Senior Economist

PETROS; Kuching; Hybrid; MYR 180,000 - 320,000; Full time

Benefits offered by this job

Healthcare

Retirement plans

Paid leave

Career development

Job summary

PETROS in Malaysia is seeking a curious, analytical economist to perform economic valuations across oil, gas, and energy ventures. You will build robust models, interpret fiscal and commercial terms, and translate data into investment insights to support decision-making.

The role spans upstream PSC structures, infrastructure, and emerging opportunities, requiring collaboration with senior management and multi-disciplinary teams throughout the investment lifecycle.

Qualifications

• Bachelor’s degree or higher in a relevant field.
• Minimum 8 years of experience in the field or industry.
• Strong analytical and problem-solving capabilities.

Responsibilities

• Perform economic valuations and provide actionable insights on investment opportunities.
• Develop and review fit-for-purpose economic models in Excel or similar tools.
• Analyse commodity prices and market trends to deliver insights.
• Review financial statements to enhance cash flow projections.
• Support negotiations through sensitivity/scenario analysis.
• Collaborate with multidisciplinary teams across the investment lifecycle.
• Ensure consistency in valuation processes and guidelines.

Skills

Economic analysis

Financial modelling

DCF analysis

Data interpretation

Advanced Excel

Education

Bachelor’s degree in Engineering, Economics or Finance

Tools

Excel

PowerPoint

Word

Job description

At PETROS, we aim to achieve sustainable development for Sarawak and the nation through responsible resource management. We embarked on this journey with a purpose:Harnessing Resources for the Sustainable Progress of Sarawak and Beyond. Through innovation, collaboration and a forward-thinking approach, PETROS aims to pioneer solutions that pave the way for a more sustainable and equitable energy future.

Position Overview:

We are looking for a curious, analytical and commercially minded professional who enjoys solving complex business problems with data, structured thinking and sound judgement.

In this role, you will perform economic analysis and valuation across oil, gas and energy-related businesses by developing robust economic models based on technical and commercial data, and translate the analysis into insights that support investment decisions, business planning and portfolio optimisation. This is broader than a traditional economist role.

You will work at the intersection of strategy, finance, engineering and commercial decision-making, helping senior management evaluate investments and make better-informed business decisions. The scope spans upstream oil and gas, gas infrastructure, power generation and emerging energy opportunities. You will work closely with multidisciplinary teams and senior management across the investment lifecycle.

Key Responsibilities:

• Perform economic valuations and provide actionable insights on investment opportunities and proposals to Business, Asset, Commercial and Business Development teams, supporting informed decision-making and negotiations.
• Develop, maintain and review fit-for-purpose economic models of varying complexity in Excel or similar commercial software, based on sound interpretation of fiscal, legal and commercial terms. This ranges from Upstream Production Sharing Contracts (PSC) to infrastructure and power generation projects.
• Analyse commodity prices (oil, gas, LNG, LPG, etc.) and market trends to deliver pricing insights.
• Analyse audited financial statements and other financial information to enhance cash flow projections and ensure alignment with financial realities.
• Validate, structure and assess technical and commercial inputs prior to valuation to ensure data quality and traceability.
• Support commercial negotiations for investment opportunities and sales agreements through sensitivity/scenario analysis.
• Work closely with multi-disciplinary teams to evaluate development concepts and assess risks, value drivers and trade-offs.
• Promote consistency and clarity in economic valuations by implementing, refining and communicating economic evaluation processes and guidelines.

Qualifications & Experience:

• Bachelor’s degree or higher in Engineering, Economics, Finance or a closely related discipline.
• Minimum 8 years of working experience in the relevant field or industry.
• Strong analytical and problem-solving capability with evidence of solving complex problems.
• Experience in in financial modelling, discounted cash flow analysis and cost benefit analysis.
• Experience in oil and gas or Upstream PSC structures (including cost recovery mechanism, fiscal terms, commercial elements, cost and production) would be an advantage.
• Proficient with Microsoft Office, particularly PowerPoint and Word, with advanced Excel skills and demonstrated ability to build and maintain models.
• Relevant professional background in one or more of the following areas:
• Economics or economic analysis
• Management or strategy consulting
• Corporate strategy
• Investment or transaction advisory
• Corporate finance or financial analysis
• Commercial analysis
• Petroleum, reservoir, process or other engineering disciplines
• Energy or infrastructure consulting
• Data analytics with strong business exposure

What We Offer:

• A dynamic and inclusive work environment that fosters growth and innovation.
• Competitive compensation and benefits package, including healthcare, retirement plans, paid leave etc.
• Opportunities for professional development and career advancement within a global organization.
• The chance to be part of transformative projects that impact Sarawak and beyond.

Application Deadline: 15 October 2026

Petroleum Sarawak Berhad – PETROS, is an integrated player throughout the oil and natural gas value chain, we are committed to harnessing our resources for the sustainable progress of Sarawak. We will leverage our lean and rapidly growing team to deliver on our value creation strategy and footprint ambitions. Core to the way we build our business – Safety is priority #1, ethical business practices and sustainable, responsible growth.

Please visit our corporate website www.petroleumsarawak.com for any vacancies.

Petroleum Sarawak Berhad – PETROS, is an integrated player throughout the oil and natural gas value chain, we are committed to harnessing our resources for the sustainable progress of Sarawak. We will leverage our lean and rapidly growing team to deliver on our value creation strategy and footprint ambitions. Core to the way we build our business – Safety is priority #1, ethical business practices and sustainable, responsible growth.

Please visit our corporate website www.petroleumsarawak.com for any vacancies.