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  • Job reference: RMS0134461


  • Sector: Oil & Gas
  • Location: Aberdeen
  • Job type: Permanent
  • Date posted: 10/02/2014
  • Time left:
    d h m s
This vacancy has now expired.
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The Company:
With interests in over 20 UK Continental Shelf (UKCS) fields, my Client has one of the most significant exploration and production businesses in the offshore waters of the UK.

The Role:
You will prepare Economic Analysis for Offshore Europe's Operated Assets and present insights to OE Management and to Joint Venture partners as well as provide guidance on the formulation and delivery of strategy and on commercial decision making.

This role is an integral part of the Operated Business Development team, contributing to the development of strategies and tactics to win deals were you will be required to:

- Respond to questions from Joint Venture partners and put forward the Company's point of view.
- Undertake the Business Planning, Opportunity Screening, PRI, Reserves Reporting and other corporate processes for assigned licences.
- Prepare all economic submissions for assigned licences.
- Take account of interaction between the different business units in the asset.
- Identify and quantify key factors in project value and identify the optimum approach to proposed projects.
- Support negotiations with government and co-venturers.
- Support contractual commerial obligations in relation to tariffing, capacity bookings overlays with economics.

Key Accountabilities

Every individual has a duty to both themselves and those around them to ensure that safe practice is adhered to at all times. In addition to any specific accountabilities for HSSE, all managers are accountable for HSSE within their area of the Business and are responsible for ensuring that their team adopt exemplary HSSE behaviours.


- Prepare all Economic Analysis on assets assigned to the jobholder, including for Business Planning and all other corporate reporting processes.
- Decide how each piece of analysis should be delivered and should seek linkages between different assets.
- Deliver advice and guidance on what may be risky or complex decisions.
- Contribute to asset strategy.
- Prepare and deliver presentations to Joint Venture partners.
- Economic Evaluation and detailed audit of value – including tariff value.
- Design most appropriate way to present the information to management and Group Executive papers.
- Perform Economic Analysis for Investment Papers and write Economics section.
- Improve existing PEEP and Excel models where necessary in consultation with the Economics Manager - Offshore Europe.
- Provide analytical support for, and add value to, the upstream assets as they put substantial investment in further exploration and development work

Essential Skills / Qualifications:
• Degree in a numerate discipline or equivalent.
• Strong understanding of technical aspects of Exploration & Production.
• Experience in building, maintaining and using complex PEEP, Excel and CASH and PLAN models and software.
• Experience of the Reserve Reporting process
• Strong familiarity with appraisal techniques and approvals process.
• Experience of UK or other upstream fiscal / tax regimes.
• Comfortable with more risky and complex decisions.
• Good understanding of financial reporting, tax and project financing.
• Strong analytic and diagnostic skills. Understanding of which real life business decisions are likely to create or destroy value.
• Good understanding of economics, risk and forecasting.
• Calm, resilient and efficient in dealing with colleauges and co-verturers, and open to learning and new ideas.
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