Ongoing Career Opportunity for Economist at Oando Plc

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Oando Plc is one of Africa’s largest integrated energy solutions provider with a proud heritage. It has a primary listing on the Nigeria Stock Exchange and a secondary listing on the Johannesburg Stock Exchange. With shared values of Teamwork, Respect, Integrity, Passion and Professionalism (TRIPP).

We are recruiting to fill the position below:



Job Title: Economist

Location: Nigeria
Job Type: Full-time
Entity: OER
Unit / Department: Planning & Economics / Commercial
Reports To: Senior Economist

Summarize briefly the major function and purpose of the position:

  • The Economist is to liaises with: Asset Managers, Business Development Managers, Finance Managers, Investor Relations Professionals, Geologists, Geophysicists, Technical Leads, External Consultants to provide efficient, fit for purpose and commercially robust analysis for decision support and statutory reporting.
  • The Economist will also contribute to ensure efficient distribution of limited financial resources to the various assets within the organization and evaluate the economic viability of potential acquisitions and/or divestments.
  • The individual will develop, analyze, and execute sound economic models that will drive strategic decision making and allocation of current resources.
  • The Economist is expected to make economically driven recommendations through the use of economic models, cash flows and other methodologies.
  • This process will then enable OE R to evaluate proposals in terms of the organization’s priorities and financial resources.
  • Through the year, the Economist will periodically monitor the asset portfolio by generating and reviewing reports to determine if project s remain economic vis a vis changes in forecasts, assumptions and current realities.
  • If value erosion occurs between FID and actual performance, the supervisor will be expected to write a report explaining the value erosion and recommending revised procedures to avoid or alleviate deficits.

Major Responsibility Area:

  • Identify the major duties and tasks accomplished by this position.

Essential Function

  • Research and provision of practical best practice in various asset class evaluation and risk evaluation
  • Monitoring and modeling of fiscal and financing environment variables relating to specific projects and assets
  • Conducts, market research, competitive analysis, asset benchmarking and specific topical research and analysis as required.
  • Complies with approved decision making and monitoring systems, processes, procedures & policies’ and ensures effective controls are adhered to in handling job duties Responsibility for oversight and development of the Economist(s)
  • Supports the origination, closing and on-going management of transactions.
  • Develops the models for commercial evaluation and Decision analysis
  • Proactively review and challenge operating effectiveness and costs and critique assumptions to ensure they are realistic
  • Works with the Asset Managers and other technical and commercial functions , to provide economic models for the assets and projects in OER’s portfolio
  • Monitor commerciality of existing projects in the investment portfolio.
  • Evaluate potential assets to ascertain viability for acquisition/divestment and merger targets.

Key Performance Indicators:

  • Quality, comprehensiveness, timeliness and accuracy of data provided for analysis.
  • Quality and depth of evaluation and analysis
  • Accuracy and timeliness of output for Decision making and to meet statutory reporting timelines
  • Creativity and innovativeness.
  • Initiative and enthusiasm, constant self-improvement
  • Adherence to policies, processes and procedures.
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Job Specification

  • Undergraduate Degree in Petroleum disciplines or Business / Economics or other relevant fields from a reputable university.
  • Postgraduate degree in economics or petroleum or energy related disciplines are a plus but not necessarily required.
  • 3 – 5 years’ post NYSC experience in an operator environment (e.g. Planning, Business Development) or a strongly numerical and analytical role in Finance or Asset Management; alternatively 4 – 6 years in a non-operating company in similar roles
  • Talented, creative and with strong Business commercial value acumen.
  • Competent application of petroleum economics, risk and decision science and Nigerian fiscal terms.
  • Advanced competencies in using Excel, Word and PowerPoint software programs.
  • Ability to structure and develop complex models and transactions, and interrogate role specific software.
  • Provide competent analysis of third party commercial evaluations and any business analysis engagement of the commercial evaluation process and deliverables

Core Competencies:

  • Outstanding financial modeling skills: numerical & analytical skills, and presentation skills.
  • Strong research & Prospecting Skills. Able to dig up data and information quickly
  • Interpersonally strong with superior presentation skills and the ability to influence all levels within the organization
  • Basic knowledge of IPO’s, capital raising and Mergers and Acquisitions
  • Creativity and innovation.
  • Integrity.
  • Expert understanding of Oil & Gas Industry Dynamics.
  • Networking & Relationship Management.
  • Able to access the bigger picture, but comfortable working within a detail driven environment
  • Business performance monitoring and reporting.



How to Apply
Interested and qualified candidates should:
Click here to apply





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Important Notes

  • The above statements are intended to describe the general nature and level of work to be performed by people assigned to this job.
  • They are not to be construed as an exhaustive list of all responsibilities, duties and skills required of personnel so classified.
  • All personnel may be required to perform other responsibilities in addition to those specified from time to time, as needed.
  • We do not charge any application, processing, training, interviewing, testing or other fee in connection with the application or recruitment process. Should you receive a solicitation for the payment of a fee, please disregard it.
  • Furthermore, please note that emblems, logos, names and addresses are easily copied and reproduced. Therefore, you are advised to apply particular care when submitting personal information on the web.
  • We are an equal opportunity employer and value diversity inclusion. We do not discriminate on grounds of colour, race, nationality, religion, age, ethnic origin, disability, gender, marital status, or sexual orientation in our employment practices
  • Our people are all equally gifted in unique ways: we come from diverse traditions, personal experiences and points of view. And we want to include yours, Are you ready to inspire us with your ideas?
  • We encourage all applicants to apply and does not practice any discrimination in any recruitment process.
  • Applications submitted after the deadline will not be considered.
  • Due to the urgency of the position, we have the right to recruit a candidate who matches the required profile before the above deadline
  • Only qualified candidates will be invited for interview
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