Economist at Felton Energy Services Limited (FESL)

Felton Energy Services Limited (FESL) is an indigenous oil & gas procurement, operation and maintenance company in Nigeria. The company was established to supply global customers with Electrical, Mechanical, Industrial and Engineering Products, on time and at the most competitive prices. FESL has unrivalled commitment to the Oil & Gas Industry and has gained support of the leading manufacturers which ensures our solutions are at the forefront oftoday’s technology.

We are recruiting to fill the position below:

Job Title: Economist

Location: Port Harcourt, Rivers

Activities

• Actively participate in delivering annual planning exercises: the E&P Long Term Plan, Budget, PRIME reserves calculation,
• Exploration & Appraisal budget, ASC932 Cash Flow reporting to the US stock exchange, etc.
• Carry out economic studies of development projects, exploration wells, new business deals, project sanction dossiers.
• Prepare and present to senior management the results of economics studies (i.e. COMPANY management, CDEP, BR, COVAL, CORISK/COMEX).
• Maintain the economic model and the modelling recap with any changes regarding the economic environment.
• Prepare and maintain the Fiscal Summary Sheet of assets in charge with annual update.
• Develop improved interfaces with technical and financial entities to improve quality and deliverability of economic analysis.
• Participate in the development, audit and validation Microsoft Excel tools /models used for economic evaluations and Essbase for data storage.
• Keep abreast of new approaches and proposed alternative approaches to Economic studies.
• Acquire and develop competencies on different economic models (aim at least 1 new per year), and the associated contractual and fiscal information.

Context & Environment:

• The Nigerian fiscal, contractual and business regime is complex. COMPANY is a large affiliate with numerous assets, projects and economics models to understand and manage.
• Tight deadlines
• Occasional heavy workload

Accountability:

• General objective of the Service:
• Undertake and perform high quality, accurate and sound economic analysis in relation to all of COMPANY’s business activities.
• Take a critical view of the input data (production, cost, impact on other assets)
• Knowledge of contractual terms of the asset in charge, as well as fiscal terms of regulations in force.
• Use knowledge and experience to define business cases and the most relevant KPI’s
• To provide Management a comprehensive view of COMPANY’s activities from an economic and value perspective, and to provide analysis and advice on maximising that value.
• Maintain and improve economic practices within COMPANY.
• Capacity to work to tight deadlines & produce high quality work within a high-pressure environment.

Requirements

• Graduate in a technical, finance or economics discipline
• Highly experienced in the use of Microsoft excel and economics modelling
• High level of computer literacy - Microsoft Excel / Visual Basic
• Highly numerate, analytical thinking, detailed oriented,
• Synthesis capabilities and capacity to escalate messages to senior management
• Experience in technical upstream “metier”: preferable but not mandatory.

Application Closing Date
Not Specified.