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Job Description:

Kazakhstan is an important country with strategic significance in Shell's portfolio.  Shell has material interest in Kashagan, Karachaganak and the Caspian Pipeline Consortium.  In addition, Shell is currently maturing opportunities in exploration. The Karachaganak field is one of the three mega-projects in Kazakhstan with an initial in place volumes in excess of 10 bln bbls of Oil and 50 tcf of gas. The field is currently producing in excess of 380 kboe/d; with a diverse portfolio of plateau extension and expansion projects. Shell is in co-operatorship with ENI. The Kashagan Project, also a mega-project, is one of the largest developments in extreme conditions (e.g. ice, H2S, high pressure, shallow water) in the history of the oil and gas industry with close to 35 billion barrels of oil in place.  Like other similar projects, there are extensive risks and challenges in both the exploration and development phases. Kazakhstan is a complex business environment, prone to continuous negotiations and disputes. The commercial department of Shell Kazakhstan Development will manage all asset commercial, growth and portfolio issues relating to these assets and in collaboration with the shareholder representatives and Kazakhstan SVP, to ensure value for Shell is maximized.

PURPOSE:

• Responsible for economics requirements, providing high quality economic advice and decision analysis in support of Shell Kazakhstan business opportunities (NCSPSA Karachaganak FPSA, CPC, Exploration, NBD, project development, business planning, reserves booking, investment proposal, value defense and commercial activities).

 KEY ACCOUNTABILITIES:

• Support projects, OP and ARPR economics and/or economic modelling as required for the various opportunities/assets that are prioritised and assigned by the Economics Team Lead.
• Maintain and modify models from where necessary.
• Contribute to framing of specific opportunities, assist with framing the economics requirements and conduct appropriate decision analysis, and optimize based on fiscal systems, risk & uncertainty, quantification of non-technical risks, model modifications, and communicate value insights to help achieve high quality value propositions.
• Support to the development of business opportunities and projects, and analyse uncertainty and risk in investment value.
• Use appropriate tools and methodologies for investment evaluation, and uncertainty and risk analysis.
• Perform economic calculations for Group Investment/Divestment Proposals (GI/DP) and commercial proposals (PCI, PCN) when necessary.
• Work with development/commercial team to optimize the development of opportunities. Support Decision Analysis and Decision Quality in Shell Kazakhstan.
• Contribute to continuous improvement of Shell Kazakhstan Business processes and tools; ensuring proper documentation and reporting of activities; ensure adherence to established internal controls / mandates

DIMENSIONS:

• Project / investment dimensions can vary from $1 million to more than $1 billion.
• The Asset Economist will support projects as a core member of multi-disciplinary opportunity teams or natural teams focusing on integrating economics assumptions, maintaining valuation models and delivering value insights to enhance the opportunity value proposition in co-operation with the other members of the opportunity / Asset teams.
• The Asset Economist is expected to build strong working relationships with Asset stakeholders, BOMs and Project Teams.
• The Asset Economist will further deepen their experience in value chains, valuation analysis, Decision Quality methodology, valuation model building, fiscal systems, commercial negotiations, risk & uncertainty and prepare decision documents (PCNs, GIPs/GDPs) and stakeholder management.
• It is expected that applicants have experience with Excel based modelling and can modify economic models.
• The Asset Economist is required to have knowledge of economics guidelines.
• The Asset Economist is expected to be strong analytically as well as demonstrating technical, economics, commercial, financial understanding, to be a self-starter
• The Asset Economist is expected to demonstrate leadership behaviors appropriate for their role.  Specifically, the Economics Discipline values the following 5 core Behaviors:
• 1. Courageous – bring in right challenge and follow through
• 2. Curious – being inquisitive, curious and pro-active mindset
• 3. Adaptable – fit for purpose, being able to adapt
• 4. Collaborative – working together to find solutions
• 5. Generous – actively sharing and coaching to help others

SPECIAL CHALLENGES:

• To participate in economics forums and learning sessions
• To interface with a wide and diverse group of professionals across the TECOP spectrum
• To ensure an audit trail for asset-related economics evaluations and investment decisions.
• Working on a variety of business processes/ asset/project assets.

QUALIFICATION REQUIREMENTS:
The position of Asset Economist is assigned to a person who can report of the following:

• University degree
• Relevant experience in economics and finance
• Familiar with Kazakhstan energy industry challenges
• Commercial professional with good understanding of the Upstream business
• Prior upstream economics experience is advantageous, preferably gained through an Asset Economist role
• The Asset Economist is expected to be strong analytically as well as demonstrating technical, economics, commercial, financial understanding, a proficient verbal, visual and written communicator.
• Strong HSSE focus and demonstrated track record of managing HSSE issues.
• Results oriented with commercial focus, risk aware and dedicated to seeking improvements in business performance.
• Strong professionalism and integrity, trusting, trustworthy and respected, with customer understanding

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