Petroleum Economist
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Key skills for this role
About the Role
Baker Hughes seeks a Petroleum Economist to lead economic evaluations of mature oil and gas assets. You will build financial models, perform scenario analysis, and collaborate with engineering and commercial teams to support investment decisions.
Key Skills for This Role
Responsibilities
- Lead comprehensive economic evaluations of mature oil and gas assets using production profiles, revenue assumptions, operating costs, capital requirements, and cash flow inputs
- Prepare and analyze financial models to support investment decisions, acquisitions, divestitures, and portfolio optimization
- Perform scenario analysis, sensitivity studies, risk assessments, and project economics under varying market and fiscal conditions
- Collaborate with engineering, finance, commercial, and planning teams to integrate technical and economic inputs
- Deliver clear economic reports and presentations for management and external stakeholders
- Ensure integrity and accuracy of economic analyses and documentation, complying with corporate standards
- Mentor junior staff and provide training on economic methodologies and modeling tools
- Participate in industry benchmarking, market research, and competitive intelligence activities
Requirements
- BSc in Petroleum Engineering, Economics, Finance, or related discipline
- 10+ years of experience in economic analysis, asset evaluation, and financial modeling within oil and gas
- Advanced proficiency in economic modeling software (e.g., Excel, @Risk, Merak Peep)
- Knowledge of oil and gas fiscal systems, contracts, and regulatory frameworks
- Strong analytical, communication, and presentation skills
- Advanced degree (MSc, MBA) preferred
Full Job Posting
Overview
- Baker Hughes is a global energy technology 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.
As a Petroleum Economist, you will be responsible for:
- Leading comprehensive economic evaluations of mature oil and gas assets using the team’s derisked production profiles, revenue assumptions, operating costs, capital requirements and cash flow inputs for active and prospective projects.
- Preparing and analyzing financial models to support investment decisions, acquisitions, divestitures, and portfolio optimization. Perform 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 projects.
- Delivering clear economic reports and presentations for management and external stakeholders such as banks, investors and regulatory bodies.
- Ensuring the integrity and accuracy of all economic analyses and documentation, complying with corporate standards and regulatory requirements.
- Mentoring junior staff and providing training on economic methodologies and modeling tools.
- Actively participating in industry benchmarking, market research, and competitive intelligence activities to inform strategy and enhance asset value.
Fuel your passion
- Have a BSc in Petroleum Engineering, Economics, Finance, or a related discipline. Advanced degree (MSc, MBA) is preferred
- Have 10+ years of experience in economic analysis, asset evaluation, and financial modeling within the oil and gas sector.
- Advanced proficiency in 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 teams.
Working for you
- 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
About Us
- We are an energy technology company that provides solutions to energy and industrial customers worldwide.
- Built on a century of experience and conducting business in over 120 countries, our innovative technologies and services are taking energy forward – making it safer, cleaner and more efficient for people and the planet.
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