Top.Mail.Ru
Senior Petroleum Economist Oil &Gas sector
012 -5961868
negotiable
07.01.2022

Job Description

Responsibilities :

JOB SUMMARY
The position of Senior Petroleum Economist (“PE”) is responsible for the sophisticated economic appraisal of exploration, development, and production stage investment opportunities.  In this role, the PE will conduct in-house economic evaluations for new business ventures, by building Excel models and using other evaluation techniques, in order to support the Company growth and diversification activities.  This role will support commercial negotiations for acquisitions and other investment opportunities. For assets operated by the company, this position will conduct field level economic analysis of potential capital projects, e.g., new wells, etc. Reports directly to the Vice President of Business Development.


ROLES AND RESPONSIBILITIES
Perform sophisticated economic assessments and sensitivity analysis in a timely manner to fully understand key value drivers and establish valuation ranges for use in negotiations or for capital project decision-making
Provide expert application of global upstream investment analysis methodology, including DCF, risk-based approaches, decision tree analyses and scenario-based evaluations
Build, update and maintain economic models to perform economic evaluations (NPV, IRR, etc.) of the feasibility and value of upstream projects, including acquisition of exploration, development stage and producing assets
Develop and get agreement on assumptions to be used in economic evaluation, with due input from various functional specialists
Perform analyses of country fiscal regimes, using general knowledge of multiple jurisdictions’ fiscal terms
Sense check assumptions and plans from technical teams (and other groups), interacting as needed, based on general familiarity with basic oil & gas asset development concepts from exploration to mature stage production; prepare project sensitivities, and question economic model results to ensure reasonableness
Liaise with bank financial advisors, project lenders, tax advisors, technical advisors and other relevant advisors to ensure use of appropriate assumptions in evaluation activities
Ensure accuracy of economic models provided by third parties (banks, partners) by quality control/error checking
Provide support to due diligence new venture opportunities, take lead in coordinating due diligence activities as requested, working with relevant departments as well as third party advisors
Coordinate formal assumptions reviews and sign-offs and compile the assumption documents
Prepare thorough reports and presentations outlining results of economic evaluations and basis for key assumptions in a clear and comprehensive fashion
Use multiple evaluation platforms, based on high degree of proficiency with Excel based models (including macros) and (ideally) familiarity with Woodmac GEM, PEEP, PhdWin or Aries, and Questor
Prepare presentations on investment projects with emphasis on documenting economic analysis and assumptions to establish ‘audit’ trail of assumptions and analyses
Support individual asset units as appropriate in investment appraisal and decision or risk analysis as needed
Provide necessary input and assist as required in the development of new venture strategy and in the identification/screening/execution of opportunities and other department tasks
Create and use databases to track project review process
Assist in development of upstream evaluation policies and standards
Prepare portfolio analysis of New Venture opportunities and related impact on the Company as a whole

Requirements :

EDUCATION / EXPERIENCE
Minimum 15 years’ broad experience in international new ventures oil and gas economic evaluations across a variety of regimes and project types, including asset acquisitions, direct negotiations, etc.
Bachelor’s Degree in relevant technical, finance, economics or related area; an advanced degree (Master’s) is a plus.
Familiarity with sophisticated Excel valuation modelling in oil & gas context; Woodmac GEM, PEEP, PhdWin or Aries, and Questor experience is desirable.
Excellent Azerbaijani, English and Russian 


KNOWLEDGE / SKILLS 
Knowledge and experience in the upstream oil and gas business generally, with emphasis on valuation and New Venture/M&A work
Excellent knowledge of Excel and other valuation models; enjoys ‘hands-on’ model building 
Experience in supporting negotiations and bid strategy
Familiarity with global PSA regimes, including Azerbaijan and other FSU countries; knowledge of Company policies, procedures is a plus
Ability to bridge investment analysis with strategic thinking and planning skills
Can operate independently under broad guidelines; has broad responsibility for planning, organizing and prioritizing work
Comfortable in providing analysis and recommendations in context of complex situations and problem solving, sometimes under time pressure
Confident and positive attitude, results-driven, high-energy, passionate person
Quantitative orientation, with requisite attention to detail
Ability to think through issues and problems, devise appropriate solutions (including ‘out of box’ and innovative approaches), and implement in timely manner 
Excellent cross culture communication skills, ability to prepare and present results of work effectively to various audiences both in writing and verbally
Strong organizational skills and ability to multitask
Superior time management abilities and capable of meeting deadlines
Well-developed sense of integrity and business ethics