Job Description

Principal/Senior Petroleum Economist Location: Johannesburg Salary: Neg Our Client is currently seeking a Principal/Senior Petroleum Economist to join their team. The successful Candidate is expected to independently compile and produce risk based business and economic evaluations for existing operations and new business ventures in order to support operational and strategic decisions for the company. Skills / Edu / Exp Qualifications and expertise required (A Must) B Degree in engineering, economics or finance (must) Investment analysis expertise Business Qualification MBA or related Masters degree will be an added advantage Building and maintaining effective networks A fundamental understanding of the energy sector and key global trends Remaining abreast of developments in the field of project economic evaluation Integration of risks into economic evaluation to support decision-making Personal attributes Strong analytical and numerical/computer modelling skills In depth knowledge and experience of economic modelling Assertiveness and business acumen Ability to work independently and work within a matrix team Ability in lateral and integrative thinking Sound judgement and tolerance for ambiguity An ability to challenge paradigms Excellent influencing, inter-personal skills and building partnerships Good conceptual and integrative thinking Good Communicator Specific experience required At least 6 years relevant working experience preferably in two or more of the following areas: operations, technical, business analysis, financial, commercial Experience in petrochemical and or upstream gas & oil industry Duties Required outputs: Functional Application of the global upstream investment analysis methodology Develop and agree assumptions with due input from the various functional specialists Performing risk based economic evaluations to evaluate the economic feasibility of upstream projects thereby facilitating the investment decision-making process alignment to the business drivers Thorough understanding and modelling of Production Sharing Contracts and Tax Royalty regimes Play a key role in the statutory reporting of the companys unconventional hydrocarbon reserves. Build, update and maintain models for statutory reporting Provide economic modeling and sensitivity analysis in order to fully understand and implement value drivers that could significantly enhance project returns for both the upstream value chain Examine and contextualize macro-economic risks of key projects Preparation and interpretation of economic results to ensure the required position papers for appropriate mandates are achieved Co-ordinating formal assumptions reviews and sign-offs and compiling the assumption documents Liaising with project financing advisers & tax advisers Ensuring alignment and integration between the upstream and downstream value proposition; Economic evaluation and model integration of Upstream and projects Developing economic model sensitivities, alternative scenarios and decision tree analysis Provide negotiation support for the Commercial team