Shell Senior Economist in Kazakhstan


Job Title:

Senior Economist

No. of Positions:


Job Description:


  • Responsible for providing high quality economic advice and decision analysis in support of Shell Kazakhstan business opportunities (NCPSA, Pearls PSA, CPC, Exploration, NBD, project development, business planning, reserves booking, investment proposal, and commercial activities).

  • Deputise for the Economics Team Lead.


  • Economic evaluation for specific assets, projects or investment opportunities, including modeling the economics of investments.

  • Articulate and challenge assumptions underpinning investment opportunities.

  • Contribute to the development and maturation of business opportunities and projects, and analyse uncertainty and risk in investment value.

  • Determine the value of assets, opportunities and businesses as required as part of the opportunity realization, asset management and business planning processes.

  • Assist asset and project teams and management to optimize value.

  • Coach staff across the business on economics principles, valuation and screening.

  • Build a relationship with customers (asset and project teams) as a trusted advisor.

  • Communicate, apply and refine economics guidelines and standards.

  • Use appropriate tools and methodologies for investment evaluation, and uncertainty and risk analysis.

  • Responsible for obtaining, calculating and submitting all asset business plan information need for preparation of P-masters.

  • Providing support for Shell Shareholder Advisers in terms of economic information and analysis.

  • Perform economic calculations for Group Investment Proposals (GIP) and commercial proposals (PCI, PCN) when necessary.

  • Provide information for asset business assurance process when required.

  • Calculate economic cut off for reserves, and formally report expectation reserves in conjunction with the reserves co-ordinator.

  • Provide economics input for strategy development.

  • Help drive the Economics agenda in Shell Kazakhstan as ‘Champion of Value’, and work with development/commercial team to optimize the development of opportunities.

  • Contribute to continuous improvement of Shell Kazakhstan Business processes and tools; ensuring proper documentation and reporting of activities; ensure adherence to established internal controls / mandates

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  • To co-ordinate input from various parties (PSA Operators, other departments), often located in different geographic locations and time-zones.

  • To manage conflicting deadlines between UPN, PSA Operators and Partner planning cycles.

  • To interface with a wide and diverse group of (technical) professionals, Operator and Partners representatives.

  • To ensure an audit trail for asset related economics evaluations and investment decisions.

  • Working on a variety of complex asset/project assets simultaneously.

  • To be expert in fiscal regimes in Kazakhstan.


  • 6+ years economics and finance experience

  • Familiar with Kazakhstan energy industry challenges

  • Commercial professional with good understanding of the Upstream business (preferably technical and commercial mix).

  • Prior upstream economics experience is essential, preferably gained through an Asset Economist role where ‘skill’ in the reserves booking and business planning processes has been firmly established.

  • Deep domain expertise of at least one fiscal regime e.g. Tax/Royalty, PSC, etc,

  • Numerate, with proven analytical skills and computer literacy.

  • A dedication to look for and quantify upsides, downsides and the \"unquantifiable\".

  • Ability to recognize links between wide ranging issues with the skill to develop overviews and propose solutions under changing circumstances.

  • Strong communication skills.

  • Strong HSSE focus and demonstrated track record of managing HSSE issues.

  • Leadership and staff management skills, and the ability to influence and motivate individuals from a variety of backgrounds.

  • Open minded, challenging others' and own assumptions and output; team player.

  • Results oriented with commercial focus, risk aware and dedicated to seek improvements in business performance.

  • Strong professionalism and integrity, trusting, trustworthy and respected, with customer understanding (responsive, yet critical and authoritative, able to hold a diverging view).

Work Location(s):

Astana - Ansar Business Centre



  • A member of the regional economics team, but usually with specific responsibility for a number of regional assets or a number of growth (new business/exploration) projects.

  • Project / investment dimensions can vary from $1 million to more than $1 billion.

  • Although an economist has individual areas of responsibility and has to operate with minimal supervision, there is a high level of interaction and support and challenge within project teams, and knowledge and idea sharing within regional and NBD economics teams.

  • Substantial liaison with engineers, subsurface specialists, strategy, planning, legal, tax, finance and commercial staff – a unique position to contribute to the evaluation and decision-making processes in the businesses.