Overview of Athabasca Oil Corporation

Athabasca Oil Corporation (“AOC”) is a unique liquids-weighted intermediate energy producer. At AOC, we proudly and responsibly produce Canadian energy to improve people’s lives. We are passionate, take ownership of our work, get things done and are great at what we do.

Athabasca currently produces ~40,000 boe/d with a significant growth program underway. Athabasca has exposure to Canada’s premier resource plays.

Thermal

Oil boasts >1 billion barrels of top quartile reserves and a deep inventory of future projects. In addition, Athabasca’s private subsidiary company Duvernay Energy Corporation is a unique standalone self-funded entity that offers investors pure-play exposure to the Kaybob Duvernay play and is expected to grow to over 15,000 bbl/d by 2030.

Strategically

Athabasca has two companies with independent strategies and capital allocation frameworks.

AOC has positioned itself with strong financial liquidity of ~$445 million (including $316 million in cash), putting it in an enviable position relative to its peers. The company is resilient to commodity price volatility and is expecting to generate ~$1.1 Billion of free cash flow over the next five years, while funding its growth initiatives. All free cash flow is currently returned to shareholders in the form of share buybacks.

The combination of production growth and reduced share count is resulting in cash flow per share growth. The corporate strategy is to continue to grow our assets, generate significant free cash and provide superior returns to shareholders over the long term.



Sustainability is core to the business with strong governance and a commitment to reducing emissions through its technology roadmap.

Athabasca has a track record of transformative projects including JV’s, M&A;, royalties, and unique marketing arrangements. AOC offers a dynamic and exciting work environment for the right candidate. AOC is publicly traded on the TSX under the symbol “ATH” with a market capitalization of $5.7 Billion.

Geologist, Thermal Oil

We are seeking a Geologist, to support our Thermal Assets (Leismer and Hangingstone), reporting to the Reservoir Engineer Lead. This role supports the continued advancement of AOC’s Thermal Oil assets toward high netback, sustainable production through optimized recovery, operational excellence, and continuous improvement. This position is a full-time office-based position located in Calgary.

Responsibilities:

- Work with multi-disciplinary teams to identify, evaluate, and optimize the asset potential
- Conduct geological interpretation utilizing core, well logs, and seismic data to support production and development decisions
- Plan, co-ordinate and execute OSE, observation well, and horizontal well drilling programs across both assets
- Regularly work with other geologists and geophysicists to output maps,



geological prognosis and volumetrics
- Support regulatory communication, applications and reporting tasks for each asset
- Provide geological support for current and future water source and disposal wells
- Provide geological input to the well abandonment programs across the various assets
- Participate in subsurface multi-disciplinary tasks that may be broad in scope

Qualifications:

- Minimum BSc. in Geoscience with 8 years of direct oil sands SAGD experience
- Must have a current APEGA P. Geol. accreditation
- Must be legally entitled to work in Canada
- Able to work well in a multi-disciplinary team with highly motivated professionals
- Strong oral and written communications skills
- Results orientated and capable to respond effectively to changing priorities
- Open to diverse workflows and varying workloads
- Proficient with using Petrel software, experience with Petrel geomodels would be an asset
- Experience with drilling operations for cored wells and SAGD horizontal wells
- Able to interpret SAGD monitoring data (ie. RST, temperature, and pressure data) for well planning and production optimization
- Familiar with seismic data and petrophysics
- Knowledge in oil sands reservoir characterization
- Competent with integrating various subsurface & analogue data types

Please email your resume to [email protected] with Geologist in the subject line of the email. We thank you in advance for your interest and note that only those selected for an interview will be contacted. Athabasca Oil Corporation is an equal prospect employer.

📌 Geologist, Thermal Oil (Calgary)
🏢 Athabasca Oil
📍 Calgary