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.

Reservoir Engineer, Thermal Oil

We are currently recruiting for a Reservoir Engineer, reporting to the Reservoir Engineer Lead supporting AOC Thermal Assets (Leismer and Hangingstone). Working within a multidisciplinary team, 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:

- Coordinate asset team meetings with a focus on production optimization and key learnings
- Lead field, pad and well production forecasts and type curves on a weekly to annual basis
- Create field,



pad and well operation targets and KPI metrics on a weekly to annual basis
- Assess and develop operating strategies by data analyses and reservoir engineering principles
- Provide Management with monthly reservoir performance updates
- Utilize integrated subsurface thermal knowledge to optimize mature pads over bottom water
- Identify and evaluate opportunities to improve field, pad and well production
- Support future development by incorporating operational knowledge into project plans
- Conduct technical studies, analogue assessments and reservoir evaluations
- Manage development and implementation of new technologies

Qualifications:

- Minimum of a Bachelor of Science in Engineering
- Minimum of 8+ years of subsurface thermal experience
- Expertise in reservoir surveillance within a thermal SAGD recovery asset team
- Excellent written and oral communication, with robust presentation skills
- Demonstrated ability to work effectively within a multi-disciplinary team
- Detail orientated with ability to communicate and report technical material
- Proficient in MS Office suite, specifically MS Excel; VBA considered an asset
- Must be legally entitled to work in Canada and registered with APEGA

Please email your resume to [email protected] with Reservoir Engineer 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 opportunity employer.

📌 Reservoir Engineer, Thermal Oil (Calgary)
🏢 Athabasca Oil
📍 Calgary