At a Glance
- Tasks: Analyse economic models and provide insights for energy transition projects.
- Company: Leading Oil and Gas Operator focused on innovative energy solutions.
- Benefits: Competitive PAYE contract, professional development, and a dynamic work environment.
- Other info: Opportunity to work closely with regulators and industry leaders.
- Why this job: Join a pivotal role in shaping the future of energy with impactful projects.
- Qualifications: Degree in economics or related field; advanced modelling skills required.
The predicted salary is between 60000 - 80000 £ per year.
Our client, an Oil and Gas Operator is seeking a Regulated Asset Economist. This is an initial 12 month PAYE contract role based in Aberdeen.
Job Overview
Provides detailed economic and unit cost analysis to support the commercialisation of the client’s portfolio of energy transition opportunities, including the carbon storage project, formation of an integrated CO2 shipping hub, and development. Owner of economic models, analysis and value optimisation insights.
Accountabilities
- Develop and maintain economic models, including the Regulated Asset Base economic model.
- Ensure models are aligned with policy and regulatory parameters and leverage deep insights to ensure the client maximises the value from its proposed developments.
- Provide deterministic and probabilistic economic analysis to inform key project decisions.
- Provide decision quality subject matter expertise to help ensure key decisions are high quality and timely.
- Provide discounted and undiscounted unit cost analysis to benchmark the client’s opportunities and aid the optimisation of opportunities.
- Responsible for ensuring models are accurate, and auditable, to build trust in investment analysis and propositions.
- Remain abreast of the evolving energy transition landscape, including technology, policy, regulatory framework, and investor sentiment to position projects for success.
- Interpret changes and reflect in relevant models.
- Maintain a positive relationship with relevant regulators and commercial interfaces such as Ofgem and LCCC.
- Responsible for readying the organisation for future phases of economic regulation including negotiations, price controls, and audits.
- Communicate complex economic analysis clearly to senior leaders, regulators and cross-functional stakeholders.
- Any other associated duties as reasonably required.
Competence & Qualifications
Technical Skills
- Advanced Excel-based financial and economic modelling and data analytics.
- Unit cost and Levelized Cost of Abatement (LCOA) analysis.
- Whole-life cost and net present value (NPV) analysis.
- Deep understanding of regulated asset frameworks including incentives, penalties, allowed return, WACC, financing and risk parameter modelling.
Qualifications
- Degree in economics, finance, engineering, energy, or related discipline.
- Postgraduate qualifications and/or professional accreditation (e.g., CFA, chartered accountant) are advantageous.
Regulated Asset Economist employer: Strategic Resources ERC Ltd
Join a leading Oil and Gas Company in Aberdeen as an SAP Administrator, where you will be part of a dynamic team committed to excellence and continuous improvement. Enjoy a hybrid working model that promotes work-life balance, alongside opportunities for professional growth and development in a supportive environment that values collaboration and innovation. With a strong focus on safety and adherence to core values, this role offers a meaningful chance to contribute to impactful projects while enhancing your skills in a thriving industry.
Contact Details:
Strategic Resources ERC Ltd Recruitment Team
