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Senior Cost Engineer/Estimator
Wood Mackenzie
Wood Mackenzie has been a respected adviser to the energy industry for over 30 years. We combine experience with industry knowledge to provide clients with valuable analysis and unique insights. With its headquarters in Edinburgh, Wood Mackenzie also has offices in London, Houston, Boston, New York, Moscow, Beijing, Singapore, Kuala Lumpur and Sydney and currently employs around 550 people.
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Drilling Superintendent for DUC Operations
Maersk Oil
Maersk Oil is aiming to grow by exploration and is looking for highly motivated seismic interpreters to participate in regional studies and identify and evaluate high value plays and prospects in focus areas.
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Group development manager*
Gaz de France
For this position you will be in direct contact with all of Gaz de France subsidiaries in France and abroad. Our group offers many personal development opportunities in the short and mid-term. Your English is fluent.
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President, Aker Geo
Aker Solutions
Innovative and dedicated people who believe that nothing is impossible have solved tomorrow’s challenges for over 150 years. Are you ready to roll up your sleeves?
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Country Manager
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PTT Exploration and Production Plc -
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Sea Trucks Group -
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Shell on recruitment hunt
By Upstream staff
Shell was forced to cut its proven oil reserves by nearly a quarter last year after vastly overestimating how many reserves it held.
The scandal cost the company almost $150 million in fines imposed by US and British regulators and led to the sacking of three senior executives.
Analysts said that the recruitment drive for Shell's exploration and production arm appears to be aimed at regaining ground lost to rivals, who have stronger records on reserve replacement and production growth.
"This is what Shell needs to do. It has been underinvesting in the upstream division over the past five years," Jason Kenney at ING Financial Markets told the Associated Press.
Shell said that the recruitment drive was part of an annual review of the staff needed to conduct its business strategy and to replace normal attrition of staff.
"In addition, Shell EP (exploration and production) has significantly increased its planned capital expenditure and will require additional technical resources to execute our work plan over the next several years," it said.
A total of 170 experienced petroleum engineers are being sought by April on a contract or permanent basis. These staff are part of the team responsible for making sure oil and gas can be extracted from the ground.
The remaining staff will join the exploration and production unit in other roles. No details were provided on where they will be based.
Analysts are also waiting to discover whether Shell will reclassify its reserves for the fifth time since last January when it announces its annual results on 3 February. The company warned in October that it may have to cut estimates by 900 million barrels more, having already reduced the total of its reserves by 23%, or 4.47 billion barrels.
Shell has announced a string of initiatives to improve accountability and performance after the reserves scandal, including plans to merge its British and Dutch holding companies after nearly 100 years of separate operations.
