Start Date
Immediate
Expiry Date
04 Dec, 25
Salary
0.0
Posted On
04 Sep, 25
Experience
5 year(s) or above
Remote Job
Yes
Telecommute
Yes
Sponsor Visa
No
Skills
Gas Industry, Life Insurance, Petroleum, Ansi, Vision Care, Disability Insurance, Communication Skills, Nace, Dental Care, Process Engineering
Industry
Mechanical or Industrial Engineering
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 38,500 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, in December 2023 Athabasca announced the creation of Duvernay Energy Corporation, a private subsidiary company. Duvernay Energy 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 20,000 bbl/d by the late 2020’s. Strategically Athabasca has two companies with independent strategies and capital allocation frameworks.
AOC has positioned itself with strong financial liquidity of ~$455 million (including $335 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 ~$1.8 Billion of free cash flow over the next five years. 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 industry leading 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 $3 Billion and was recognized as number one total shareholder returning Energy company over the last three years and the number three company on the entire TSX (across all sectors).
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Work Location: In perso