Petroleum Economist

Placements24; LegKraal Gate; Hybrid; ZAR 1,488,000 - 2,149,000; Full time

Benefits offered by this job

Competitive salary

Annual bonus

Fully remote

Health insurance

Dental insurance

Vision insurance

Paid time off

Home office stipend

Job summary

Placements24 is seeking a highly analytical Petroleum Economist to join its strategic planning team in a fully remote role. You will evaluate the economic viability of exploration and production projects, develop robust financial models, and translate complex data into actionable recommendations to support senior decision-makers across the energy business.

The ideal candidate holds a master’s degree in Economics, Finance, Petroleum Engineering or a related quantitative field, with at least five

Qualifications

• Master's degree in Economics, Finance, Petroleum Engineering, or a related quantitative field.
• Minimum 5 years of experience in petroleum economics, financial analysis, or economic evaluation within Oil & Gas.
• Proficiency in economic modeling software (e.g., Aries, DSS) and advanced spreadsheet skills.
• Strong understanding of financial concepts, investment appraisal techniques, and risk management.
• Exceptional analytical, quantitative, and communication skills, enabling effective remote collaboration.

Responsibilities

• Develop and maintain economic models for evaluating exploration, development, and production projects.
• Conduct sensitivity and risk analyses to assess project uncertainties and potential financial outcomes.
• Analyze market trends, commodity prices, and geopolitical factors impacting the energy sector.
• Prepare economic evaluations, reports, and presentations for senior management and stakeholders.
• Provide economic input for business development activities, mergers, and acquisitions.

Skills

Economic modeling

Financial analysis

Quantitative analysis

Remote collaboration

Education

Master's degree in Economics, Finance, Petroleum Engineering, or related field

Tools

Aries

DSS

Job description

About the Role

Our client is seeking a highly analytical Petroleum Economist to join their strategic planning team, with this role being fully remote. You will be instrumental in evaluating the economic viability of exploration and production projects, developing financial models, and providing economic insights to support decision-making. This position requires a deep understanding of the Oil & Gas market dynamics, financial principles, and the ability to translate complex data into actionable business recommendations. This is an excellent opportunity for an expert economist to contribute to significant projects from anywhere.

Key Responsibilities

• Develop and maintain economic models for evaluating exploration, development, and production projects.
• Conduct sensitivity and risk analyses to assess project uncertainties and potential financial outcomes.
• Analyze market trends, commodity prices, and geopolitical factors impacting the energy sector.
• Prepare economic evaluations, reports, and presentations for senior management and stakeholders.
• Provide economic input for business development activities, mergers, and acquisitions.

Requirements

• Master's degree in Economics, Finance, Petroleum Engineering, or a related quantitative field.
• Minimum of 5 years of experience in petroleum economics, financial analysis, or economic evaluation within the Oil & Gas industry.
• Proficiency in economic modeling software (e.g., Aries, DSS) and advanced spreadsheet skills.
• Strong understanding of financial concepts, investment appraisal techniques, and risk management.
• Exceptional analytical, quantitative, and communication skills, enabling effective remote collaboration.

Benefits

• Competitive salary and performance-based annual bonus.
• Fully remote work arrangement, offering significant flexibility and autonomy.
• Comprehensive health, dental, and vision insurance coverage.
• Generous paid time off and a home office stipend.
• Opportunity to influence strategic decisions for a leading energy company, regardless of location.