Petroleum Economist

Required Skills

Must have a BSc in petroleum engineering, economics, or finance, with an advanced degree preferred. Requires 10+ years of experience in economic analysis, asset evaluation, and financial modeling within the oil and gas sector. Proficiency in economic modeling software like Excel, @Risk, or Merak Peep is essential, along with strong analytical, communication, and presentation skills. Knowledge of oil and gas fiscal systems, contracts, and regulatory frameworks is also required.

Job description / Role Job Type Full Time Job Location Dubai, UAE Nationality Any Nationality Salary Not Specified Gender Not Specified Arabic Fluency Not Specified Job Function Finance, Business Analysis & Consulting Company Industry Oil & Gas / Energy 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. Performing 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. Providing 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. Maintaining 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. Mentoring junior staff and providing 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. An 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. Demonstrate advanced proficiency in economic modeling software (e.g., Excel, @Risk, Merak Peep, or other industry-standard tools). Possess strong analytical, communication, and presentation skills with the ability to convey complex concepts to diverse audiences. Have knowledge of oil and gas fiscal systems, contracts, and regulatory frameworks. Demonstrate the ability to work independently and as part of multidisciplinary teams. 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 productive. Working 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 related programs. Tailored financial programs. Additional elected or voluntary benefits. The Baker Hughes internal title for this role is: Senior Principal, Geoscience & Petroleum, Disciplinary Engineering and Science. About us We are an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and conducting business in over 120 countries, our innovative technologies and services are taking energy forward – making it safer, cleaner, and more efficient for Apply Now