Senior Petroleum Economist in kuwait City, Kuwait

at AMA Energy Management
Location kuwait City, Kuwait
Date Posted April 2, 2019
Category Petroleum Engineer
Job Type Permanent




Due to expansion in activities and recent asset acquisitions, an International Energy Company is seeking to resource a Senior Petroleum Economist who will be based in Kuwait.

The position may suit a candidate with Petroleum / Reservoir Engineering experience who has progressed to Petroleum Economics.

Summary of Role:

Conduct analysis associated with Project Economic Evaluation, Portfolio Management, Capital Budget allocation, Monitoring and tracking to provide consultation support in planning processes.

Asset in establishing a centre of expertise in economic and decision analysis and provide commercial insight / risk analysis

Ensure that company standards and processes are reflected in capital projects progression project evaluations and in analysis of the business and competitive environment;

Oversee and ensure effective execution of all critical corporate planning processes including those related to corporate strategy, stage gate valuation and decision quality for opportunities and helping to re-focus the portfolio through defined action plans;

Enable management to make the right choices in a timely manner through high quality economic evaluations, decision analysis, commercial insight and robust fit-for-purpose uncertainty / risk analysis along with effective challenge guidance and support to the evaluation project team;

Strategy Management

Participate in all initiatives and activities related to Strategy Review; this will include identification and assessment of strategic issues and facilitation of strategic discussions in the company;

Portfolio Management & Risk Management:

Participate in all portfolio management activities in the company and conduct annual review of the company portfolio in order to categorize assets according to their value potential and propose required action for each compounds of the portfolio;

Economic Analysis:
Performance Management & Reporting:

Track capital projects performances and participate, when required, in the definition of corrective action to project off-track and ensure implementation of lesson learned in future projects evaluation

Systems & Processes:

Review and ensure compliance of all Corporate Planning related processes, recommendations / findings developed and proposed corporate planning;
Provide on the job training and assistance and help develop capabilities of planning team to enable them to perform their job effectively.

Required Qualifications / Experience / Attributes:

Bachelor’s Degree, preferably in Engineering, Business Administration, Science or Economics; (Mandatory)
Minimum 15 years’ experience with at least 8 years in related functions to Corporate Planning, commercial or business development departments involving financial analysis, international project evaluation in upstream oil & gas business;
Business Planning & Performance Management
Risk & Portfolio Management
International E&P project experience would be advantageous;
Languages: fluent written and spoken English.

Employment Terms

The appointee will be invited to join the expatriate staff payroll on long term residential contract (married or single status). The importance of this key role will be reflected in the generous salary and expatriate benefits which includes end of service benefit, child education assistance, accommodation to a high standard, medical cover for self and family, annual rewards schemes etc.

Interviews : As soon possible

Please apply on-line with a detailed copy of your CV along with current day contact telephone number. Quote Ref: Quote Ref: AD044 – Senior Petroleum Economist. Kuwait

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