Asset Planning, Economics, & Performance Analysis Lead at Ralds & Agate

Mission / Purpose of the Job

This role is responsible for leading the development of asset plans, economic evaluations, and performance analysis to optimize the company's oilfield assets. The position involves analyzing production data, forecasting future performance, and identifying opportunities for improvement. The individual will provide strategic insights to inform business decisions and drive asset performance.

Job Responsibilities

Asset Planning & Development Forecasting

• Develop comprehensive short, mid, and long-term asset plans aligned with the company's operational and financial goals
• Create production forecasts based on technical and economic data, ensuring accuracy and feasibility
• Plan and manage resource allocation to optimize asset performance and operational efficiency
• Integrate inputs from engineering, operations, and finance teams to ensure cohesive asset development strategies
• Update asset plans regularly to reflect changing field conditions, project statuses, and business priorities

Economic Evaluation & Financial Modelling

• Conduct detailed economic evaluations of field development projects using metrics such as NPV, IRR, and payback period
• Build and maintain financial models that assess the viability of new and existing assets
• Perform scenario and sensitivity analyses to evaluate risk and optimize investment decisions
• Lead the assessment of new project economics including drilling programs, facility upgrades, and cost optimization opportunities
• Provide economic input to support capital budgeting and portfolio planning processes

Performance Monitoring & Operational Analysis

• Monitor asset performance using key indicators such as production efficiency, operating costs, and recovery factors
• Analyze variances between forecasted and actual performance and recommend corrective measures
• Identify underperforming assets and develop action plans for improvement