Senior Economist

Petroleum Sarawak; Kuching; On-site; MYR 180,000 - 300,000; Full time

Benefits offered by this job

Healthcare

Retirement plans

Paid leave

Job summary

PETROS in Malaysia seeks a curious, analytical and commercially minded professional to perform economic analysis and valuation across oil, gas and energy businesses. You will develop robust economic models, translate insights for investment decisions, and support portfolio optimisation across upstream, infrastructure and power projects.

You will work at the intersection of strategy, finance, engineering and commercial decision-making, engaging with senior management through the investment

Qualifications

• Bachelor’s degree or higher in Engineering, Economics, Finance or 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 financial modelling, discounted cash flow analysis and cost benefit analysis.
• Experience in oil and gas or Upstream PSC structures would be an advantage.
• Proficient with Microsoft Office, particularly PowerPoint and Word, with advanced Excel skills.

Responsibilities

• Perform economic valuations and provide actionable insights on investment opportunities and proposals to multiple teams.
• Develop, maintain and review fit-for-purpose economic models in Excel or similar software.
• Analyse commodity prices and market trends to deliver pricing insights.
• Analyse audited financial statements to enhance cash flow projections.
• Validate, structure and assess technical and commercial inputs prior to valuation.
• Support commercial negotiations for investment opportunities and sales agreements.
• Work with multi-disciplinary teams to evaluate development concepts and risks.

Skills

Economic analysis

Financial modelling

Discounted cash flow analysis

Cost benefit analysis

Valuation

Analytical problem solving

Data analytics

Education

Bachelor’s degree or higher in Engineering, Economics, Finance or related

Tools

Excel

PowerPoint

Word

Job description

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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.