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3 weeks ago
**Job Details Job Title**: Economist Business/Department: Finance, IT and Supply Chain Reporting To: Business Planning and Strategy Manager Job Purpose Primary role is to support business planning for all Exploration, Development, Engineering and Operations projects. The position plays an active role in Opportunity Development Process (ODP) management, economic analysis, financial modelling, business planning, budget, weekly and monthly reporting and portfolio analysis. Dimensions Number of Direct Staff: 0 Number of Indirect Staff (if applicable): 0 Number of Direct or Indirect Contractors (if applicable): 0 Key Result Areas (Key Accountabilities) 1. Build and maintain Economic Models to assess economic return and risk of Exploration, Development and Engineering projects. 2. Assist Business Planning team in preparing analysis, presentations, monthly and weekly reports, data collection, commodities market tracking, building/ running ad-hoc economic models. 3. Assess economic return and risk of Exploration, Development and Engineering projects throughout the ODP process to support investment sanction and postexecution evaluation, using Discounted Cash Flow (DCF) and probabilistic methodologies. 4. Proactively liaise with Engineering, Development and Operations departments to ensure projects compliance with ODP and Finance processes. 5. Act as focal point and super user for ODP software systems (PowerSteering and FileBound), liaising with software vendor and Information Technology (IT) team to resolve issues and manage updates and User Acceptance Testing (UAT). 6. Support the continual improvement of PowerSteering through data integrations with other systems and fully utilise the system's reporting capabilities. 7. Support economic evaluation of Company reserves according to Society of Petroleum Engineers (SPE) or Petroleum Resources Management System (PRMS). 8. Support the preparation of the Company annual Business Plan, including Management presentations and write-up of Budget Book. Communication and Important Working Relationships Internal Contacts: Exploration, Development, Engineering, Operations, Drilling, Finance, IT and all levels of Management. External Contacts: Software Vendor Knowledge, Skills, Experience and Job Related Competencies Educational Qualifications
Bachelor's degree in Economics, Petroleum Engineering, Engineering or
**Physics. Experience Profile**:
5 years hands-on Petroleum Economics, Petroleum Engineering or
Production experience, with a demonstrable skill in building and running upstream deterministic and probabilistic economic models and economic studies. Competencies/Skills/Others:
A highly effective team player with excellent communication skills required with the ability to network with all disciplines and relate to technical operations and all levels of management.
This role includes access to highly sensitive information - discretion and an understanding of the sensitivity of the data is essential.
Advanced knowledge of Excel for economic modelling as well as probabilistic analysis software.
Role Model - Decision Making, Creativity, Innovative Thinking, Change Management, and Solution Orientated Thinking.
**Job Details Job Title**: Economist Business/Department: Finance, IT and Supply Chain Reporting To: Business Planning and Strategy Manager Job Purpose Primary role is to support business planning for all Exploration, Development, Engineering and Operations projects. The position plays an active role in Opportunity Development Process (ODP) management, economic analysis, financial modelling, business planning, budget, weekly and monthly reporting and portfolio analysis. Dimensions Number of Direct Staff: 0 Number of Indirect Staff (if applicable): 0 Number of Direct or Indirect Contractors (if applicable): 0 Key Result Areas (Key Accountabilities) 1. Build and maintain Economic Models to assess economic return and risk of Exploration, Development and Engineering projects. 2. Assist Business Planning team in preparing analysis, presentations, monthly and weekly reports, data collection, commodities market tracking, building/ running ad-hoc economic models. 3. Assess economic return and risk of Exploration, Development and Engineering projects throughout the ODP process to support investment sanction and postexecution evaluation, using Discounted Cash Flow (DCF) and probabilistic methodologies. 4. Proactively liaise with Engineering, Development and Operations departments to ensure projects compliance with ODP and Finance processes. 5. Act as focal point and super user for ODP software systems (PowerSteering and FileBound), liaising with software vendor and Information Technology (IT) team to resolve issues and manage updates and User Acceptance Testing (UAT). 6. Support the continual improvement of PowerSteering through data integrations with other systems and fully utilise the system's reporting capabilities. 7. Support economic evaluation of Company reserves according to
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