Petroleum Economist
Job Summary
Are you passionate about maximizing reservoir performance and recovery
Would you like to lead integrated solutions that unlock additional value from mature fields
Join our team
Baker Hughes is a global energytechnology company operating in more than 120 countries. We deliver innovative solutions that make energy safer cleaner and more efficient. Our teams help customers maximize asset value by improving recovery extending field life and implementing sustainable production strategies across mature and developing assets.
Partner with the best
As a petroleum economist you will be providingkey insights on thefinancial viability behind atechnicallyscreened asset with different Baker Hughescommercial structures that would be entertained. Run the oil and gas economicsandprovide insight into the commerciality of pursuing an asset.
As a Petroleum Economist you will be responsible for:
- Leading comprehensive economic evaluations ofmatureoil and gas assetsusingthe teams derisked production profilesrevenue assumptions operatingcosts capitalrequirementsand cashflow inputsfor active and prospective projects.
- Preparing and analyzing financial models to support investment decisions acquisitions divestitures and portfolio scenario analysis sensitivity studies risk assessments and project economics under varying market and fiscal conditions.
- Collaborating closely with engineering finance commercial and planning teams to integrate technical operational and economic inputs when evaluating assets and guidance during project development feasibility studies and contract negotiations.
- Delivering clear economic reports and presentations for management and external stakeholderssuch asbanksinvestorsand regulatory bodies. Maintaincurrentknowledge of industry trends commodity pricing fiscalregimesand economic factorsthat influenceproject value.
- Ensuring the integrity and accuracy of all economic analyses and documentationcomplying withcorporate standards and regulatory junior staff and provide training on economic methodologies and modeling tools.
- Activelyparticipatingin industry benchmarking market research and competitive intelligence activities to inform strategy and enhance asset value.
Fuel your passion
To be successful in this role you will:
- Have a BSc inPetroleumEngineering Economics Finance ora relateddiscipline. Advanced degree (MSc MBA) is preferred
- Have 10 yearsof experience in economic analysis asset evaluation and financial modeling within the oil and gas sector.
- Advancedproficiencyin economic modeling software (e.g. Excel @Risk Merak Peep or other industry-standard tools).
- Strong analytical communication and presentation skills with the ability to convey complex concepts to diverse audiences.
- Knowledge of oil and gas fiscal systems contracts and regulatory frameworks.
- Demonstrated ability to work independently and as part of multidisciplinary
Work in a way that works for you
We recognize that everyone is different and that the way in which people want to work and deliver at their best is different for everyone this role we can offer the following flexible working patterns:
- Working flexible hours - flexing the times when you work in the day to help you fit everything in and work when you are the most productive
Working with us
Our people are at the heart of what we do at Baker Hughes. We know we are better when all of our people are developed engaged and able to bring their whole authentic selves to work. We invest in the health and well-being of our workforce train and reward talent and develop leaders at all levels to bring out the best in each other.
Working for you
Our inventions have revolutionized energy for over a century. But to keep going forward tomorrow we know we have to push the boundaries today. We prioritize rewarding those who embrace change with a package that reflects how much we value their input. Join us and you can expect:
- Contemporary work-life balance policies and wellbeing activities
- Comprehensive private medical care options
- Safety net of life insurance and disability programs
- Tailored financial programs
- Additional elected or voluntary benefits
Required Experience:
IC
About Company
Baker Hughes (NYSE: BKR) is an energy technology company that provides solutions for energy and industrial customers worldwide. Built on a century of experience and with operations in over 120 countries, our innovative technologies and services are taking energy forward – making it sa ... View more