Petroleum Economist

Responsibilities

• Economic Evaluation & Asset Value Optimisation
  • Develop and maintain economic models for producing assets and new development projects.
  • Evaluate commercial viability of brownfield projects, including infill drilling, workovers, tie-backs, and redevelopment opportunities.
  • Perform valuation analysis (NPV, IRR, breakeven, sensitivities) to support decision-making.
  • Assess the impact of technical, cost, and production uncertainties on asset value.
• PSC Fiscal Analysis (Malaysia)
  • Apply and interpret Malaysia PSC fiscal regime, including cost recovery, profit sharing, tax structures and incentives.
  • Ensure accurate representation of PSC terms in economic models.
  • Support identification of opportunities to optimise value within PSC frameworks.
• Portfolio Performance & Analysis
  • Analyse asset performance and identify value enhancement opportunities.
  • Support capital allocation discussions through comparative economic analysis.
  • Contribute to business planning, budgeting, and portfolio reviews.
• Selective Opportunity Screening
  • Support evaluation of near-field and incremental opportunities within or adjacent to existing assets.
  • Provide economic inputs into opportunity screening and benchmarking activities.
• Collaboration & Integration
  • Work closely with subsurface, wells, facilities, finance, and commercial teams to integrate inputs into economic models.
  • Translate technical inputs into clear commercial insights for decision-making.

Requirement

• Degree in Economics, Finance, Engineering or related discipline.
• Minimum 5 years' experience in upstream oil & gas economics or commercial roles.
  
• Experience working with Malaysia PSC fiscal regimes is essential.
  
• Experience in asset evaluation and project economics.
• Strong economic and financial modelling capabilities.
• Advanced proficiency in Microsoft Excel and PowerPoint.
• Experience with industry-standard economic tools such as:
  • PEEP (Petroleum Economic Evaluation Package)
  • Aries, PHDWin or equivalent
• Working knowledge of automation or programming tools (e.g. VBA, Python) is an advantage.
• Familiarity with sensitivity, scenario, and uncertainty analysis.
• Strong analytical and problem-solving skills.
• Good understanding of upstream value drivers and cost structures.
• Ability to assess uncertainty and generate practical insights.
• Strong team player with ability to work in multi-functional teams.
• Effective communicator, able to simplify technical concepts.
• Proactive, detail-oriented, and delivery-focused.