ECONOMIST

MAIN FUNCTION

To conduct economic evaluations and financial analysis of E&P projects, exploration and appraisal activities, new business opportunities, reserves, budgets, and long-term planning; develop and maintain economic models; and provide accurate economic assessments and recommendations to support project sanctioning, investment decisions, and strategic business planning.

TASK AND RESPONSIBILITIES

• Actively participate in delivering annual planning exercises: the E&P Long Term Plan, Budget, PRIME reserves calculation, Exploration & Appraisal budget, ASC932 Cash Flow reporting to the US stock exchange, etc.
• To carry out economic studies of development projects, exploration wells, new business deals, project sanction dossiers.
• To present and explain the results of economic studies to the Group’s decision authorities (i.e. Company management, CDEP, BR, COVAL, CORISK/COMEX).
• Maintain the economic model and the modelling recap with any changes regarding the economic environment.
• Prepare and maintain the Fiscal Summary Sheet of assets in charge with annual update.
• Develop improved interfaces with technical and financial entities to improve quality and deliverability of economic analysis.
• Take the lead in the development, audit and validation Microsoft Excel tools/models used for economic evaluations.
• Keep abreast of new approaches and proposed alternative approaches to economic studies.
• Deliver an economic assessment key to influence decision-making at the company level (COMEX).
• Deliver regular economic assessments to impact daily operations at the company level.
• Deliver business long-term plans, reserve evaluation exercises, and support finance on budget exercises.
• Ensure economic models are up to date with the latest fiscal regulation and comply with internal methodology.
• Develop economic models when necessary.
• Contribute to the continuous improvement of economic models used by the company.
• Explain to key Company stakeholders and sometimes company-level economic results in a concise and simple fashion.

SKILLS AND QUALIFICATIONS

• Bachelor’s Degree or equivalent in Economics, Finance, Engineering, or a related discipline.
• Relevant professional qualification is an added advantage.
• Strong experience in Microsoft Excel and economic modelling.
• Proficiency in Microsoft Excel/VBA and high computer literacy.
• Strong numerical, analytical, and attention-to-detail skills.
• Upstream oil & gas experience is preferred but not mandatory.
• Strong synthesis, communication, and analytical skills.
• Ability to present clear and concise messages and escalate key issues to senior management.
• Ability to work under tight deadlines and manage multiple priorities.