High-quality economic models, analyses, and interpretations;
Provide commercial advisory support throughout the evaluation and negotiation processes;
Identify, define, and assess key economic and commercial parameters and sensitivities;
Translate analytical outputs into clear, actionable business insights.
Economic model shall consist of;
Project Economic Analysis
Project returns on the selected development concepts at field life (Base Case vs. options IRR, NPV, assumptions)
Incremental project returns for IOR/EOR projects at field life
CAPEX Estimate (+/-30%) - Facility and well cost estimate
Unit Development Cost (UDC) ($/BBL) - Cost estimate and basis
Unit Production Cost (OPEX /Production) ($/BBL) - Cost estimate and basis
Unit Technical Cost (UTC) ($/BBL) - Cost estimate and basis
Abandonment/Decommissioning - Timing/schedule, the cost estimate for decommissioning of facilities and abandonment of wells
Requirement
Degree in Economics or Petroleum Engineering or any equivalent from an accredited institution;
Minimum of eight (8) years working experience as a petroleum economist in oil and gas industry. Shall have experience in a minimum of three (3) Field Development Plan (FDP) or Full Field Review (FFR) projects.
