Head of Economics

Kuala Lumpur, Malaysia

Job Reference 1192009

Location Kuala Lumpur, Malaysia

Industry Oil & Gas - Offshore Oil

Function Financial & Accounting

Job Type Permanent

Date Added July 31, 2023

Airswift is inviting an economics professional to join one of our clients as Head of Economics in Malaysia for a contractual engagement.

The key objectives are:
  • Lead, prepare and provide support on business / project planning and scenario analyses.
  • Manage a team of analysts to provide economics support to the organization.
  • Construct and analyze Economic Models utilizing company standardized software.
  • Lead interfaces between the various departments in MY Asset
  • Work closely with Corp Office to ensure economic analysis is consistently and thoroughly evaluated during the entire life cycle.
  • Consider the commercial and economics impact of business decisions with regards to the Production Sharing Contracts, Joint Operating Agreements, and other key commercial agreements
PRINCIPAL ACCOUNTABILITIES:
  • Ensure the company’s interests are protected.
  • Manage and develop a team of analysts to be competent in their work requirements.
  • Lead to develop and maintain Production Sharing Contract (PSC) economic models. The models shall be updated to reflect any changes in the plans.
  • Lead, analyze and advise on key performance metrics of all MY Asset projects.
  • Lead to work with various departments to prepare and complete economics analysis for long terms plans, budget and etc.
  • Lead to evaluate various commercial and conceptual project proposals.
  • Lead to interface with Corporate’s Business Development and Planning groups to ensure uniformity and conformity with corporate financial practices are adopted in business undertakings.
Qualifications and experience required: 
  • Minimum 15 years’ experience in the upstream Oil & Gas industry.
  • Experience with Production Sharing Contracts, Joint Operating Agreements and Sales agreements in Malaysia
  • Experience with commercial negotiations and economics.
  • Strong teamwork, communications, and leadership skills.
  • University degree (or similar qualification) in Economics, Finance or Engineering.
  • Experience with major oil and gas projects.
  • Experience in negotiating oil and gas contracts.
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