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.
Responsibilties
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.
Job Requirements
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.