Petroleum Economist

Job Description:

We are seeking an experienced and skilled Petroleum Economist with a strong background in reserves and economic evaluation, forecasting, and risk assessment within the oil and gas industry. The ideal candidate will have over 10 years of experience in Pakistan and be proficient in using industry-standard tools such as Merak and Excel.

Key Responsibilities:

• Reserves & Economics Evaluation:
• Conduct comprehensive economic evaluations of petroleum reserves, including the estimation of recoverable resources and financial valuation.
• Classify reserves according to industry standards PRMS Guidline, ensuring accurate and reliable reporting.
• FDP Economics
• Forecasting:
• Develop detailed financial/Fiscal models to forecast future production, revenue, and costs associated with petroleum assets.
• Analyze market trends and price forecasts to determine the economic viability of reserves and projects.
• Risk Assessment:
• Perform risk assessments to identify and evaluate potential financial, operational, and market risks associated with oil and gas projects.
• Conduct sensitivity analyses to assess the impact of key variables on project economics and advise on risk mitigation strategies.
• Software Proficiency:
• Utilize Merak for detailed economic modeling, analysis, and reporting.
• Employ Excel-based tools to build custom economic models, perform data analysis, and present financial results to stakeholders.
• Decision Support:
• Provide economic insights and recommendations to support decision-making processes related to exploration, development, and production activities.
• Collaborate with multidisciplinary teams, including geologists, engineers, and finance professionals, to integrate economic analyses into broader project evaluations.
• Regulatory Compliance:
• Ensure compliance with local and international standards for reserve reporting and economic evaluation.
• Prepare and present reports to regulatory bodies, investors, and senior management.

Qualifications:

• Experience:
• Over 10 years of experience in petroleum economics, with significant exposure to the oil and gas industry in Pakistan.
• Extensive experience in reserves evaluation, economic forecasting, and risk assessment.
• Education:
• Masters degree in Economics, Petroleum Engineering, or a related discipline. An advanced degree (Phd) is preferred.
• Technical Skills:
• Proficient in using Merak for economic modeling and evaluation.
• Advanced skills in Excel, including the ability to create complex financial models and conduct data analysis.
• Other Requirements:
• Strong analytical and problem-solving skills with a keen eye for detail.
• Excellent communication abilities, capable of translating complex economic data into actionable insights.
• Ability to work effectively both independently and as part of a team.

Application Process:

Interested candidates should submit their resume, a cover letter detailing their relevant experience, and any supporting documentation that demonstrates their expertise in petroleum economics, particularly within the context of Pakistan