Petroleum Economist
At a Glance
- Category
- ⛽ Oil & Gas
- Level
- Mid-Level
- Type
- Full-time
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Are you passionate about maximizing reservoir performance and recovery?
Would you like to lead integrated solutions that unlock additional value from mature fields?
Join our team
Baker Hughes is a global energy‑technology company operating in more than 120 countries. We deliver innovative solutions that make energy safer, cleaner, and more efficient. Our teams help customers maximize asset value by improving recovery, extending field life, and implementing sustainable production strategies across mature and developing assets.
Partner with the best
As a petroleum economist you will be providing key insights on the financial viability behind a technically screened asset with different Baker Hughes commercial structures that would be entertained. Run the oil and gas economics and provide insight into the commerciality of pursuing an asset.
As a Petroleum Economist, you will be responsible for:
- Leading comprehensive economic evaluations of mature oil and gas assets using the team’s derisked production profiles, revenue assumptions, operating costs, capital requirements and cash flow inputs for active and prospective projects.
- Preparing and analyzing financial models to support investment decisions, acquisitions, divestitures, and portfolio optimization. Perform scenario analysis, sensitivity studies, risk assessments, and project economics under varying market and fiscal conditions.
- Collaborating closely with engineering, finance, commercial, and planning teams to integrate technical, operational, and economic inputs when evaluating assets and projects. Provide economic guidance during project development, feasibility studies, and contract negotiations.
- Delivering clear economic reports and presentations for management and external stakeholders such as banks, investors and regulatory bodies. Maintain current knowledge of industry trends, commodity pricing, fiscal regimes and economic factors that influence project value.
- Ensuring the integrity and accuracy of all economic analyses and documentation, complying with corporate standards and regulatory requirements. Mentor junior staff and provide training on economic methodologies and modeling tools.
- Actively participating in industry benchmarking, market research, and competitive intelligence activities to inform strategy and enhance asset value. Fuel your passion
To be successful in this role you will:
- Have a BSc in Petroleum Engineering, Economics, Finance, or a related discipline. Advanced degree (MSc, MBA) is preferred
- Have 10 years of experience in economic analysis, asset evaluation, and financial modeling within the oil and gas sector.
- Advanced proficiency in economic modeling software (e.g., Excel, Risk, Merak Peep, or other industry-standard tools).
- Strong analytical, communication, and presentation skills with the ability to convey complex concepts to diverse audiences.
- Knowledge of oil and gas fiscal systems, contracts, and regulatory frameworks.
- Demonstrated ability to work independently and as part of multidisciplinary Work in a way that works for you
We recognize that everyone is different and that the way in which people want to work and deliver at their best is different for everyone too. In this role, we can offer the following flexible working patterns:
- Working flexible hours - flexing the times when you work in the day to help you fit everything in and work when you are the most productiveWorking with us
Our people are at the heart of what we do at Baker Hughes. We know we are better when all of our people are developed, engaged and able to bring their whole authentic selves to work. We invest in the health and well-being of our workforce, train and reward talent and develop leaders at all levels to bring out the best in each other.
Working for you
Our inventions have revolutionized energy for over a century. But to keep going forward tomorrow, we know we have to push the boundaries today. We prioritize rewarding those who embrace change with a package that reflects how much we value their input. Join us, and you can expect:
- Contemporary work-life balance policies and wellbeing activities
- Comprehensive private medical care options
- Safety net of life insurance and disability programs
- Tailored financial programs
- Additional elected or voluntary benefitsThe Baker Hughes internal title for this role is: Senior Principal, Geoscience & Petroleum, Disciplinary Engineering and Science
Requirements
- •BSc in Petroleum Engineering, Economics, Finance, or a related discipline
- •10 years of experience in economic analysis, asset evaluation, and financial modeling within the oil and gas sector
- •Advanced proficiency in economic modeling software (e.g., Excel, Risk, Merak Peep)
- •Strong analytical, communication, and presentation skills
- •Knowledge of oil and gas fiscal systems, contracts, and regulatory frameworks
Nice to Have
- •Advanced degree (MSc, MBA) is preferred
Responsibilities
- •Lead comprehensive economic evaluations of mature oil and gas assets using derisked production profiles
- •Prepare and analyze financial models to support investment decisions, acquisitions, divestitures, and portfolio optimization
- •Perform scenario analysis, sensitivity studies, risk assessments, and project economics
- •Collaborate with engineering, finance, commercial, and planning teams to integrate technical and economic inputs
- •Provide economic guidance during project development, feasibility studies, and contract negotiations
- •Deliver clear economic reports and presentations for management and external stakeholders
- •Maintain knowledge of industry trends, commodity pricing, and fiscal regimes
- •Mentor junior staff and provide training on economic methodologies and modeling tools
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- See what Baker Hughes's hiring system sees in your CV
- Get AI-rewritten bullet points
- Download Gulf-ready CV
60 seconds. $5.88 one-time.
Baker Hughes is an energy technology company offering solutions for oil, gas, and industrial sectors. It provides equipment and services for energy production and processing.