D1b88ac3

Economist

  • Location:

    Basrah, Iraq

  • Sector:

    Oil & Gas

  • Contact:

    Susan Rafat

  • Job ref:

    2280

  • Published:

    18 days ago

  • Expiry date:

    2021-07-06

MSELECT is looking to hire an Economist for an international oil and gas operator in Basrah. Candidate’s must have a minimum of 6 years of experience in a related field working in the energy sector and be fluent in English.

 

Reporting to

  • Planning Manager

Job Objective

Produce asset valuations at the exploration, appraisal and development stages by carrying out detailed economic analysis. Provide management with the necessary information to make informed decisions and extract the highest value possible from company and deliver growth targets.

Key Accountabilities

Opportunity Framing

  • Assist the Planning Manager in evaluating the company asset with inputs from the technical, Operations and Financial departments and follow up with screening sessions and recommendations
  • Assist the Planning Manager in identifying upside opportunities that fit within company strategic plan i.e. synergies with nearby assets, contract changes, coordination across departments on exploration potential etc.
  • Monitor the oil and gas industry with the focus being Iraq/Middle East to assess the political, regulatory, legal and economic environment which presents potential business opportunities for the company

Research

  • Conduct research for oil and gas opportunities and carry out internal scoring to assess the potential of opportunities in alignment with company portfolio and corporate strategy
  • Support department seniors in maintaining country and market awareness with respect to targeted opportunities and keep them up to date on developments concerning company

Modelling

  • Develop and maintain company standard economic models for Iraq or use more generic models and templates to analyze potential new business development opportunities
  • Working with the Planning Team determine the monthly cash position of the assets as required for the Budget and short-term forecast
  • Working with the project technical teams’ Operational teams carry out year ending reserves and resource Economics and as required to meet the requirements of company reserves and resources Manager

Policies, Systems, Processes and Procedures

  • Contribute to the identification of opportunities for the continuous improvement of systems, processes and practices to increase productivity and operational efficiency
  • Follow all relevant policies, processes, procedures and instructions so that work is carried out in a controlled and consistent manner

Health, Security, Safety and Environment

  • Follow all relevant company’s health, security, safely and environmental policies, processes, procedures and instructions to ensure health and safety compliance in all aspects of works by applying them on self, others and corporate assets

Reporting and Analysis

  • Contribute to the preparation of timely and accurate analysis and report for the departments as required
  • Contribute to the company’s economic assumptions by supplying yearly prices ad analysis on the project sales prices SOMO v Brent or any other relevant marker
  • Work with the technical and operational teams to understand exploration appraisal, development and operational cost price escalation trends
  • Carry out AFE economics to ensure alignment with the budget and assist in the relocation of funds where required
  • Work with the technical teams to carry out economics look back reporting analysis

Communications & Working Relations

Internal

  • Portfolio Management & Business Development
  • Planning
  • Operations
  • Technology
  • Finance

External

  • Market Research Agencies
  • Government Bodies
  • JV Partners

Decision Making Authority

The job holder must refer to the Planning Manager to act and make decisions on all business matters taking into consideration company policies and procedures

The job holder exercises financial and operational authority as per the level established by the company management and stipulated in the authority matrix

Qualifications, Experience & Skills

Minimum Qualifications

  • Bachelors degree in Business Administration, Finance, Accounting or equivalent in any field related to job requirement
  • MBA preferred

Minimum experience

  • Minimum 6 years of experience in a related field
  • Working in the energy sector is preferred

Job-Specific Skills

  • O&G Business Understanding
  • Economic assessment of O&G assets
  • Economic metrics
  • Cashflow modeling
  • Decisions tree – Tornado analysis
  • Deterministic and Probabilistic analysis
  • O&G Commercial Skills
  • Asset Opportunity Identification and Maturation Tools and Concepts
  • Market/Country Intelligence
  • Asset Planning and Performance Management
  • Computer Software literacy
  • Organizational awareness
  • Teamwork
  • Planning & Organizing
  • Problem solving & decision making
  • Government and JV Partner Focus

Other Job Requirement

  • Travel may be required outside of Iraq

*Only applicants meeting the strict criteria outlined above will be contacted as part of the shortlisting process