Former Petroleum Economist / Energy Analyst at Schlumberger
almost 3 years ago
The role of petroleum economics requires a lot of analytical skills. You will be evaluating projects that determine the future existence of oil and gas companies and create inputs for decisions that best optimizes the portfolio of energy companies. So employers for this role will be likely looking for some selected skills discussed below.
Firstly, you must be knowledgeable enough on the global oil and gas industry, project and petroleum economics, production and petroleum engineering. As a Petroleum economist you will be evaluating production numbers obtained from the production engineers through forecast, you must also have an in depth understanding of the prevailing fiscal regimes that determine ownership, profit share and government take on oil and gas assets.
Secondly, good use of evaluation tools such as Palisade, Merak and most popularly Microsoft excel will boost your profile in front of the interviewers. This is because you will not need to be trained on the use of such tools but it means you are ready to hit the ground running. These are tools you will be using on a daily basis as an analyst.
Good presentation and communication skills is vital for this role. As an economist you interact more with the C-suite staff (CEOs, CFO) than lower cadre employees, as they need your inputs to make business decisions.
In a nut shell, practice on good public speaking, be comfortable using excel, sql databases and have an overview understanding of the global oil and gas industry.