Petroleum Economist - Remote Analysis

Placements24; Riverton (UT); Remote; USD 120,000 - 190,000; Full time

Benefits offered by this job

Fully remote work arrangement

Competitive salary and bonuses

Health, dental, vision insurance

Professional development opportunities

Opportunity to influence strategic oil

Job summary

Placements24 is seeking a highly analytical Petroleum Economist who can work remotely in the United States. You will build advanced economic models, analyze risk, and forecast investment profitability for oil and gas projects.

Collaboration with geoscientists, engineers, and management will drive strategic decisions and resource allocation. The candidate should have a Master’s in Economics (or related field) with 7+ years in petroleum economics or financial analysis, strong modeling skills, and

Qualifications

• 7+ years of petroleum economics or financial analysis experience.
• Master's degree in Economics or related quantitative field.
• Proficiency with Excel and modeling tools.
• Strong analytical, quantitative, and communication abilities.
• Solid understanding of upstream petroleum economics and drivers.

Responsibilities

• Develop and maintain economic models (NPV, IRR, payback) for oil & gas projects.
• Perform sensitivity and risk analyses to gauge profitability.
• Assess investment strategies based on market outlooks.
• Assist in budgets and forecasts for exploration/production.
• Provide economic input for reserve reporting and asset valuation.
• Track global energy trends and commodity prices affecting economics.

Skills

Financial modeling

Risk assessment

Economic evaluation

Analytical skills

Quantitative abilities

Communication skills

Petroleum economics

Upstream knowledge

Education

Master's degree in Economics

Tools

Excel

Economic modeling software

Job description

About the Role

Our client is seeking a highly analytical Petroleum Economist to join their team with a fully remote work arrangement. This role is instrumental in evaluating the economic viability of exploration, development, and production projects within the oil and gas sector . You will conduct detailed financial modeling, risk analysis, and forecasting to support strategic investment decisions. The ideal candidate possesses a strong understanding of petroleum economics, financial markets, and the complexities of the energy industry. You will collaborate with geoscientists, engineers, and management to provide robust economic insights that drive profitable growth and optimal resource allocation. This is an exceptional opportunity to leverage your economic expertise from a remote setting and significantly influence project success.

Key Responsibilities

• Develop and maintain sophisticated economic models for oil and gas projects, including NPV, IRR, and payback period analysis.
• Conduct sensitivity and risk analysis to assess the impact of various economic and operational variables on project profitability.
• Evaluate and recommend investment strategies based on rigorous economic assessments and market outlooks.
• Assist in the preparation of budgets and forecasts for exploration and production activities.
• Provide economic input for reserve reporting and asset valuation.
• Stay abreast of global energy market trends, commodity prices, and their impact on project economics.

Requirements

• Master's degree in Economics, Finance, Engineering, or a related quantitative field.
• Minimum of 7 years of experience in petroleum economics or financial analysis within the oil and gas industry .
• Proven expertise in financial modeling, risk assessment, and economic evaluation techniques.
• Strong understanding of petroleum upstream business processes and economic drivers.
• Proficiency with relevant software tools (e.g., Excel, specialized economic modeling software).
• Excellent analytical, quantitative, and communication skills, with the ability to present complex information clearly in a remote context.

Benefits

• Highly competitive salary and performance-based bonuses.
• Fully remote work opportunity, offering unparalleled flexibility.
• Comprehensive health, dental, and vision insurance package.
• Support for professional development and continuing education.
• Opportunity to contribute to strategic decision-making in a leading energy company.