Reservoir Engineer – Structured Credit

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

• Degree in Petroleum/Reservoir Engineering or related field
• Experience with US onshore unconventional reserves evaluation
• Strong understanding of reserves reporting and production forecasting
• Familiarity with operating costs, development planning, and P&A obligations
• High attention to detail; ability to challenge assumptions and identify risks
• Clear communication skills translating technical insights to non-technical stakeholders

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.