Lead Petroleum Economist - Project Evaluation

Placements24; LegKraal Gate; Hybrid; ZAR 900,000 - 1,300,000; Full time

Benefits offered by this job

Bonus structure

Comprehensive benefits

Home office setup allowance

Flexible working hours

Remote, international collaboration

Job summary

Placements24 is seeking a Lead Petroleum Economist to join a fully remote team. You will develop and manage economic models for oil and gas projects, assess risks, and inform investment decisions across a global portfolio.

The ideal candidate has a Master's in Economics/Finance and 8+ years in petroleum economics, with proficiency in Aries, DSS, and advanced Excel. Remote work offers flexible hours and international collaboration.

Qualifications

• Master's degree required or equivalent in Economics, Finance, or related field.
• 8+ years of experience in petroleum economics or financial analysis in Oil & Gas preferred.
• Proficiency with economic modeling software (Aries, DSS) and advanced Excel essential.

Responsibilities

• Develop comprehensive economic models for oil and gas projects, including fiscal terms, operating costs, and capex.
• Perform sensitivity and risk analysis to assess uncertainties and outcomes.
• Evaluate financial implications of different development scenarios and strategic options.
• Provide expert economic input for portfolio management and investment planning.
• Stay updated on global energy markets, pricing trends, and regulatory changes affecting project economics.
• Collaborate with commercial, subsurface, and finance teams to deliver robust evaluations.

Skills

Advanced Excel

Monte Carlo simulations

Economic modeling

Financial analysis

Education

Master's degree in Economics, Finance, or related quantitative field

Tools

Aries

DSS

Job description

About the Role

Our client is seeking a highly analytical and strategic Lead Petroleum Economist to join their fully remote team, responsible for evaluating the economic viability of exploration and production projects within the global Oil & Gas sector. This critical role involves developing financial models, assessing project risks, and providing expert economic advice to support investment decisions. You will work closely with subsurface and commercial teams to ensure that all projects meet the company's financial objectives and contribute to long-term value creation. This is an exceptional opportunity for a seasoned economist to leverage their expertise in a remote capacity, influencing high-stakes business decisions.

Key Responsibilities

• Develop and manage comprehensive economic models for oil and gas projects, including fiscal terms, operating costs, and capital expenditures.
• Perform sensitivity and risk analysis to assess project uncertainties and potential outcomes.
• Evaluate the financial implications of different development scenarios and strategic options.
• Provide expert economic input for portfolio management and investment planning.
• Stay updated on global energy markets, pricing trends, and regulatory changes impacting project economics.
• Collaborate with commercial, subsurface, and finance teams to deliver robust project evaluations.

Requirements

• Master's degree in Economics, Finance, or a related quantitative field.
• Minimum of 8 years of experience in petroleum economics or financial analysis within the Oil & Gas industry.
• Proficiency in economic modeling software (e.g., Aries, DSS) and advanced Excel skills.
• Strong understanding of oil and gas fiscal regimes, contracts, and valuation methodologies.
• Experience with risk assessment techniques, including Monte Carlo simulations.
• Excellent analytical, communication, and presentation skills, essential for a remote role.

Benefits

• Highly competitive salary and performance-based bonus structure.
• Comprehensive benefits package, including health, retirement, and life insurance.
• Generous home office setup allowance and IT support.
• Flexible working hours and the ability to work from any location.
• Opportunity to shape investment strategy for a dynamic Oil & Gas company from your remote base near Mahikeng.