Statoil Principal Analyst Economic Analysis in Austin, Texas

Principal Analyst Economic Analysis


  • Job ID: 217276

  • Country: USA

  • Location: Austin, Texas

  • Company: Statoil Gulf Services LLC

  • Contact Name: Sam Choi

  • Workplace: Onshore

  • Discipline: Finance & Control

  • Education Preferred: Master's Degree

  • Experience Preferred: 5 - 7 Years

  • Closing Date: Oct 212017

Job Description

Statoil is an international energy company with operations in more than 30 countries. Building on 40 years of experience from oil and gas production on the Norwegian continental shelf, we are committed to accommodating the world's energy needs in a responsible manner, applying technology and creating innovative business solutions. We are headquartered in Norway with 21,000 employees worldwide, and are listed on the New York and Oslo stock exchanges. In just a few years Statoil has positioned itself as one of the largest lease holders in deepwater Gulf of Mexico (GoM). Our GoM portfolio is managed out of our Houston office. The Statoil Houston office, which was established in 2002, also manages our Alaska, Marcellus, Eagle Ford and Bakken shale gas portfolios. To date Statoil has invested more than USD $11 billion in US upstream activities, and currently produces more than 200,000 barrels of oil equivalent a day. We have US offices located in Anchorage, Austin, Houston, Stamford and Washington D.C. USA, and are looking for talented people to contribute to our growing activity base.

Job Description

The Principal Economic Analyst is a part of DPUSA Onshore F&C Team who provides economic analysis support for Onshore Operations. The tasks include but not limited to: (i) providing Management and Business with economic analyses and recommendations to support long term and short terms business planning, and to meet internal and external requirements; (ii) partnering with the Business to advice business decisions from economic standpoint, and (iii) serving as onshore expert on Statoil EA methodology and best practice. The analyst is responsible for leading or contributing to the deliveries in these areas, including stakeholder management and collaborating with other functions for their respective contributions into these tasks

The main responsibilities of the F&C Senior Analyst include:

Economic Analysis for short term and long term Business Plan

Development and management of financial models

Run economics to support short and long-term business and strategic planning

Portfolio and statistical analysis

Commercial assessment of acquisitions and divestments and other business development support

Economic analysis to support midstream and upstream commercial negotiations

Support performance management of key metrics and other internal and external reporting

Communicate and work with both internal and external stakeholders

Providing economic analyses and advice to the business to support daily decision making

Be part of the Assets and Functional teams to find optimum economic solutions for business issues

Advice, constructively challenge and support management and business to make the best economic decisions for company

Serve as EA expert for Onshore

Serve as EA expert for onshore, advice business and other members of the F&C team of Statoil EA methodology and approach

Provide guidance to the F&C team in challenged economic cases

Coach, share learnings and best practices with the Onshore Team and DPUSA F&C Network

Work with Head of Finance, DPUSA onshore on high level financial analysis in support of Strategy discussion, Performance Review meetings, etc

In addition to close partnership with Assets and Functions, all tasks above should be done in close collaboration with DPUSA F&C Onshore, Asset management, Accounting and other functions in DPUSA


University degree in Finance, Economics, Math or related area. Master degree is preferred

A minimum of 5-7 years of experience

A successful candidate must have strong background and experience in economics analysis and onshore business. A good understanding of Statoil EA methodology and practices is preferred

Strong analytical background, and ability to understand and address complex business issues

Understanding of integrated value-chain processes for oil and gas

Strong knowledge and experience using spreadsheets, power point and modeling skills

Personal Qualities

Self-driven, and ability to think outside of a box

Integrity, ability to remain independent and objective & challenge business decisions

Strong quantitative and analytical skills, structured with orderly working methods

Team player and collaborative

Good interpersonal skills, ability to independently manage complicated process with multiple layers of internal interfaces within tight deadlines

Business acumen with high standards, business ethics, and leadership in line with Statoil’s values

Excellent communication and presentation skills

Ability to live by "I am safety" expectations

We Offer

Statoil offers a competitive salary and a comprehensive benefit package. Statoil is an equal opportunity employer.

General Information

Make sure that we are able to give your application consideration: Please attach copies of your diplomas, certificates and grades in English or Norwegian (or another Scandinavian language). Applications submitted without such attachments will unfortunately not be evaluated. If you are in the process of completing a degree, please upload an official temporary transcript or other document describing subjects and grades completed to this point.

Our values are to be courageous, open, collaborative and caring. We believe in these qualities, which are essential for building an even stronger Statoil. If you can identify with them, you could be the one to strengthen our team. Candidates are expected to openly offer all relevant information about themselves during the recruitment process.

All permanent and temporary hires will be screened against relevant sanctions lists to ensure compliance with sanctions law and increase security.

An Equal Opportunity Employer: Females, Minorities, Veterans, Disables, and Other Protected Groups. Statoil is a VEVRAA Federal Contractor - priority referral requested.

We are an Equal Opportunity Employer and do not discriminate against any employee or applicant for employment because of race, color, sex, age, national origin, religion, sexual orientation, gender identity, status as a veteran, and basis of disability or any other federal, state or local protected class.