Economist at Felton Energy Services Ltd (FESL)

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 AND 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-pressured environment.

REQUIRED SKILLS /QUALIFICATIONS / EXPERIENCE

• 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.