Jadestone Energy is a new and exciting company, with a pioneering spirit where individuals can truly make a difference and flourish.
Position Purpose
Candidate will be reporting to Subsurface Manager and supporting the production and subsurface aspects of reservoir management and development activities for company's Malaysian assets, mainly in mid-life producing fields. Candidate will be responsible for performing reservoir engineering scope of work - analyse field data, perform wells and reservoirs studies to define optimum depletion mechanism and development strategy for optimizing production and maximizing the value of the asset. This includes accountability for the quality and the timely delivery of subsurface related deliverables such as preparation of robust production forecast, production enhancement activities, well/ reservoir surveillance activities, reservoir management and depletion plan, reserves evaluation and field development plan. The candidate will at times, be performing asset evaluations to support the inorganic growth of the company. In addition, the candidate will be working towards acquiring approvals for reservoir engineering deliverables presented to internal and external entities (partners, regulatory body, banks, and auditors).
Principle Accountability
- Take ownership in day-to-day surveillance, reservoir management and development activities within Jadestone's producing assets
- Monitor production performance and make recommendations for production optimization. Work closely with operations, offshore personnel, facilities & engineering, drilling & completion and wells groups in ensuring smooth operations while achieving production targets
- Collaborate with production technologist/petroleum engineers and senior reservoir engineers to identify/ evaluate production enhancement opportunities and/or diagnostics/mitigation of abnormal well behaviours
- Deliver and monitor reservoir management plan, field-wide surveillance programs and monthly target producing plans. Recommend and justify surveillance needs for wells and production systems testing. Coordinate with production operations and surface facility personnel for all logistical aspects of well intervention plans and/or surveillance activities
- Hold accountability on production allocation and forecasting. Monitor reserves changes and contribute relevant part of subsurface input to the annual corporate business plan activities and updates
- Undertake data analysis and interpretations, including decline curve analysis, material balance, volumetric estimation, production allocation & forecast, pressure transient analysis, nodal analysis, fluid contacts estimation, reservoir evaluation etc. Training in and use of reservoir simulation techniques will be beneficial
- Conduct reservoirs/field development studies (i.e., analytical and numerical simulation) to define optimal reservoir depletion strategy via IOR and/or EOR techniques: optimize well locations and count, well utilities, pressure maintenance vs. gas cap blowdown, ICD/ICV concept studies, inert gas injection etc
- Maintain and update reservoir engineering database, inclusive of daily production data, well history, core and fluid analysis, pressure surveys / PBUs etc. for use in subsurface studies
- Plan and supervise coring/PVT sampling and monitor requirements and QA/QC of core/fluid analyses programs in laboratory
- Participate and prepare relevant presentations for internal and external technical meetings / workshops (Jadestone internal, MPM, partner(s), banks, and auditors)
Position Holder Requirements
Experience, Skills and Knowledge:
- Fresh graduate up to 3 years of experience in upstream oil & gas.
- Good analytical and problem-solving skills, with solid technical experience in various aspects of reservoir engineering, both operational and developments sides
- Basic experiences in offshore operations, field surveillance and reservoir studies work will be added advantage
- Basic experience in the preparation of the Field Development Plan (FDP) documentation for review and approval by the respective stakeholders
- Intermediate user in reservoir simulation software and familiar with TNav, GAP, PROSPER and MBAL with hands-on experience within the last two (2) years. Knowledge of Excel, VBA would be beneficial
Candidate Profile:
- Possess interpersonal, communication and motivational and leadership skills with ability to dissect complex problems and demonstrate broader understanding beyond a single business / function
- Clear long-term focus and demonstrate integrity and personal commitment to organization goals and values
- Flexible and pro-active attitude, willing to provide coaching and mentoring to juniors
- Good organizational, multi-tasking capability, and presentation skills and thorough command of the spoken and written English language
- High degree of commercial awareness with good understanding of the impact of various factors on business
- Good decision-making. Able to tackle issue / problems based on through analysis and evaluation of possible options
- The candidate is responsible to ensure/assist execution of planned activities related to his core job responsibility in compliance with Jadestone Energy HSE policies and industrial standards
Position Holder Requirement
Formal Qualification
- Minimum of a B.Eng. degree in Petroleum Engineering or related engineering discipline
