Economic Advisor

Job Summary

The Economic advisor plays a key role in the Planning and Economics team by conducting critical pieces of economic / investment analysis in support of Azule business objectives.  

Responsibilities

• Responsible for economic evaluations and gaining deep modeling experience under various fiscal regimes;
• Work along and support technical and business development teams to maximize investment efficiency and value for the business;
• Key actor in the annual Reserve Certification and Ceiling test/impairment process;
• Responsible for establishing and implementing Macro Scenario assumptions to be adopted by the organization;
• Supporting Section Lead in team organization and monitoring deliverables;
• Supporting Analysts/Senior Analysts in developing their experience;
• Provide accurate economic evaluation and analysis.
• Support the technical and Business Development team with project presentation inside the organization and with external stakeholders;
• Maintain economic models, aligned with most recent agreement and legislation status;
• Establish net entitlement factor (NEF) forecasts based on Technical and Financial inputs;
• Keep update of the internal archive with the project authorizations and the list of the future expected ones;
• Monthly monitoring of authorized amount versus current expenditure;
• Annual monitoring and analysis of authorized ongoing project and future ones included in the Company business plan;
• Producing a proposal for the macro assumptions to be adopted by company before each Forecast/Budget process;
• Calculate the Net Present Value for each Development Area according to the company latest official long-life profile and latest adopted Macro Scenario;
• Coordinate reserves analysis and information provision as needed.

Requirements

• Modeling experience with Excel
• Ability to manage multiple sources of infomration to provide insights

Education & Experience

• Degree in Finance, Economics, Business Adminstration or Accounting
• 5+ years of experience

Azule Energy, a new journey!

We are a new international energy company located in Angola 

Our ambition is to provide energy for the Angolan people and partner with the country to navigate its energy transition. We will strive to create value for all stakeholders and put Angola at the core of what we do.

Why Azule

Combining the assets and workforces of bp and Eni in Angola, Azule Energy is a new standalone integrated energy company.

Our vision is to be a safe, responsible, diverse company that will pioneer cost-efficient oil and gas production, as well as help expand Angola’s renewables sector to support local energy consumption.

Azule is a leading upstream player, with exploration and production activities in 16 licensed blocks. Azule’s growing focus on natural gas plays will support Angola in its role as a global LNG exporter. In addition, Azule is developing new opportunities from renewables with a new solar business.

We are:

Partnering with Angola to enhance the country’s access to energy, creating employment and generating economic growth investing in new infrastructure and new technologies to drive the Angolan energy industry forward leveraging our unique expertise in exploration and fast-track project development operating in a way that is environmentally responsible, socially just and consistent with bp and Eni’s journey towards Net Zero. 

Governance

Azule Energy is an incorporated joint venture (IJV) between BP p.l.c. and Eni SpA. bp and Eni each holding a 50% share. Azule Energy operates in Angola under different Petroleum agreements which set out its contractual relationship with the Angolan Government (represented by the National Concessionaire). The referred agreements provide the framework for carrying out the Petroleum operations.

Responsible operatorship

Safety

The safety of our employees, contractors and local stakeholders is a fundamental value.

Grounded in bp and Eni’s legacy safety culture, staying safe entails more than the continued adoption of world-class practices and procedures.

Azule is committed to nurturing a trusting safety culture within an inclusive and diverse workplace where everyone is treated with respect and dignity.

Environmental protection

Azule Energy is committed to preserving the environment and to promoting carbon neutrality . Our policy remains consistent with bp and Eni’s environmental values and goals to reach Net Zero 2050.

Azule’s emissions will follow a sustainable trajectory in line with both companies’ environmental targets. Hydrocarbon production and greenhouse gas emissions are reported by the two parent companies on an equity share basis.

Social Sustainability

Azule is committed to promote the sustainable development of communities in the country, in line with the Government’s development plans and United Nations Sustainable Development Goals.

We have a portfolio of diverse social initiatives inherited from bp and Eni which target key development areas across access to energy, access to water, health, education and agriculture.

If you have any queries get in touch with us at recruitment@azule-energy.com