JOB VACANCIES-LSDC

1. Planning & Economics Manager Reports to the COO

JOB SUMMARY

The Planning & Economics Manager is responsible for the Economic analysis and planning of investment opportunities. He/She owns leads, and co-ordinates Business planning activities and cycle time. The position is responsible for developing detailed fit for purpose Economical Models for investment decision making & value creation, while also acting as the commercial investment advisor to the COO to ensure identification of new value-adding E&P opportunities and subsequently grow the company asset portfolio.

The Incumbent will work with other functions such as petroleum engineering functions, Finance, legal & government bodies, for the collection of Economic data to ensure accurate Economic modelling in addition to conducting sensitivity analyses to better clarify investment decisions.

SPECIFIC DUTIES

 Ensure alignment of company strategy with plans

 Produce the annual five-year Production Business Plan - derived from the Asset Reference Plan (ARPs)

 Prioritizing business opportunities and communicate medium and long range plan, based sound analysis, to the leadership team

 Drive the generation and update of cross-asset Operations Philosophy and long term production strategy

 Build production opportunities portfolio into the company’s business plan and report performance against set targets

 Build & monitor risks matrix.

 Drive integration of Activity, Budget & Contract Plans on behalf of the department

 Report overall performance against related KPIs in the business plan

 Implement and drive benefit capture of relevant initiatives / change programmes with area of responsibility

 Drive the planning process across the production assets / service teams and integrate into ARPs

 Co-ordination of other Heads of team on planning and performance management deliverable

 Support COO’s accountabilities for planning and delivery of sustainable production, Base programme activities and Asset Integrity

 Alignment with and focus on fundamental value drivers for sustainable base operation

o Effective management of production enhancement opportunities portfolio

o Protecting asset value – whilst reducing unit Opex

o Compliance with standards

 Maintain a sustainable centralised capacity for integrated planning across all departments and assets

 Coordinate the challenge and review of plans and ensure alignment with activity based planning

 Co-ordinate Planning input to Budget Proposals

 Provide Management Information (MI) support to company’s Leadership Team on Programme, Budget and Strategic Business issues

 Build production opportunities portfolio into the company’s business plan and report performance against set targets

 Build & monitor risks matrix.

 Drive integration of Activity, Budget & Contract Plans on behalf of the department

 Report overall performance against related KPIs in the business plan

 Implement and drive benefit capture of relevant initiatives / change programmes with area of responsibility

 Co-ordination of other Heads of team on planning and performance management deliverable.

 Lead change to improve the performance of the planning activities and cycle time.

 Communicating investment evaluation premises & guidelines

 P-Master Economics for capital allocation & business plans

 Economics for budget proposal & notes for information

 Exploration Economic modeling and integrations

Integration of economic / financial modeling and tools

 Economics for Value Assurance Reviews (VAR) and support to technical development teams

 Drive standardization of planning and economics tools

 Project screening and ranking to optimize business decisions based on available resources

 Support reviews and communications of plan and budgets with JV partners

 Structure and maintain the Asset scorecards

 Skills development of staff

QUALIFICATIONS & EXPERIENCE

 1st degree in Engineering, Finance, Investment Management, Business Administration, Economics or Accounting. MBA from a reputable institution of learning is an added advantage

 A senior technical or commercial professional with above 7 years of Business Planning, Economics and investment valuation experience across a wide range of roles and environments, and not less than 12years E&P experience.

KNOWLEDGE AND SKILLS REQUIRED

Technical Skills

 Professional mastery in Economics with deep understanding of its application in the Oil & Gas development and production environment.

 Must possess deep understanding of the integrated Oil & Gas Development & Hydrocarbon life-cycle management and its fundamental value drivers

 Bottom-line focused with proven technical & commercial skills to support functional directors on planning and delivery of maximum asset value

 Demonstrated good understanding of the multi-disciplinary aspect of the E&P business

Leadership & People Development Skills

 Proven change capacity, catalyst for change and ability to drive and embed new ways of working to deliver business improvement gains

 Must demonstrate sufficiently confidence to coordinate and challenge line managers on the management of company plans and performance

 Proven good leadership, networking presentation and facilitation skills

 Must command respect of line managers and subordinates with an impeccable personal integrity and respect for people

 Large capacity to work under pressure and consistently deliver high quality results

 Must have good leadership skills particularly in personal effectiveness, motivating coaching and developing others

2. Asset Manager Reports to the COO

JOB SUMMARY

The Asset Manager serves as the business manager for designated company’s Exploration and Production (E&P) assets. The incumbent is responsible for managing and preserving the intrinsic business value of the asset(s) under his/her purview. In this capacity, he/she acts as a commercial advisor to the COO to ensure professional delivery of deals, contracts and agreements. He/She will also be required to integrate and co-ordinate the requirements and inputs of disciplines such as engineering, field operations, finance, audit and legal counsel to ensure that company’s best interests are served and value is maximised.

