Economics Team Lead

What’s the role

You will be the team leader for a group of six economists that together form the UK Upstream Economics Team. This team is responsible for high-quality economics decision analysis for investment decisions, supporting annual business planning and reserves reporting exercises for all UK Upstream assets and projects. As the team lead, you will optimize development opportunities for its economists and ensure flexible and efficient economics support for its stakeholders. The team reports to the Commercial Manager for the UK Upstream, and you will be a member of the Commercial Leadership Team.

In December 2024, Shell and Equinor announced an agreement to combine most of their UK offshore oil and gas assets and expertise to form a new company. The new company, based in Aberdeen, will be an Incorporated Joint Venture (IJV), owned equally by Shell (50%) and Equinor (50%), and will operate independently. As the UK North Sea’s largest independent producer, the IJV’s profile and expectations are very high among stakeholders—including industry partners, regulators, and the government.

This position is within Shell’s Aberdeen Upstream Organisation. On 5th December 2024, Shell announced the formation of a new company with Equinor for North Sea assets, where both will jointly own the new entity. Upon completion, employment for the successful candidate will transfer to the new company under the Transfer of Undertakings (Protection of Employment) Regulations 2006 (“TUPE”). Estimated completion is 01 December 2025. Additional details will be shared during the recruitment process.

What you’ll be doing

Your main responsibilities as the UK Economics Team Lead include:

• Supporting UK Offshore assets and projects, ensuring production longevity into the next decade, and optimizing asset value through insightful decision analysis, especially related to growth and energy transition initiatives.
• Preparing for and executing the transition from Shell to the IJV from an economics perspective.
• Managing a team of economists—prioritizing projects, developing staff, recruiting, and succession planning; serving as the focal point for internal senior stakeholders.
• Providing economics assurance support on evaluations managed by the team.
• Coaching and supporting less experienced team members.
• Driving continuous improvement and process simplification.
• Applying expertise in value chains, Decision Quality methodology, economics model building, fiscal systems, commercial negotiations, risk & uncertainty, and value driver identification to enhance value propositions, prepare investment documents, and support planning and reporting processes.

What you bring

• Deep expertise in economics, analytical skills, and competence in opportunity framing, economics requirements, decision analysis, fiscal system fundamentals, risk & uncertainty, non-technical risk quantification, model building, and assurance.
• Strong leadership and engagement skills, with the ability to connect and communicate effectively across the organization and with external stakeholders, partners, and regulators.
• Resilience under pressure, decisiveness, pragmatism, and a sense of urgency.
• Ability to manage conflicting priorities using a risk-based approach, switching between high-level and detailed analysis as needed.
• Credibility and stature to build and maintain broad coalitions within the asset, leadership, and extended leadership teams.
• Excellent communication skills—verbal, visual, and written—to convey insights and influence senior leaders.
• Change management capabilities, with the ability to implement and manage change effectively in complex environments.
• Prior upstream business experience is advantageous.

What we offer

In return for your skills and experience, you\’ll work with talented, committed colleagues on one of the most critical challenges facing our planet. You’ll have opportunities to develop your skills in an environment that values honesty, integrity, and respect. You’ll be encouraged to grow personally and professionally.

• Contribute to the energy transition.
• Develop transferable skills for career progression.
• Work at the forefront of technology and industry trends.
• Collaborate with experienced professionals with diverse expertise.
• Enjoy a values-led culture that supports your personal best.
• Benefit from flexible working hours and remote working options.
• Receive a competitive salary with annual performance-based increases.
• Access paid parental leave, including for non-birthing parents.
• Join a diverse and inclusive organization, welcoming applicants of all backgrounds.
• Explore diverse career opportunities for growth.

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