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 stakeholders. The team reports to the Commercial Manager for 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. This company, based in Aberdeen, will be an Incorporated Joint Venture (IJV), owned equally by Shell and Equinor, 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. Upon formation of the new company, employment for the successful candidate will transfer under the TUPE regulations, with completion estimated for 1 December 2025. Further details will be provided during the recruitment process.

What You’ll Be Doing

• Supporting UK Offshore assets and projects and ensuring production longevity into the next decade. Optimizing value and providing decision analysis support for growth and energy transition initiatives.
• Preparing for and managing the transition from Shell to the IJV from an economics perspective.
• Managing a team of economists, including project prioritization, staff development, recruitment, and succession planning; acting as a focal point for senior stakeholders.
• Providing economics assurance on evaluations.
• Coaching and supporting less experienced team members.
• Driving continuous improvement and simplification.
• Applying expertise in value chains, decision quality methodology, economics modeling, fiscal systems, negotiations, risk & uncertainty, value drivers, investment documentation, and stakeholder management.

What You Bring

• Deep knowledge of economics, strong analytical skills, experience in opportunity framing, economics requirements, decision analysis, fiscal systems, risk & uncertainty, model building, and assurance.
• Strong leadership and communication skills to engage a broad organization and external stakeholders.
• Ability to perform under pressure with resilience, urgency, and pragmatism.
• Skill in balancing conflicting priorities using a risk-based approach.
• Credibility to build and maintain relationships within the organization and externally.
• Excellent communication skills to convey insights and influence senior leaders.
• Experience in change management and a mindset of continuous improvement.
• Upstream business experience is advantageous.

What We Offer

• Opportunities to work on significant energy transition challenges.
• Growth in transferable skills and exposure to cutting-edge technology and practices.
• Collaboration with experienced colleagues.
• A values-led culture emphasizing honesty, integrity, and respect.
• Flexible working arrangements and remote work possibilities.
• Competitive salary with annual increases.
• Paid parental leave, including for non-birthing parents.
• A diverse and inclusive workplace.
• Career development opportunities.

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