12 Jan 2012
Private Sector Petroleum Economist / Business Analyst
Job Description
This position will work in the Hess Evaluations and Planning Group, reporting to the Evaluations & Planning Manager – Developments, and will provide business and economic evaluation support to studies being conducted by Exploration and Pre-Developments.
The position requires understanding of the business issues and risks facing upstream project execution in a variety of international environments, experience in exploration and development economic evaluations, and the ability to validate and integrate comprehensively the evaluation assumptions including production, cost, schedule and fiscal terms data required for asset valuation. Knowledge of the full value chain evaluation, field development planning, scenario-driven methodologies, risk and decision analysis and value of information techniques is also required.
This position will require close coordination with existing Exploration, Commercial, Pre-Developments, Developments, Drilling and Production departments in Hess to ensure alignment and collaboration in evaluating decision opportunities. In addition, the analyst will seek expert support from the in-house technology organization (EPT). The job will also require that rigorous risk assessments be carried out by incorporating holistic risk into the overall evaluation which will then be used by management to make proper investment decisions.
ROLES/RESPONSIBILITIES:
- Perform decision focused economic evaluations ensuring effective integration of subsurface evaluations, costs, drilling schedules and the relevantly verified country specific fiscal terms for economic assessments using PEEP or other custom economic modeling tools as appropriate.
- Ensure evaluations are business/enterprise focused and of high quality by incorporating all technical and commercial aspects of investment opportunities into evaluations, including appropriate risk assessments and decision analysis processes as needed.
- Develop, amend and maintain project economic models using PEEP or other bespoke economic modeling tools.
- Support the planning / budgeting process for Exploration, Pre-Developments and Developments
- Work closely with the Commercial and the Finance teams to ensure assumptions and methodologies are consistent with company standards.
- Work closely with the Exploration, Pre-Developments and Developments teams in order to collect, check, input, manipulate core project/asset information which informs key decision making on key decisions: license rounds, developments, divestments, abandonment.
- Ensure EPT technical input is also incorporated into assessments.
- Build effective relationships and coordinate with Exploration, Commercial, Pre-Development and Development Managers for a collaborative effort for prospect evaluation.
- Build effective relationships with other Value Chains and ensure expert input is provided by those teams for a high quality economic evaluation.
- Work with partners and regulatory agencies to gain alignment and establish working relationships.
- Ensure team members are not working in isolation, but seeking input from all involved experts from Exploration, Pre-Developments, Developments, Drilling, Production and EPT.
- Maintain periodic communication/updates to Unit’s senior management
- Assist with preparation and presentation of decision support packages required for decision making.
- Assist with the development and implementation of project evaluation methodologies within Hess, to include probabilistic economic modeling.
Qualifications
SKILLS/EXPERIENCE:
- Detailed understanding of the key drivers for upstream development projects (technical, commercial, political, and crude oil and gas markets).
- Experience in preparing international economic evaluations and completing DCF analysis using standard industry Economics Packages.
- Ability to identify and account for wider issues (interaction between projects and assets, strategic issues).
- Understanding of economic modeling of royalty/tax and PSC fiscal terms.
- Demonstrable experience in using PEEP economic software.
- Experience in decision analysis (conduct decision framing and applying probabilistic analysis methodology).
- Understanding of Risks and Uncertainties associated with the business.
- Sufficient functional understanding of technical subsurface disciplines and well-related issues and how they relate to development planning to allow effective and pragmatic integration and QC of project economic input datasets.
- Effective oral and written communication skills, particularly for technical presentations.
- Self-motivated to learn and adopt new methods, impart knowledge to others, and coordinate efforts with cross functional teams.
- Proactive analytical skills with attention to details and process improvements.
- Proven ability to effectively apply mentoring and coaching skills in a range of situations.
SOFTWARE REQUIREMENTS:
- Microsoft Word, PowerPoint, and EXCEL
- PEEP
How to Apply
https://hess.taleo.net/careersection/6/jobdetail.ftl?job=76181