Petroleum Economist Specialist

Position and Group: reporting to the Team Leader Business Terms & Regulations in Business Development Group.

Key Functions & Responsibilities:

 Lead and provide expert oversight on economic and fiscal evaluations of oil & gas assets, partnerships, joint ventures, service contracts and production sharing arrangements, ensuring alignment with national and corporate value objectives.

 Act as the subject matter authority on petroleum economics, fiscal systems, and contract economics across the full partnership lifecycle—from pre tender strategy to contract execution and post award performance monitoring.

 Set, review, and approve economic assumptions, fiscal structures, and valuation methodologies used in asset screening, benchmarking, and ranking processes.

 Direct the design, validation, and optimization of complex fiscal and economic models across multiple contract types (PSC, JV, concession, risk service, hybrid models with R Factor).

 Provide high level advice on state take optimization, partner economics, and fiscal risk balancing under varying market conditions and regulatory frameworks.

 Oversee scenario, sensitivity, and stress testing of economic models to assess resilience under oil price volatility, cost uncertainty, and policy changes.

 Shape pre tender fiscal strategies and commercial terms, advising senior management on competitive positioning and value maximization.

 Lead the economic and fiscal assessment of bids, including ranking of bidders and evaluation of commercial deviations during tender and negotiation phases.

 Serve as a lead economic advisor in negotiations with IOCs and strategic partners, supporting senior management in securing optimal and sustainable commercial outcomes.

 Review, endorse, and advise on drafting, amendment, and interpretation of T&Cs, ensuring economic integrity and long term value preservation.

 Champion best practices, lessons learned, and continuous improvement in petroleum economic modeling standards and governance.

 Mentor and provide technical guidance to Petroleum Economists and other commercial teams, enhancing organizational capability and consistency.

 Coordinate closely with senior stakeholders in business development, finance, regulation, legal, and strategy to ensure alignment and compliance with national policies and commercial objectives.

Minimum Requirements:

Educational Qualifications:

Essential: Bachelor’s degree in petroleum engineering, Economics, Finance, or a related discipline.

Preferred:

• Master’s degree in petroleum economics, Energy Economics, Finance, or MBA.

• Professional certifications or advanced training in petroleum fiscal systems, valuation, or energy economics.

Professional Experience:

• 20+ years as a practicing Petroleum Economist, with a substantial portion within the oil & gas industry, preferably including national and international partnerships.

• Demonstrated leadership in economic evaluation of large scale upstream portfolios, complex fiscal systems, and high value commercial negotiations.

• Extensive experience supporting or leading tendering processes, bid evaluations, and contract negotiations with major IOCs and strategic partners.

• Proven record of advising executive level stakeholders on economic strategy, fiscal risk, and value optimization.

Key Competences:

• Advanced negotiation and influencing skills, with ability to support senior management in high stakes commercial discussions.

• Exceptional analytical, critical thinking, and judgment capabilities applied to complex and ambiguous economic decisions.

• Strong risk management mindset, with ability to identify, quantify, and mitigate fiscal and economic risks at portfolio and asset levels.

• Strategic thinking with a long term value and sustainability perspective.

• Leadership, mentoring, and decision making under uncertainty.

Technical Competences:

• Proven experience in developing, reviewing, and approving sophisticated petroleum economic and fiscal models across multiple contractual regimes.

• Strong background in fiscal systems analysis, government take optimization, value sharing mechanisms, and economic benchmarking.

• Prior experience supporting or leading IOC negotiations, bidder ranking exercises, and commercial governance processes.

• Experience conducting advanced scenario analysis, sensitivity analysis, and economic stress testing under volatile market conditions.

• Excellent stakeholder management skills, with ability to bridge technical, commercial, financial, and regulatory perspectives.