What's the role
You will be the team leader for a group of six economists that together form the UK Upstream Economics Team. This team is responsible for high-quality economics decision analysis for investment decisions, supporting annual business planning and reserves reporting for all UK Upstream assets and projects. As the team lead, you will optimize development opportunities for its economists and ensure flexible and efficient economics support for stakeholders. The team reports to the Commercial Manager for the UK Upstream, and you will be a member of the Commercial Leadership Team.
In December 2024, Shell and Equinor announced an agreement to combine most of their UK offshore oil and gas assets and expertise to form a new company. This company, based in Aberdeen, will be an Incorporated Joint Venture (IJV), owned equally by Shell and Equinor, and will operate independently. As the UK North Sea's largest independent producer, the IJV has high expectations from stakeholders including industry partners, regulators, and the government.
This position is within Shell's Aberdeen Upstream Organisation. Upon formation of the new company, employment will transfer to the IJV under TUPE regulations, estimated to occur on 1 December 2025. Further details will be shared during the recruitment process.
What you'll be doing
Your main responsibilities as UK Economics Team Lead include:
1. Supporting UK Offshore assets and projects, focusing on long-term production and value optimization, as well as supporting growth and energy transition initiatives.
2. Preparing for and implementing the transition from Shell to the IJV from an economics perspective.
3. Managing a team of economists, including project prioritization, staff development, recruitment, and succession planning.
4. Providing economics assurance for evaluations handled by the team.
5. Coaching and supporting less experienced team members.
6. Driving continuous improvement and simplification of processes.
7. Applying expertise in value chains, Decision Quality methodology, economics modeling, fiscal systems, negotiations, risk & uncertainty, and stakeholder engagement to enhance value propositions.
What you bring
* Deep knowledge and application of economics, strong analytical skills, and experience in opportunity framing, decision analysis, fiscal systems, risk & uncertainty, and model building.
* Strong leadership and communication skills to engage a broad organization and external stakeholders.
* Ability to perform under pressure with resilience, decisiveness, and pragmatism.
* Skill in balancing conflicting priorities using a risk-based approach and adapting the level of analysis as needed.
* Credibility to build and maintain a wide network within the organization and externally.
* Excellent communication skills to convey insights and influence senior leaders.
* Adaptability to change, with strong change management capabilities and a learning mindset.
* Experience in upstream oil & gas is advantageous.
What we offer
Join a dedicated team working on one of the most critical challenges facing our planet. We offer opportunities for personal growth, skill development, and working at the forefront of technology and trends. Benefits include flexible working arrangements, competitive salary, performance-related increases, parental leave, diversity and inclusion initiatives, and diverse career opportunities.
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