Economist

JAB Recruitment; Uxbridge; On-site; GBP 65,000 - 95,000; Full time

Job summary

JAB Recruitment is seeking an experienced Petroleum Economist to support a major operator in the UK energy sector. You will deliver economic evaluations and contribute to investment decisions across development, brownfield, decommissioning and strategic opportunities.

The role requires expert knowledge of the UK oil & gas fiscal regime, strong economic modelling skills, and the ability to present analyses to senior leadership and JV partners.

Qualifications

• Strong experience completing UK oil & gas economic evaluations.
• Expert knowledge of the UK oil & gas fiscal regime.
• Experience as Economist within multidisciplinary project evaluation teams.
• Strong economic modelling experience; able to review others' work.
• Experience supporting commercial evaluations, tariff/cost-share negotiations, and Decommissioning Security Agreements.
• Exposure to Geology & Geophysics, Reservoir Engineering, Facilities Engineering and Planning.
• Excellent stakeholder management and ability to communicate to senior leadership.
• Strong presentation and communication skills.

Responsibilities

• Delivering economic evaluations for investment opportunities across the UK.
• Supporting development, brownfield, decommissioning and other strategic projects.
• Presenting economic analysis to Joint Venture partners.
• Supporting project Gate Reviews and preparing associated Gate documentation.
• Providing economic input into project approvals, Strategic Plans and annual Work Programme & Budget processes.
• Supporting impairment and reserves reviews and Decommissioning Security Agreements.
• Participating in Peer Reviews and identifying requirements for Economics Peer Assists.
• Completing economic lookbacks on major expenditure to assess value creation and capital efficiency.
• Supporting commercial analysis, including tariff and cost-sharing negotiations.
• Supporting wider planning activities and ad hoc economic analysis as required.

Skills

Petroleum Economist

Economic modelling

Stakeholder management

Senior leadership communication

Tariff & cost-sharing negotiations

Job description

We are currently recruiting for an experienced Petroleum Economist to support a major operator within the UK energy sector.

This is an excellent opportunity for an established Economist with strong knowledge of the UK oil & gas fiscal regime and experience delivering economic evaluations across development, brownfield, decommissioning and strategic investment opportunities.

Key Responsibilities

You will play a key role in supporting investment and business planning activities, including:

• Delivering economic evaluations for investment opportunities across the UK.
• Supporting development, brownfield, decommissioning and other strategic projects.
• Presenting economic analysis to Joint Venture partners.
• Supporting project Gate Reviews and preparing associated Gate documentation.
• Providing economic input into project approvals, Strategic Plans and annual Work Programme & Budget processes.
• Supporting impairment and reserves reviews and Decommissioning Security Agreements.
• Participating in Peer Reviews and identifying requirements for Economics Peer Assists.
• Completing economic lookbacks on major expenditure to assess value creation and capital efficiency.
• Supporting commercial analysis, including tariff and cost-sharing negotiations.
• Supporting wider planning activities and ad hoc economic analysis as required.

What We're Looking For

We are looking for an experienced Petroleum Economist who can demonstrate:

• Strong experience completing UK oil & gas economic evaluations.
• Expert knowledge of the UK oil & gas fiscal regime.
• Previous experience working as the Economist within multidisciplinary project evaluation teams.
• Strong economic modelling experience, including the ability to review the work of other Economists.
• Experience supporting commercial evaluations, including tariff/cost-share negotiations and Decommissioning Security Agreements.
• Exposure to Geology & Geophysics, Reservoir Engineering, Facilities Engineering and Planning.
• Excellent stakeholder management skills, with the confidence to communicate economic analysis to senior leadership.
• Strong presentation and communication skills.