Economist

About PETROS:

At PETROS, we aim to achieve sustainable development for Sarawak and the nation through responsible resource management. We embarked on this journey with a purpose: Harnessing Resources for the Sustainable Progress of Sarawak and Beyond. Through innovation, collaboration and a forward-thinking approach, PETROS aims to pioneer solutions that pave the way for a more sustainable and equitable energy future.

Position Overview:

The role provides economic analysis and valuation support across oil, gas and energy-related businesses by developing robust economic models based on technical and commercial data into insights that support investment decisions, business planning and portfolio optimisation.

Key Responsibilities: 

• Perform economic valuations and provide actionable insights on investment opportunities and proposals to Business, Asset, Commercial and Business Development teams, supporting informed decision-making and negotiations.
• Develop, maintain and review fit-for-purpose economic models of varying complexity in Excel or similar commercial software, based on sound interpretation of fiscal, legal and commercial terms. This ranges from Upstream Production Sharing Contracts (PSC) to infrastructure and power generation projects.
• Analyse commodity prices (oil, gas, LNG, LPG, etc.) and market trends to deliver pricing insights.
• Evaluate audited financial statements to enhance cash flow projections and ensure alignment with financial realities.
• Validate and structure technical and commercial inputs prior to valuation to ensure data quality and traceability.
• Support commercial negotiations for investment opportunities and sales agreements through sensitivity/scenario analysis.
• Work closely with multi-disciplinary teams to evaluate development concepts and assess risks, value drivers and trade-offs.
• Promote consistency and clarity in economic valuations by implementing, refining and communicating economic evaluation process and guidelines.
• Contribute to the development of the annual business plan and budget, ensuring alignment with corporate objectives and financial targets.

Qualifications & Experience:

• Bachelor's Degree in Economics, Engineering, Accounting, Finance or a closely related discipline.
• Minimum 5 years of working experience with strong analytical and problem-solving capability.
• Prior experience in oil and gas or Upstream PSC structures (including cost recovery mechanism, fiscal terms, commercial elements, cost and production) will be an advantage.
• Has experience in financial modelling, discounted cash flow analysis and cost benefit analysis.
• Strong interpersonal skills (listening, inquiry, advocacy, facilitation and negotiation), results-driven and comfortable working in a diverse and fast-paced work environment.
• Demonstrated capability in discounted cash flow (DCF) analysis, cost-benefit analysis, sensitivity modeling, and risk assessment. 

What We Offer:

• A dynamic and inclusive work environment that fosters growth and innovation.
• Competitive compensation and benefits package, including healthcare, retirement plans, paid leave etc.
• Opportunities for professional development and career advancement within a global organization.
• The chance to be part of transformative projects that impact Sarawak and beyond.

Application Deadline: 31 January 2026