Petroleum Engineer

BMO•Calgary, AB

7d•CA$175,000•Onsite

About The Position

The Energy Team in Calgary is currently hiring a Petroleum Engineer for North America. The successful candidate will provide technical expertise, reservoir and asset evaluation, and analytical insights to support transaction execution, client advisory, and investment decision-making across upstream oil & gas assets. As the Petroleum Engineer you will play a critical role in bridging technical petroleum engineering expertise with capital markets decision-making, supporting credit adjudication, portfolio risk management, and transaction execution. This role requires a strong understanding of how reservoir performance, development strategy, and commodity assumptions translate into lending risk, valuation, and capital structuring decisions. In addition to technical evaluations, the Petroleum Engineer will contribute to structuring discussions, client strategy, and portfolio monitoring, providing insights into asset quality, sustainability of production, and capital efficiency across client portfolios. Operating precisely at the intersection of engineering, finance, and risk, requiring both deep technical expertise and strong commercial acumen, the role aligns well to those seeking a role to leverage their expertise within capital markets.

Requirements

12+ years of oil and gas technical engineering experience.
Currently a licensed engineer or technical professional within Canada.
University degree with a focus on Engineering, Geology, Geophysics or similar background.
Demonstrated expertise in reserves evaluation methodologies, including NI 51-101, and SEC public disclosure rules, and SPEE–COGEH and SPE-PRMS associated reporting standards
Strong experience in decline curve analysis, type curve generation, and probabilistic forecasting techniques
Familiarity with unconventional resource evaluation (tight oil, shale gas, oil sands, SAGD) and associated development considerations
Experience reviewing and challenging third-party reserve evaluations and technical assumptions
Strong understanding of reserve-based lending structures, borrowing base mechanics, and redetermination processes
Ability to connect engineering outputs to financial metrics such as net present value (NPV), debt capacity, and risk-adjusted returns
Knowledge of commodity markets, hedging strategies, and macroeconomic drivers impacting upstream valuations
Ability to provide independent challenge and informed recommendations in complex, high-value decision-making environments
Advanced Excel and financial modeling skills; experience integrating engineering and financial datasets.
Experience with Oil and Gas industry database modeling tools: ValNav & Mosaic in Canada plus PHDWin & Aries in USA.
Deep understanding of the Western Canada Sedimentary Basin and broader North American oil and gas landscape
Knowledge how in Canada and the U.S., resource royalties and production taxes on oil, gas, and mining are governed by a distinct mix of federal, state/provincial, and private systems.
Awareness of evolving regulatory requirements, ESG considerations, and energy transition dynamics

Nice To Haves

Prior experience in corporate or investment banking or capital markets experience is considered an asset.
Experience supporting or advising on M&A, A&D transactions, or financing processes is strongly preferred
Experience with data analytics tools (Power BI, Python, SQL) to enhance reporting and efficiency is an asset
Active participation in industry associations or professional networks (e.g., SPE) is considered an asset

Responsibilities

Translate engineering analysis into actionable credit insights, including borrowing base recommendations, covenant considerations, and risk mitigation strategies
Support deal teams in structuring lending facilities by assessing asset quality, decline risk, capital intensity, and commodity exposure
Provide ongoing portfolio surveillance, identifying early warning indicators related to production performance, cost inflation, reserve revisions, or capital program changes
Partner closely with risk management, credit adjudication, and front-office teams to ensure alignment between technical findings and credit decisions
Contribute to syndicated lending processes, interacting with external engineering evaluators, partner banks, and client technical teams
Enhance internal technical models, tools, and processes to improve consistency, efficiency, and defensibility of reserve-based lending evaluations
Deliver clear, concise, and defensible technical opinions in high-stakes forums including credit committees and senior leadership discussions
Support stress testing and scenario analysis (commodity price, cost escalation, production variability) to assess portfolio resilience
Act as a mentor to junior engineers and analysts, contributing to capability building within the Technical Services function
Provide insights into energy transition risks and opportunities, including asset decarbonization, regulatory impacts, and evolving capital allocation trends