Location: The Gulf States

Company: International Energy Company

Due to expansion in activities and recent asset acquisitions, an International Energy Company is seeking to resource a Senior Petroleum Economist.

Based in the Gulf States, the appointee will be assigned to International Business Teams which may also necessitate undertaking International Business Trips to Worldwide Regional Offices.

This is a newly created key role within the organisational structure.

Summary of Role

• Assume responsibility for reviewing and compiling risk based business and economic evaluations for new integrated business ventures in order to support and assist strategic decisions for the Company.
• Prepare financial and economic modeling of the Company's new venture E&P projects, coordinate project inception up to project sanction / board approval, provide financial and economic expert guidance towards constructing project bids, prepare comprehensive portfolio planning and business analysis services necessary to support upstream strategic business plans.
• 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.
• Keeping abreast of developments on economic evaluation, taxation and fiscal terms, cost structures product prices and hydrocarbon availability.
• Responsible for leading efforts in assuring economic, financial and strategic integrity to all resource allocation and investment decisions in multi-disciplinary team based environment.
• Provide project appraisal services and ensure Economic Assumptions and forecasts (price, inflation, interest, exchange rate, Company's Discount Rate against the current cost of capital, business risk in each country) are updated.
• Mentoring / Training of junior staff

Required Experience / Qualifications / Attributes

• University Degree in Economics, Engineering or Business Administration.
• Substantial experience in the economic function in the E&P business of which the last 3-4 years should have been in an investment analysis environment.
• Comprehensive understanding of upstream E&P industry in a wide variety of fiscal regimes. Understands the significance of strategic drivers / direction of a company.
• Practical experience in a Financial planning / portfolio management role together with the application of comprehensive range of economic evaluation / business analysis techniques widely used within the industry.
• Fluent written and spoken English

Employment Terms

The appointee will be invited to join the expatriate staff payroll on long term residential contract (married or single status). The importance of this key role will be reflected in the generous salary and expatriate benefits which includes bonus scheme, child education assistance, company car, accommodation to a high standard, medical cover for self and family, company bonus schemes, etc.

Interviews: As soon as possible

Please forward detailed copy of CV with contact telephone number home in domicile country by email (as an attachment in Microsoft Word Format) to AMA Energy Management Recruitment Consultancy, UK Tel: +44 (0)1189 465 882, Recruitment email: recruit@amoss.com. On receipt of your response a detailed job specification / client information will be provided. Quote Ref: AD152.