Senior Petroleum Economist

Placements24; Sandton; Hybrid; ZAR 1,400,000 - 1,900,000; Full time

Benefits offered by this job

Hybrid work model

Competitive salary & annual bonus

Health, dental & life insurance

Job summary

Placements24 in Sandton seeks a Senior Petroleum Economist to provide economic analysis and strategic guidance for exploration, development and production projects in the Oil & Gas sector. You will evaluate project viability, manage financial risk, and influence investment decisions through rigorous modeling and forecasting.

The role requires a Master’s degree in a quantitative field and 6+ years of industry experience, with proficiency in Aries/DSS and advanced spreadsheet skills.

Qualifications

• Master's degree in a quantitative field such as Economics or Finance.
• At least 6 years in economic analysis within Oil & Gas.
• Proficiency with Aries, DSS, and advanced spreadsheet skills.

Responsibilities

• Develop economic models (NPV, IRR, payback) for oil & gas projects.
• Forecast market prices and assess geopolitical risks.
• Evaluate exploration, development, and acquisition viability.
• Provide input for budgets, reserves, and strategic decisions.
• Collaborate with geologists and engineers for data input.

Skills

Economic analysis

Financial modeling

Market forecasting

Education

Master's degree in Economics/Finance

Petroleum engineering (related field)

Tools

Aries

DSS

Advanced spreadsheets

Job description

About the Role

Our client is seeking a strategic Senior Petroleum Economist to join their team in Sandton. This role is crucial for providing economic analysis and strategic advice on exploration, development, and production projects within the Oil & Gas sector. You will be responsible for evaluating project viability, managing financial risks, and contributing to investment decisions through rigorous economic modeling and forecasting. This position offers an excellent opportunity to leverage your expertise in financial analysis and market dynamics to influence key business strategies in a challenging and rewarding industry.

Key Responsibilities

• Develop and execute economic models for oil and gas projects, including NPV, IRR, and payback analysis.
• Conduct market analysis, forecasting oil and gas prices, and assessing geopolitical risks.
• Evaluate the economic feasibility of exploration, development, and acquisition opportunities.
• Provide economic input for budget planning, reserve reporting, and strategic decision-making.
• Collaborate with technical teams (geologists, engineers) to ensure accurate input data for economic evaluations.
• Prepare and present economic reports and recommendations to senior management.

Requirements

• Master's degree in Economics, Finance, Petroleum Engineering, or a related quantitative field.
• Minimum of 6 years of experience in economic analysis within the Oil & Gas industry .
• Proficiency with economic modeling software (e.g., Aries, DSS) and advanced spreadsheet skills.
• Strong understanding of petroleum economics, fiscal regimes, and financial risk management.
• Excellent analytical, quantitative, and communication skills.
• Experience with commodity price forecasting and market analysis is essential.

Benefits

• Competitive salary and annual performance bonus.
• Comprehensive health, dental, and life insurance.
• Pension scheme and other retirement benefits.
• Opportunities for professional development and industry certifications.
• Hybrid work model providing flexibility between office and remote work.