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  • Job reference: RMS0166679

Assistant Manager - Optimization Economics

  • Sector: Oil & Gas
  • Location: Doha
  • Job type: Contract
  • Date posted: 10/04/2016
  • Time left:
    d h m s
    (02/05/16)
This vacancy has now expired.
The Role:
Primary Purpose of the Job

Direct and supervise the creation and maintenance of comprehensive and complex economic and risk models for major oil and gas projects and producing facilities. Efficiently use economic and risk models for analysis to support decisions for optimizing the value of these assets. These decisions should have a vital impact on the short term and long-term economic interests of the business.

Principal Accountabilities

1. Direct the development and maintenance of economic models for existing upstream and downstream oil & gas investment for operated and non-operated projects;
2. Develop business processes, procedures, controls and standards to promote economic evaluation best practices;
3. Support the Commercial Optimization units in all relevant activities, especially with respect to value enhancement opportunities; Coordinate with the Business Development unit to design options for fiscal terms structure and conditions;
4. Support the asset management activities performed by the Field Development and Exploration function by evaluating and proposing changes to the plans / budgets submitted by oil & gas ventures.
5. Carry out post investment review of projects to utilize lessons learned from project evaluations in future investment decisions

Decision Making Authority
• This position is expected to have a significant impact on QP’s strategy, operations and, ultimately, cash flows and risk derived from QP’s asset portfolio. Analyses and recommendations that will be reported by this position will trigger significant decisions to be considered by QP executive management and, ultimately, the board of directors.
• A high degree of autonomy, confidentiality and ownership, all of which catered for in QP’s guideline and policies, will be required for the completion of the position’s responsibilities.

Context / Special Features / Challenges:

• Frequent interaction, both at senior executive and operating levels, will be required to undertake most of the position’s activities.
• Regular interaction with third parties, including business partners, advisors and other industry market players will also be a key component to the success of this position’s objectives.
• Challenges faced by this position are multifaceted, highly complex, unconventional and with no one correct solution requiring a high degree of comprehension and fair judgements.
• The position requires a high level of maturity, experience, confidence as well as solid analytics, business acumen skills. Integrity and ability to manage confidentiality within and outside QP’s organisation are a must.

Essential Skills / Qualifications:
• Bachelor degree in an appropriate engineering or relevant discipline from a recognized university. Related postgraduate qualification (MSc. or MBA) or experience is advantageous.
• Minimum 15 years work experience in various disciplines related to the Oil & Gas industry. With expertise in economics modelling, project economics evaluation, optimization modelling, feasibility study appraisal, business negotiation.
• Requires strong leadership, organisational, analytical and communication skills. Ability to manage inter-department relationships as well as senior management / partners’ executive relationships.
• Excellent problem solving, financial, economic skills as well as ability to work in multi-cultural environment. Excellent oral/written communication skills in English are required. Arabic is a plus.
• Ability to foster team work, train developees and coach staff.
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