Economist Lead

Job Purpose

The job holder is accountable for the quality and accuracy of the economic methods, processes, tools, and analyses used to support NOC’s decision making and to maximize value creation for Shareholders and the State of Qatar

JOB DIMENSIONS:

• Large portfolio of projects (sanctioned or under development) representing 10-20 billion $ investment over 10 years.
• More than 100 economic evaluations per year, including multiple iterations for the same project, ranging from marginal brownfield projects of few million $ to large-scale multi-billion $ developments.
• Major Contribution to other NOC processes such as Final Investment Decisions, Long Range Business Plan, Year-End Annual Review of Reserves, Cash Funding Requirements, Decommissioning Fund.
• Highly exposed to NOC management and Shareholders.

CONTEXT AND WORK ENVIRONMENT:

NOC is a JV (70% Qatar Energy, 30% TotalEnergies) established in 2016 to take-over the operatorship of the Al-Shaheen field. The position is office-based with multiple meetings and committees.

Key Accountabilities

The job holder will undertake following main activities:

• Act as Subject Matter Expert and technical referent for all economic analyses performed within NOC, and as the custodian of associated methodologies, processes, and organization.
• Ensure that all economic tools, models, and methods used for investment decisions or resource valuations are in conformity with applicable regulations, NOC's contractual commitments, and international standards.
• Maintain the Al Shaheen reference economic model in full operational state; identify, get validated and implement modifications that might be required to reflect any change in the legal or contractual framework. 
• Ensure proper validation of economic modelling assumptions by NOC management and Shareholders.
• Assist and validate all petroleum project economic valuations performed by the economic team.
• Assist the Long-Range Planning Manager for coordinating the work of the economic team, and for ensuring adequate qualitative and quantitative evolution of the workforce over the medium and long term.
• Contribute to the on-boarding, training, and upgrading of junior and senior economists in the Company.
• Develop, periodically review, and update whenever required NOC's economic procedures or standards.

As part of the assignment, the job holder will need to:

• Demonstrate personal commitment to NOC's HSE policy and act as a role model,
• Continuously update HSE knowledge and training as per NOC requirements, and
• Play an active role in HSE awareness activities set up by NOC.

Key Accountabilities

Key Accountabilities

Competencies

Education

Degree in Engineering or Business school or equivalent university curriculum.

Certification

Experience

Minimum Experience:

• Professional with at least 15 years of professional experience, preferably in the Oil & Gas Industry, with positions held in both Economics and Development Planning, in an IOC or National Oil Company.

Job-Specific Skills (Generic / Technical):

• Extensive knowledge of concepts, tools and scientific economic methods, finance, E&P accounting methods, Oil & Gas fiscal and contractual frames, Oil & Gas joint ventures. Upstream Oil & Gas industry substantial understanding.
• Confirmed team-lead and cross-functional management skills to lead transverse teams.
• Good communication and synthesis skills (fluent English required). 
• Organized, rigorous and dynamic with an open mind and well-developed soft skills.