A senior economic specialist should be able to perform an accurate analysis of the financial and economic status of each active/potential project of the company using valid and up-to-date analytical/statistical methods. They should assess the compliance of these conditions with the investment regulations in the exploration and production sector and align them with the strategic criteria of this sector.
Develop and update economic models tailored to each of the company's active and potential exploration and production projects.
Evaluate profitability indicators throughout the lifespan of each project, identify associated risks, and conduct relevant risk analysis.
Identify and activate key value drivers for each project to maximize its economic benefits.
Collaborate in the development and formulation of financial funding plans and optimization of the capital structure of each project to attract investors.
Analyze the company's financial statements; report on financial ratios and evaluate the company's cash flow to ensure the adequacy of financial resources required for project implementation.
Active collaboration during contract negotiations/participation with various stakeholders.
Collaborate in the formulation and updating of the assessment of economic reserves managed by the company based on existing standards (SPE, PRMS, etc.).
Monitor the status of global commodity markets, particularly Oil and Gas.
Requirements
Education:
At least a Bachelor's degree in Economics, Finance, Petroleum Engineering, or an MBA graduate.
Experience:
At least 5 years of work experience in the Oil industry and at least 2 years of experience in the financial and economic sector.
Knowledge and Skills:
Understanding various upstream Oil and Gas contracts and their economic mechanisms.