Malayan Flour Mills Berhad

Petroleum Economist

Malayan Flour Mills Berhad  •  Kuala Lumpur, MY (Onsite)  •  5 hours ago
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Job Description

Responsibilities

  • Economic Evaluation & Asset Value Optimisation
  • Develop and maintain economic models for producing assets and new development projects.
  • Evaluate commercial viability of brownfield projects, including infill drilling, workovers, tie-backs, and redevelopment opportunities.
  • Perform valuation analysis (NPV, IRR, breakeven, sensitivities) to support decision-making.
  • Assess the impact of technical, cost, and production uncertainties on asset value.
  • PSC Fiscal Analysis (Malaysia)
  • Apply and interpret Malaysia PSC fiscal regime, including cost recovery, profit sharing, tax structures and incentives.
  • Ensure accurate representation of PSC terms in economic models.
  • Support identification of opportunities to optimise value within PSC frameworks.
  • Portfolio Performance & Analysis
  • Analyse asset performance and identify value enhancement opportunities.
  • Support capital allocation discussions through comparative economic analysis.
  • Contribute to business planning, budgeting, and portfolio reviews.
  • Selective Opportunity Screening
  • Support evaluation of near-field and incremental opportunities within or adjacent to existing assets.
  • Provide economic inputs into opportunity screening and benchmarking activities.
  • Collaboration & Integration
  • Work closely with subsurface, wells, facilities, finance, and commercial teams to integrate inputs into economic models.
  • Translate technical inputs into clear commercial insights for decision-making.

Requirement

  • Degree in Economics, Finance, Engineering or related discipline.
  • Minimum 5 years' experience in upstream oil & gas economics or commercial roles.
  • Experience working with Malaysia PSC fiscal regimes is essential.
  • Experience in asset evaluation and project economics.
  • Strong economic and financial modelling capabilities.
  • Advanced proficiency in Microsoft Excel and PowerPoint.
  • Experience with industry-standard economic tools such as:
  • PEEP (Petroleum Economic Evaluation Package)
  • Aries, PHDWin or equivalent
  • Working knowledge of automation or programming tools (e.g. VBA, Python) is an advantage.
  • Familiarity with sensitivity, scenario, and uncertainty analysis.
  • Strong analytical and problem-solving skills.
  • Good understanding of upstream value drivers and cost structures.
  • Ability to assess uncertainty and generate practical insights.
  • Strong team player with ability to work in multi-functional teams.
  • Effective communicator, able to simplify technical concepts.
  • Proactive, detail-oriented, and delivery-focused.
Malayan Flour Mills Berhad

About Malayan Flour Mills Berhad

Established in 1961, Malayan Flour Mills Berhad (MFM) is the pioneer in the flour milling industry in Malaysia. MFM has grown to become the leading flour miller in Malaysia with regional presence in Vietnam and Indonesia. Over the years, we have expanded into poultry integration, aquaculture, and raw material trading. In FY21, the group revenue was RM2.43 billion.

MFM is one of the major poultry integrators in poultry feeds, breeding, farming with a state-of-the-art processing facility across the poultry value chain. Designed to meet the domestic and international markets, the advanced facility will process up to 300,000 birds per day.

With our asset of 3,000 people, we have transformed and grown in Malaysia and regionally. Synergising with our workforce, we embrace Artificial Intelligence, Big Data, Internet of Things (IoT) in our day-to-day business. Through our partnership with Tyson Food, Inc. and Toyota Tsusho Group, we aspire to be a leading global halal food enterprise while achieving sustainable development goals.

Building the workforce of the future…Today. We invite you to be part of our team!

Visit https://www.mfm.com.my/careers/ or apply via the Jobs tab in Linkedin.

Industry
Food & Beverage
Company Size
201-500 employees
Headquarters
Kuala Lumpur, MY
Year Founded
1961
Website
com.my
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