About this opportunity:
The Business Development Engineer plays a key role in identifying, evaluating, and advancing high value opportunities across a Canadian thermal and conventional heavy oil portfolio, with a strong focus on SAGD and long-life upstream assets.
The role combines upstream engineering, asset evaluation, and commercial analysis to support portfolio optimization and value creation. Key areas of focus include M&A, competitive intelligence, regulatory changes, and commercial initiatives that influence asset value and long-term competitiveness.
Success in this role requires strong engineering judgment, solid commercial understanding, and credibility with technical teams working across SAGD and heavy oil operations.
What you’ll do:
Perform integrated technical and financial evaluations of organic and inorganic opportunities, including acquisitions, divestitures, and commercial alternatives.
Quantify value, risk, and uncertainty for upstream assets, incorporating reservoir performance, development concepts, operating strategy, capital efficiency, and regulatory drivers.
Translate complex analysis into clear decision ready recommendations for senior leadership.
Support market intelligence and competitor benchmarking initiatives within the WCSB.
Generate and review economic models and evaluation outputs using industry standard tools to enable consistent, data driven decision making.
Utilize broad technical and commercial understanding and passion for connecting people to facilitate cross functional alignment, enhance project value, and accelerate opportunity development.
Manage multiple competing priorities independently while delivering results in a fast-paced environment.
Promote ideas, articulate business cases, and tailor messaging to diverse audiences, including technical teams, leadership, partners and regulators.
Who you are:
Our ideal candidate will have the following minimum requirements:
Legally authorized to work in Canada.
8+ years of experience in upstream SAGD development engineering, including managing and coordinating project teams.
Bachelor’s degree in Business, Commerce, Engineering or a related field; professional engineering designation (P.Eng.) or equivalent preferred.
Strong business, commercial, and financial acumen.
Strategic thinker with the proven ability to transform ideas into actionable work plans for teams.
Advanced proficiency in Excel, PowerPoint, Power BI, and Microsoft 365, with experience using Mosaic, ValNav, ARIES, Enersight (or equivalents) for economic evaluation, plus familiarity with market intelligence platforms such as Wood Mackenzie, Rystad, Enverus, and IHS.
Working knowledge of technical data tools including Spotfire, GIS, and reservoir model outputs to support commercial and strategic analysis.
We acknowledge the value of transferrable skills and may consider equivalent combinations of experience and education should you not meet a specific requirement.
Note: The application deadline for this position is 11:59 PM MT April 29, 2026.
Cenovus was ranked one of Canada’s Best Employers in 2025. We’re committed to being an employer of choice in our industry by offering a competitive total rewards package and employee programs and rewarding career development opportunities. Learn more.
If you require accessibility assistance to complete the on-line application or otherwise apply for an open position with Cenovus, its subsidiaries and affiliates, please email careeropportunities@cenovus.com.
Who we are:
Ranked as one of Canada’s Best Employers in 2025, Cenovus is an integrated energy company headquartered in Calgary. We’re committed to maximizing value by developing our assets in a safe, responsible and cost-efficient manner. We operate in Canada, the United States and the Asia Pacific region. Our operations include oil sands projects in northern Alberta, thermal and conventional crude oil and natural gas projects across Western Canada, crude oil production offshore Newfoundland and Labrador and natural gas and liquids production offshore China and Indonesia. Cenovus’s downstream operations include upgrading, refining and marketing operations in Canada and the United States.
Find Cenovus on LinkedIn, Facebook and Instagram.
The Cenovus experience
Total rewards
We’re committed to being an employer of choice through competitive compensation and our comprehensive total rewards package, including:
Paid vacation (including a flex day program for eligible staff)
Health & dental benefits
Substantial mental health coverage
Life insurance
Disability benefits
Employee family assistance
Virtual healthcare coverage
Our development philosophy
We foster a culture of continuous learning and development to support employees as they build meaningful careers. We offer a variety of employee development initiatives, including:
Internal course offerings
Education assistance for additional development
Opportunities to work on special projects
Leadership development programs for emerging and established leaders
We actively promote internal job movement, recognizing the value of gaining new perspectives, building connections across teams, and applying expertise in new ways. As a fully integrated energy company, we believe that sharing knowledge across our business and operations creates stronger outcomes—for employees and for the company as a whole.
Our culture
Our purpose: We energize the world to make people’s lives better.
Our values:
Protect what matters
Do it right
Make it better
Do it together
Cenovus Cares: We believe in the power of purpose-driven work. Our Employee Giving and Volunteering Program, Cenovus Cares, connects our people to our purpose, inspiring action and elevating impact year-round.
Support causes you care about with volunteer opportunities in and outside of work.
Earn donation grants while volunteering (up to $1,000 per event).
Receive donation matching up to $25,000 annually.
Staff resource groups: We have various staff resource groups to help ensure our people feel a sense of belonging and can grow and do their best work. These voluntary groups are employee-led and all groups are open to all staff in all locations.
Equal opportunity employer
We believe a workplace where everyone has merit-based opportunities to grow, achieve career aspirations and feel a sense of belonging benefits our people, our company and the regions where we live and work. We embrace and encourage different perspectives and approaches, which help us make better business decisions. We believe that through this approach, we can solve challenges, seize opportunities and unlock innovative solutions.
To achieve an unbiased and respectful workplace, individuals are evaluated based on qualifications, merit and abilities, and we encourage applications from all qualified candidates. We also acknowledge the value of transferrable skills and may consider equivalent combinations of experience and education should you not meet a specific requirement.
For more information about working at Cenovus, visit cenovus.com.
The requirements of this posting may be modified to support business needs. Title and compensation administration will be based on the skills and capabilities of the successful incumbent.
Interested in this opportunity? Click the Apply link.
If you are a CURRENT EMPLOYEE, please apply by going to our Internal Career Site.