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  • Job reference: RMS0166678

Senior Specialist - Business Development Economics

  • Sector: Oil & Gas
  • Location: Doha
  • Job type: Contract
  • Date posted: 10/04/2016
This vacancy has now been filled.

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The Role:
Primary Purpose of the Job:

Develop and maintain project based economic models and specific role based models for evaluating risks and profitability for all new Oil & Gas opportunities, including discussion of new fiscal terms, assets entering renegotiation phases, expiring Oil & Gas projects for extensions and/or renewals, divestments and new acquisitions. Support various units and departments within the company by providing economic input, key economic drivers and valuation results.

Principal Accountabilities

1. Develop and maintain economic models for all new oil and gas opportunities as identified by the Business Development department for potential green field developments, farm in, mergers or acquisitions, both domestically and internationally;
2. Develop and maintain economic models for existing projects with additional and / or changed fiscals to support new business and market growth;
3. Develop and maintain economic models for existing assets subjected to potential new fiscals renegotiations (i.e. due to contract expiry) or divestments;
4. Develop and maintain updated economic models for the acquired assets post mergers and acquisitions exercise;
5. Support the department to develop business processes, procedures, controls and standards to promote economic evaluation best practices;
6. Carry out post investment review of projects to utilize lessons learned from project evaluations in future investment decisions.
7. Support the Assistant Manager by performing economic analyses to provide economic guidance to the Business Development unit in all relevant activities, especially during negotiations of commercial agreements;
8. Support the Assistant Manager by performing economic analyses to provide several options for fiscal terms structure and conditions to the Business Development unit for fiscal terms negotiations;

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 10 years work experience in various disciplines related to the Oil & Gas industry. With expertise in one or more of economics modelling, project economics evaluation, optimization modelling, feasibility study appraisal.
• Requires strong 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.
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