Working with Petronas?, Work environment, benefits and culture?
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 Mar 26 2013, 12:29 PM
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#1
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Junior Member
6 posts Joined: Mar 2013  
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Hye all! I'm new here and I'm going to report duty at Petronas KLCC on this coming 1st April. I just want to ask, whether anyone here knows about the jobscope of petroleum economics, as I got the offer in that field. Thanks in advance!
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Mar 27 2013, 07:52 AM
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#2
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Junior Member
6 posts Joined: Mar 2013
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QUOTE(HPrules @ Mar 26 2013, 03:36 PM) congratulations! so which department you will be assigned to? I have been assigned to strategy and new ventures department. Are u familiar with that department? QUOTE(azraeil @ Mar 26 2013, 08:00 PM) Petroleum Economics is fun Oh as I'm expected. Hehe. Thanks bro azraeil for the comprehensive explanation You need to know the details of the PSC arrangements and then you need to know how much oil/gas that the field will produce and then you need to come up with the IRR after taking into account the CAPEX and OPEX and see if you can get over the hurdle rate. You also will have to look at the matrix in terms of which portfolio the company should pursue and which one they should drop based on all the analysis I mentioned previously. I'm a geologist but I find Petroleum Economics fascinating .... btw, petroleum economics is bound under petroleum engineering group, right? |
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Mar 27 2013, 07:09 PM
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#3
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Junior Member
6 posts Joined: Mar 2013
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QUOTE(azraeil @ Mar 27 2013, 06:10 PM) I remembered it being separated from the PE Skill group previously or maybe it was just the unit in PCSB that was separated. I would suspect that it will be under SG-10 so you should be in Tier 1 (if they still have that tier thingamagic), I've heard of a lot of policy changes lately that is causing some distress amongst staff. Oh okay, thanks for the info. I have seen petroleum economics is bound under petroleum engineering in discoverpetronas.com. So, I'm wondering whether petroleum economics is as the same level as other petroleum engineering field such as reservoir, drilling and others, because petroleum economics is not as critical as those other fields in PE. |
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Mar 28 2013, 06:40 AM
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#4
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Junior Member
6 posts Joined: Mar 2013
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QUOTE(kb9 @ Mar 28 2013, 01:20 AM) May I know what's your background? I took mechanical engineering |
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Mar 28 2013, 05:29 PM
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#5
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Junior Member
6 posts Joined: Mar 2013
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QUOTE(melobass @ Mar 28 2013, 03:35 PM) heard from my PE senior, most of the petroleum economics are PE since we have a few subject relate to those..but then, congrate and good luck to you!  |
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Mar 28 2013, 08:05 PM
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#6
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Junior Member
6 posts Joined: Mar 2013
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QUOTE(klein @ Mar 28 2013, 07:07 PM) May I know if you graduated with your mechanical engineering degree overseas? Nope. I graduated from utp |
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