Economist

Petrofac
London - United Kingdom
S: Competitive

Petrofac is the largest UK-listed service provider to the international oil and gas industry, employing more than 18,000 employees around the world. We have more than 30 years' experience and a track record of several hundred projects spanning the oil and gas value chain: subsurface, asset management, field development, engineering, construction, operations, maintenance and training. Present in 31 countries and representing more than 80 nationalities, we work to achieve our vision: to become world's most admired oilfield service company.

Launched in 2011, Petrofac's Integrated Energy Services (IES) division harnesses Petrofac's broad range of capabilities to provide integrated services to oil & gas resource holders. IES works with customers to develop their resources either through the development of new fields or by enhancing production from mature reservoirs. The IES offering is characterised by commercial flexibility that ensures alignment with customers combined with differentiated execution strategies that deliver enhanced value.

This role sits within a small deal-focused team based at our corporate HQ in London, working on investments in joint ventures with partner organisations.

Scope of Responsibilities
Economic modeling and analysis, including risk analysis, feasibility study, structuring and financing. Responsibilities include delivering project full model, analysis and presentation, as well as assisting management in decision making process regarding projects under several different constructs.

Primary Duties
Interpret detailed risk based financial analysis, encompassing both the investment economics and its financial reporting
Application of the global upstream investment analysis methodology for growth projects and existing operational assets
Performing risk based economic evaluations to evaluate the feasibility of projects and facilitate the investment decision-making process, identify business drivers
Assist relevant Business Managers in formulating the required position papers in order to ensure that appropriate mandates are provided
Ensure effective and robust analysis with regards to due diligence in rollout of acquisition and merger strategies
Provide economic modeling and sensitivity analysis in order to fully understand and implement value drivers that could significantly enhance project returns
Examine and contextualise macro-economic risks for all projects
Co-ordinating formal assumptions reviews
Project managing the modeling activity
Developing scenarios and alternatives
Keeping abreast of developments on economic evaluation, taxation and fiscal terms, cost structures, product prices & hydrocarbon availability
Provide necessary input into MOUs, business model discussions, strategy, due diligence etc.

Job/Cost Impact
Strategic Implications: the individual will be involved with a variety of initiatives and projects which could have significant financial and / or strategic implications for IES business such as mergers and acquisitions, and new business development opportunities.
Other dimensions: the individual will be working closely with BD managers to help them achieve the best economic solution for their projects, as well as assist Finance manager in planning and forecasting
Competencies/Knowledge, Skills and Abilities

Technical Competencies
Strong analytical and numerical computer based modelling skills (in Microsoft excel), with familiarity of different fiscal regimes
Excellent knowledge of financial modelling
Excellent ability to model risk and sensitivity
Familiarity with different accounting and tax treatments
Familiarity with the oil and gas value chain and ability to continuously expand knowledge of industry
An overall strong business acumen and commercial awareness with excellent knowledge and technical skills in corporate & business strategy and economic analysis

Behavioural Competencies
Creative thinking
Capable of effectively and autonomously progressing business initiatives within a team environment
Strong inter-personal and communication skills and the ability to facilitate productive discussion and build relationships and influence across a wide range of internal and external stakeholders
Highly disciplined with close attention to detail
Ability to work constructively within a team environment or independently

Minimum Requirement
Graduate with economic training, accounting qualification also desirable
Excellent understanding of the upstream Energy sector
Excellent modelling skills in Excel
Excellent investment analysis and risk assessments
Proven track record in delivering projects
Office based role, primarily based in the UK but with international travel.

Job summary