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, develop financial models, and support investment decisions. Requires 10+ years in oil and gas economic analysis, advanced degree preferred, and proficiency in economic modeling software.
Key Skills for This Role
Responsibilities
- Lead comprehensive economic evaluations of mature oil and gas assets using derisked 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 closely with engineering, finance, commercial, and planning teams to integrate technical, operational, and economic inputs
- Deliver clear economic reports and presentations for management and external stakeholders such as banks, investors, and regulatory bodies
- Maintain current knowledge of industry trends, commodity pricing, fiscal regimes, and economic factors that influence project value
- Ensure integrity and accuracy of all economic analyses and documentation, complying with corporate standards and regulatory requirements
- Mentor junior staff and provide training on economic methodologies and modeling tools
- Actively participate in industry benchmarking, market research, and competitive intelligence activities
Requirements
- BSc in Petroleum Engineering, Economics, Finance, or related discipline; advanced degree (MSc, MBA) preferred
- 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
- Knowledge of oil and gas fiscal systems, contracts, and regulatory frameworks
- Demonstrated ability to work independently and as part of multidisciplinary teams
Full Job Posting
Partner with the best
- As a petroleum economist you will be providing key insights on the financial viability behind a technically screened asset with different Baker Hughes commercial structures that would be entertained.
- Run the oil and gas economics and provide insight into the commerciality of pursuing an asset.
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. Provide economic guidance during project development, feasibility studies, and contract negotiations.
- Delivering clear economic reports and presentations for management and external stakeholders such as banks, investors and regulatory bodies. Maintain current knowledge of industry trends, commodity pricing, fiscal regimes and economic factors that influence project value.
- Ensuring the integrity and accuracy of all economic analyses and documentation, complying with corporate standards and regulatory requirements. Mentor junior staff and provide 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
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