Economics Team Lead
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, together with the economics to support annual business planning and reserves reporting exercises for all UK Upstream assets and projects. As the team lead, you will optimise development opportunities for its economists and ensure flexible and efficient economics support for its stakeholders. The team reports into 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. The new company, based in Aberdeen, will be an Incorporated Joint Venture (IJV), owned by Shell (50%) and Equinor (50%) and will operate independently. As the UK North Sea’s biggest independent producer, the profile and expectations of the IJV are very high from a wide array of stakeholders – including other industry partners, regulators and government alike.
This is a position in the Shell’s Aberdeen Upstream Organisation. On 5th December 2024, Shell announced that there would be a new company entity formed with Equanor for North Sea Assets where they will jointly own the new company. At completion the employment of the successful candidate for this role will transfer to the new company under The Transfer of Undertakings (Protection of Employment) Regulations 2006 (“TUPE”)). Completion is currently estimated to take place on 01 December of 2025. More information can be shared during recruitment process.
What you’ll be doing
Your main responsibilities as the UK Economics Team Lead can be summarised as follows:
Based in Aberdeen, your team will support UK Offshore assets and projects and production longevity deep into the next decade. Optimising the value delivered from these assets and providing insightful decision analysis support for growth / energy transition agenda is of critical value to the IJV and Shell
Preparation for, and implementation of the transition from Shell to the IJV from an economics perspective.
Managing a team of economists (prioritization / allocation of projects, development of staff, recruiting/succession planning etc.); focal point for internal senior stakeholders
Providing economics assurance support on evaluations that the team is responsible for
Providing coaching and support to less experienced team members on their projects
Driving continuous improvement and simplification
Deploying your experience in value chains, Decision Quality methodology, economics model building, fiscal systems, commercial negotiations, risk & uncertainty, identifying value drivers and using these to improve value propositions, preparing investment decision documents, efficient economics support for annual planning and reporting processes, assurance and stakeholder management
What you bring
Expert knowledge and application of economics with strong analytical skills and competence in framing opportunities, framing economics requirements and appropriate decision analysis, fundamentals and optimisation of fiscal systems, risk & uncertainty, quantification of non-technical risks, model building, economics assurance
This role requires strong integrative leadership and engagement/communication skills with the ability to connect with and engage a broad organisation, as well as a range of external stakeholders, partners, and regulatory bodies
Ability to deliver under pressure, high resilience, sense of urgency and decisiveness, coupled with a strong sense of pragmatism and reality
Ability to balance many sometimes-conflicting priorities, using a risk-based approach and switching from “light-touch” to “deep-dive”
The personal / professional credibility and stature to build and maintain a wide and deep coalition, within the asset, company leadership and extended leadership is key
Excellent verbal, visual and written communication to convey value insights to help achieve high quality value propositions. Confidence to influence senior leaders in all areas relevant to the opportunities in the team’s portfolio
Continuous change is a given and change management skills and capability is critical; ability to thrive in an environment of implementing and managing change in a complex environment is also key. The successful candidate will be expected to role model continuous improvement and a learning mindset
Prior Upstream business experience would be advantageous
What we offer
In return for the skills and experience you bring, you will work with talented, committed people on one of the most important challenges facing our planet. You’ll have the opportunity to develop the skills you need to grow in an environment where we value honesty, integrity, and respect for one another. You’ll be able to balance your priorities as you become the best version of yourself.
Progress as a person as we work on the energy transition together.
Continuously grow the transferable skills you need to get ahead.
Work at the forefront of technology, trends, and practices.
Collaborate with experienced colleagues with unique expertise.
Achieve your balance in a values-led culture that encourages you to be the best version of yourself.
Benefit from flexible working hours, and the possibility of remote/mobile working.
Perform at your best with a competitive starting salary and annual performance related salary increase.
Take advantage of paid parental leave, including for non-birthing parents.
Join a diverse and inclusive organisation. We strongly encourage applicants of all genders, ages, ethnicities, cultures, abilities, sexual orientation, and life experiences to apply.
Grow as you progress through diverse career opportunities