Asset Planning, Economics, & Performance Analysis Lead at Ralds & Agate

Mission / Purpose of the Job

• This role will be responsible for leading the development of asset plans, economic evaluations, and performance analysis to optimize the company’s oilfield assets.
• This includes analyzing production data, forecasting future performance, and identifying opportunities for improvement.
• The individual will provide strategic insights to inform business decisions and drive asset performance.

Job Responsibilites
Asset Planning & Development Forecasting:

• Develop comprehensive short, mid, and long-term asset plans aligned with the company’s operational and financial goals.
• Create production forecasts based on technical and economic data, ensuring accuracy and feasibility.
• Plan and manage resource allocation to optimize asset performance and operational efficiency.
• Integrate inputs from engineering, operations, and finance teams to ensure cohesive asset development strategies.
• Update asset plans regularly to reflect changing field conditions, project statuses, and business priorities.

Economic Evaluation & Financial Modelling:

• Conduct detailed economic evaluations of field development projects using metrics such as NPV, IRR, and payback period.
• Build and maintain financial models that assess the viability of new and existing assets.
• Perform scenario and sensitivity analyses to evaluate risk and optimize investment decisions.
• Lead the assessment of new project economics including drilling programs, facility upgrades, and cost optimization opportunities. Provide economic input to support capital budgeting and portfolio planning processes.

Performance Monitoring & Operational Analysis

• Monitor asset performance using key indicators such as production efficiency, operating costs, and recovery factors.
• Analyze variances between forecasted and actual performance and recommend corrective measures.
• Identify underperforming assets and develop actionable strategies for improvement.
• Lead performance review meetings and provide clear, data-backed insights to management.
• Ensure alignment between performance targets, resource utilization, and profitability.

Strategic Collaboration & Investment Support:

• Work with the reservoir engineering team to assess and report reserves in compliance with industry and regulatory standards.
• Support investment decision-making related to acquisitions, divestments, and joint ventures through economic and strategic analysis.
• Collaborate with finance, engineering, production, and planning teams to ensure unified decision-making across the asset lifecycle.
• Participate in multidisciplinary project reviews and contribute insights from a planning and economics perspective.
• Represent the economics and planning function in internal and external stakeholder meetings.

Compliance, Reporting & Scenario Planning:

• Support internal and external audits by providing relevant planning and economics documentation.
• Ensure all planning and economic activities adhere to corporate policies, local regulations, and industry standards.
• Prepare regular and ad-hoc reports detailing asset performance, economic valuations, and business recommendations.
• Develop and evaluate different asset development and operational scenarios based on market conditions and technical inputs.
• Maintain documentation of methodologies, assumptions, and evaluations for audit and transparency purposes.

Job Specifications
Minimum & Preferred Requirements

Education / Business Degree:

• Bachelor’s Degree in Petroleum Engineering, Economics, Finance, or a related field.
• A Master’s degree or professional certification (e.g., SPE, PMP, CFA) is an added advantage.

Work Experience:

• Minimum of 10 years of quality experience in asset management, economic analysis, or performance evaluation within the upstream oil and gas sector.
• Proven ability to lead asset planning, build economic models, and contribute to strategic investment decisions.

Competencies, Skills & Attributes:

• Strong knowledge of economic modelling, financial analysis, and investment appraisal techniques specific to the oil and gas sector.
• Deep understanding of capital budgeting, cost analysis, and risk adjusted return metrics for upstream operations.
• Familiarity with production forecasting, reserves evaluation, and reservoir engineering principles.
• Understanding of scenario planning, decision tree analysis, and operational risk management.

Skills:

• Proven experience in creating long-term asset development plans that align with corporate and regulatory requirements.
• Sound understanding of compliance frameworks, reserves reporting standards, and industry benchmarks.
• Ability to interpret complex technical and financial data into actionable strategic insights.
• Communication
• Stakeholder Management
• Advanced Excel
• Financial modelling
• Economic evaluation
• Scenario analysis
• Production
• Asset performance monitoring
• Data interpretation
• Reporting
• Collaboration
• Budgeting and forecasting
• Project evaluation
• Investment analysis
• Regulatory compliance
• Risk assessment
• Integrity
• Accountability
• Adaptability
• Professionalism
• Strategic thinking
• Analytical
• Problem-solving
• Results-oriented
• Performance-driven
• Attention to detail
• Proactive
• Team-oriented
• Commercially aware
• Business-focused.