Petroleum Economics Specialist: Asset Value & PSC

Elsa Talent; Kuala Lumpur; On-site; MYR 120,000 - 190,000; Full time

Job summary

Elsa Talent in Kuala Lumpur is seeking a Senior Economic Analyst for upstream oil & gas economics. You will develop and maintain economic models for producing assets and new development projects, and evaluate the commercial viability of brownfield projects.

You will perform valuation analyses (NPV, IRR, breakeven, sensitivities), assess uncertainty, support capital allocation discussions, and collaborate with subsurface, wells, facilities, finance, and commercial teams to deliver clear

Qualifications

• Degree in Economics, Finance, Engineering or related discipline.
• Minimum 5 years' experience in upstream oil & gas economics or commercial roles.
• Experience with Malaysia PSC fiscal regimes is essential.
• Experience in asset evaluation and project economics.
• Advanced proficiency in Microsoft Excel and PowerPoint.
• Experience with industry-standard economic tools such as PEEP, Aries, PHDWin.
• 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.

Responsibilities

• 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.
• Support capital allocation discussions through comparative economic analysis.
• Contribute to business planning, budgeting, and portfolio reviews.
• Selective Opportunity Screening – evaluate near-field and incremental opportunities.
• 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.

Skills

Economic modelling

Excel

PowerPoint

Python/VBA

Sensitivity analysis

Uncertainty analysis

Communication

Teamwork

Education

Degree in Economics, Finance, Engineering or related discipline

Tools

PEEP

Aries

PHDWin

Job description

Elsa Talent in Kuala Lumpur is seeking a Senior Economic Analyst for upstream oil & gas economics. You will develop and maintain economic models for producing assets and new development projects, and evaluate the commercial viability of brownfield projects.

You will perform valuation analyses (NPV, IRR, breakeven, sensitivities), assess uncertainty, support capital allocation discussions, and collaborate with subsurface, wells, facilities, finance, and commercial teams to deliver clear