Senior Specialist, Petroleum Economist
Job post no longer accepts applications
ADNOC
JOB PURPOSE :
Execute Economic modelling, analysis and evaluation of upstream projects and transactions pertaining to the successful delivery of Thamama Excellence Center (TEC) portfolio of projects including both national and international projects executed in co-operation with Joint Venture partners. Evaluate the economic impact of technologies developed by TEC. Support the economic evaluation of strategic themes such as water management, collaborating with TEC SMEs to identifying and optimize key value drivers.
Provide advice to the management in the financial / economic decision making across TEC managed projects.
Ensure application of best in class tools and techniques and for finding the structuring, financing and commercial solutions required to enhance the feasibility of projects as well as their return on investment.
KEY ACCOUNTABILITIES
Projects Economics
Internal
QUALIFICATIONS, EXPERIENCE, KNOWLEDGE & SKILLS:
Minimum Qualification
Physical Effort
Work Environment
Execute Economic modelling, analysis and evaluation of upstream projects and transactions pertaining to the successful delivery of Thamama Excellence Center (TEC) portfolio of projects including both national and international projects executed in co-operation with Joint Venture partners. Evaluate the economic impact of technologies developed by TEC. Support the economic evaluation of strategic themes such as water management, collaborating with TEC SMEs to identifying and optimize key value drivers.
Provide advice to the management in the financial / economic decision making across TEC managed projects.
Ensure application of best in class tools and techniques and for finding the structuring, financing and commercial solutions required to enhance the feasibility of projects as well as their return on investment.
KEY ACCOUNTABILITIES
Projects Economics
- Execute Economic modelling, analysis and evaluation on upstream projects managed within the TEC and provides direction and advice on all projects in the project funnel, in relation to the economic viability and risk related to the projects.
- Lead project teams together with the other TEC disciplines, contractors and partner staff to deliver optimal structuring, financing and commercial solutions on a wide range of petrochemical investment projects.
- Support structuring and developing opportunities in a way that has a strong strategic fit with the endorsed upstream strategy through the entire deal cycle with the aim of successful culmination in the form of formal agreements.
- Support negotiations on individual projects with economic, financial and commercial insights.
- Support and ensure that the right projects are being selected to progress based on feasibility and Financial and Economic criteria.
- Ensure that proposed solutions are achievable and consistent in their approach across the project portfolio and aim to deliver maximum value to ADNOC.
- Ensure that project teams identify, understand, manage and mitigate all project and business risks.
- Co-operate with function in upstream on individual project opportunities for selection and development of new projects in order to implement the best technical choices and structuring options on the transactions.
- Support techno-economic feasibility studies of new projects to deliver growth and economic value from upstream projects.
- Participate to the regular project meetings, provide an overview on progress, risks, trajectory, etc. and addressing specific questions for the projects.
- Plan, supervise and coordinate all activities in the assigned area to meet functional objectives.
- Train and develop the assigned staff on relevant skills to enable them to become proficient on the job and deliver the respective section objectives.
- Provide input for preparation of the Division's budgets and assist in the implementation of the approved Budget and work plans to deliver Section objectives.
- Investigate and highlight any significant variances to support effective performance and cost control.
- Implement approved Project policies, processes, systems, standards and procedures in order to support execution of the division's work programs in line with Company and International standards.
- Contribute to the achievement of the approved Performance Objectives for the Division in line with the Company Performance framework.
- Design and implement new tools and techniques to improve the quality and efficiency of operational processes.
- Identify improvements in internal processes against best practices in pursuit of greater efficiency in line with ISO standards in order to define intelligent solutions for issues confronting the function.
- Comply with relevant HSE policies, procedures & controls and applicable legislation and sustainability guidelines in line with international standards, best practices and ADNOC Code of Practices.
- Provide inputs to progress reports for TEC Management.
Internal
- Regular contact with the Manager, VP and SVP and other team members
- Contacts with other functions in upstream up to SVP levels
- Regular contacts with other directorates
- Regular Contacts with management and project teams of overseas and national investors, customers, suppliers and joint venture partners in discussions, negotiations and at Board meetings.
- Regular contacts with ADNOC and Abu Dhabi subsidiaries/ventures and partners etc. and with technical contractors, project and business consultants and outsourcing service providers.
- Regular contact with consultants/suppliers on matters related to acquisition of services.
- Occasional contact with Government organisations and entities such as Abu Dhabi Executive Council, Ministry of Energy, Department of Economic Development, Abu Dhabi Investment Authorities and Gulf Cooperation Council, etc.
QUALIFICATIONS, EXPERIENCE, KNOWLEDGE & SKILLS:
Minimum Qualification
- Bachelor's Degree in Economics / Engineering / Finance; or relevant disciplines with supporting experience. Master's degree or MBA is preferred.
- 10 years' relevant experience in NOC's/IOC's, including at least 6 years in a progressive project managerial / leadership positions.
- Major Finance and economic modelling experience is essential.
- Demonstrated knowledge and experience of strategic project planning and management
Physical Effort
Work Environment
- Minimal - regular walking, standing and keyboard use, as required.
- Frequent business travels within Abu Dhabi and overseas and occasional site visits as and when needed
- Mostly air conditioned environment. Exposed to prevailing environmental conditions during plant visit; may be required to use protective safety clothing or gear while visiting plants
JOB SUMMARY
Senior Specialist, Petroleum EconomistADNOC
Abu Dhabi
12 days ago
N/A
Full-time