Petro Energy Jobs

Hess is a rapidly growing oil and gas company with an independent spirit and a passion for developing people. We invest in the best talents and provide them with the total package of rewards and challenges. Our Malaysian talents work in a global collaborative environment and truly make a difference to the progress of the corporation, worldwide.

In South East Asia, our people are helping us build momentum towards an exciting future. If you are someone with a strong drive for results and individual initiative, come be part of that growth.

The primary focus of the newly formed Economics Team will be to provide dedicated analysis for all investment decisions in South East Asia. In simplest terms the Economics Team provides the analysis to answer the question - which investment provides higher value - A or B? This is a very broad remit and will include investment decisions across all the value chains (development, production and exploration) and include analysis for AFEs, sanctions, exploration bid rounds, farm-ins/outs, pricing and commercial negotiations amongst others.

The team has the opportunity to influence major decisions within the organisation.

Further to this main role, the Economics Team will also do validation work on existing and new economic models as well as providing economics training for the rest of the organisation. Over time, as the capability within the team grows, more time will be spent on Value of Information, Decision Analysis and Market Research type activities.

The role will provide complete exposure to all aspects of valuation, from the value of exploration acreage to the value of production optimisation on existing assets. It will also require significant interaction with a diverse range of disciplines (technical groups, tax, commercial, legal and finance).

This role provides an excellent broadening opportunity to gain first hand experience of the business side of the industry. This role is seen as an attractive developmental position for progression into a business planning or commercial role for those who may want to progress their careers in that direction. It would also provide excellent broadening from those in technical or finance disciplines who will eventually return to their original disciplines.

Roles and Responsibilities
Investment Decisions
· To provide all economic analysis in support of investment decisions for all assets in SEAsia. This to include assets in all value chains - exploration, production, development.
· Generate analysis from PEEP models and in cases where this is not appropriate/ possible, develop own build Excel best practise economic models

Process and Infrastructure
· To be the owner of one (or more) PEEP model(s). This to include owning and validating work around changes to the model, ensuring model conforms to contractual documents and accurately reflects the terms in the Economic DataBook
· To own new PEEP model build
· To own the Economic Databook for one (or more) assets. Ensure that Databook is up to date and is correct.
· To develop new Economic DataBooks for new assets/ opportunities.
· To participate in and set up economic peer reviews before major decisions

Decisions Analysis and Intelligence Work
· To do VoI/ DA studies for project in region
· To develop (as required by business) studies in areas such as local gas pricing, fiscal mapping of new opportunities, special areas such as FLNG

Training
· To participate in providing economics training in region
· To develop new training as deemed necessary

Desired Skills/ Competencies
· Experience in/aptitude for model building (ideally in Excel and PEEP) - however prior experience in any coding language is acceptable
· Technical EP (surface/ subsurface) experience or understanding thereof is critical for success in this role. Someone looking to move into the business side of the industry from a technical function, will be well placed for this role.
· Familiarity with PSCs/ fiscal regimes in the EP business is desirable
· Similarly experience with Project Economics is desirable

Additional skills that are useful:
· Knowledge of financial accounting
· VBA skills
· Experience with contracts (GSAs, HOA, JOA etc) in EP business

Behavioural Requirements
· Critical Thinking: Able to get to the main issue quickly and exercise appropriate judgement, while constructively challenging
· Collaboration: Able to coordinate input from different disciplines, seeking consensus
· Influencing: Able to assert ideas persuasively
· Communication: Good verbal and written communication

Expectation
· The selected candidate will quickly be expected to become proficient in
o PEEP modelling
o Excel best practise model building
o Fiscal terms and their impact on business decisions
o Project Economics
o Commercial constructs and their impact on value

Qualifications

Education/ Training
1) Technical or business degree
2) Additional Masters qualifications (MBA, MSc) in a numerate field is desirable

Job
Planning & Economics
Primary Location
Southeast Asia-Malaysia-Kuala Lumpur
Schedule
Full-time

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