Job Openings
Petroleum Economist
About the job Petroleum Economist
Responsibilities
- High-quality economic models, analyses, and interpretations;
- Provide commercial advisory support throughout the evaluation and negotiation processes;
- Identify, define, and assess key economic and commercial parameters and sensitivities;
- Translate analytical outputs into clear, actionable business insights.
- Economic model shall consist of;
- Project Economic Analysis
- Project returns on the selected development concepts at field life (Base Case vs. options – IRR, NPV, assumptions)
- Incremental project returns for IOR/EOR projects at field life
- CAPEX Estimate (+/-30%) - Facility and well cost estimate
- Unit Development Cost (UDC) ($/BBL) - Cost estimate and basis
- Unit Production Cost (OPEX /Production) ($/BBL) - Cost estimate and basis
- Unit Technical Cost (UTC) ($/BBL) - Cost estimate and basis
- Abandonment/Decommissioning - Timing/schedule, the cost estimate for decommissioning of facilities and abandonment of wells
- Project Economic Analysis
Requirement
- Degree in Economics or Petroleum Engineering or any equivalent from an accredited institution;
- Minimum of eight (8) years working experience as a petroleum economist in oil and gas industry. Shall have experience in a minimum of three (3) Field Development Plan (FDP) or Full Field Review (FFR) projects.