Production Economic Analyst

  • Listed: May 14, 2017 11:43 am
  • Expires: This ad has expired
  • Company Name: Haimo
  • Job Type: Full Time
  • Salary Package: Negotiable
  • Required Experience: 1-2 Years
  • Minimum Education: Masters Degree
  • Emirates: Dubai
  • Country: United Arab Emirates
  • Employer Email:


This analyst will conduct economic analysis for company’s oil wells’ production and operations. In detail
Perform analytical research on valued target assets to develop and enhance company’s asset portfolios using public and non-public information such as reserve databases (eg. Aries, PHDWin), resource disclosures and financial information;

Create company’s net asset valuation models and type curves to indicate economic assumptions;

Gather daily operation and drilling/completion efficiencies data against AFE’s and offset operators and implementation changes accordingly;

Analyse each oil well’s production, efficiencies and performance by calculating the actual expense against AFE estimated cost, such as tangible costs as of installation of production facilities, casing and cost required for facilities, and intangible costs as of labour, repairs or testing to identify the most costive area for improvement;

Evaluate wells’ AFE for management to approve expenditure plan prior to commencement of drilling or subsequent operations;

Track upstream activity and trends, support management to identify unique competitive intelligence on major producing and emerging areas in the market;

Knowledge and technologies involved: economics / statistical software (PHDwin, Aries, Excel VB), Petra, Database use such as fiscal model library (FML), IHS Enerdeq, HPDI Drillinginfo. Solid knowledges on economics principles, numerical simulation, Geostatistics and Material Balance.

Minimum Requirements:

Master’s degree in Economics, Finance or Petroleum with combined knowledge and technologies of economics / statistical software (PHDwin, Aries, Excel VB), fiscal model library (FML), Petra, IHS Enerdeq, HPDI Drillinginfo, economics principles, numerical simulation, Geostatistics and Material Balance, as well as knowledge of economic analysis against AFE and operation plan in oil and gas industry.

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Listing ID: 285916de548ece0

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