The position incumbent is required to work across the boundaries of the economics, business planning, technical and other commercial disciplines to ensure timely delivery, and priority setting of the assigned commercial work whilst securing fit for purpose quality deliverables. He/She would also be required to influence the development of a commercial mindset amongst support disciplines in key decision making processes, and deliver Cost Reduction and Production recovery in line with company’s business Plan.

SPECIFIC DUTIES

 Responsible for the company’s exploration and production (E&P) interests in a number of assets/ventures were significant expenditures on new developments are projected.

 Provide commercial input into Project Opportunity Framing Sessions.

 Support in the development and design of company’s negotiation strategy, as well as implementation of best practices for negotiations and contracts.

 Lead and resolve negotiations with external stakeholders as appropriate

 Leverage value from existing commercial agreements.

 Resolve commercial/legacy issues related to existing commercial agreements and support the development and implementation of commercial input to asset strategies.

 Integrate across business functions the company view as input into the External Governance Meetings.

 Support and provide input to new contracts and contract renewals / extensions

 Primary Interface for monitoring/steering and interfacing with the operators as and when required so as to maximize asset value (i.e., at “optimized cost”).

 Work jointly with the operator to ensure plans and processes are adjusted appropriately to reflect a dynamic business environment.

Processing of crude entitlement, representation at curtailments and application for Exports, Crude lifting permits.

 Responsibility for Cross fertilizing ideas and lessons learnt. Maintain database & benchmarks for $/bbl UTC- unit technical costs, UDC- unit development Costs & UOC, Unit Operating costs.

 Ensure that agreements/contracts are adequately reflecting the company’s interests and as such will have input in these documents.

 Hold overall accountability for E&P assets, the reserves development, reporting and entitlements through its lifecycle

 Ensure that developments including drilling, completion, repairs, enhancements & optimizations are planned and implemented in a safe and responsible manner.

 Ensure development and operations in E&P assets conform to company standards and industry best practices.

 JV Liaison, ensure adequate representation from company at JV meetings, including (but not limited to) the bi-annual Technical Committee and Operating Committee meetings as organized by the operator, and meetings held with the regulators.

 Secure Company’s approval of execution, modification or termination of any contract or arrangement for the purchase, sale, lease or acquisition, disposition or administration of goods or services, if not included in annual work program or budgets.

 Responsible for Partner relationship management

 Maintain Database of asset information

 Ensure (for NOVs), alignment with agreed Corporate Annual Business plan.

 Mentor / coach junior staff

QUALIFICATIONS & EXPERIENCE

· 1st degree in Engineering, Finance, Investment Management, Business Administration, Economics or Accounting. MBA from a reputable institution of learning is an added advantage

· At least 12 years working experience in a broad range of positions in the upstream oil and gas industry, out of which the last 5 would have been in commercial and leadership roles.

· Has good knowledge of Petroleum Economics, Commercial Contracts and Agreements, Production Operations, Project Management, Annual Budget Planning, and Field Development Planning.

· Experienced in initiating, negotiating and closing out commercial deals, as well as maturation of hydrocarbon opportunities through the OORP.

· Ability to develop financial plans and manage resources. Ability to analyze and interpret financial data.

· Work requires professional written and verbal communication and interpersonal skills. Ability to communicate and interact with officials at all levels of government and other stakeholders, and to work effectively with a wide range of constituencies in a diverse community.

· Has experience dealing with legal and regulatory environment (e.g., agreements and contracts, permits)

KNOWLEDGE AND SKILLS REQUIRED

Technical Skills

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3. Corporate Business Planner Reports to the Planning and Economics Manager

JOB SUMMARY

The Business Planner will lead the improvement of the planning activities and cycle time for all assets, as well as governance and challenge of the budgets associated with the asset development based on available resources. The incumbent will also propose novel approaches to maximize company value within each asset. The Business Planner must have the ability to focus on the bottom line with proven commercial skills to support the Asset Development Managers.

SPECIFIC DUTIES

 Generate and Manage corporate plan to ensure minimal deviation of actual performance from the corporate plan

 Integrate financial and operational plans against available resources to execute.

 Track individual asset performance against budget and operational plan

 Recommend solutions to minimize deviation from the plan for each Asset

 Prepare and defend weekly performance reports for individual assets against plans and monthly corporate performance reports.

 Facilitate periodic plan reviews based on anticipated changes in company resources

 Lead/participate in multi-disciplinary teams to manage diverse Upstream Development and Operational projects

 Mentor / coach by providing commercial advice and guidance

QUALIFICATIONS & EXPERIENCE

 A good degree in Engineering, Business, Economics or related Degree.

 An MBA would be advantageous

 At least 3-5 years working experience in the upstream oil and gas industry.

 Has good knowledge of Petroleum Economics, Production Operations, Drilling and Reservoir Engineering

 Experience in strategic planning and execution.

 Expert at Planning Software and Project Management

 Ability to develop financial plans and manage resources. Ability to analyze and interpret financial data.

KNOWLEDGE AND SKILLS REQUIRED

4. Business Development Analyst Reports to the BDNV Manager

JOB SUMMARY

The primary function of the Business Development & New Ventures Analyst (BDNVA) is to perform analysis and support in the development of new ventures strategy towards building a portfolio of current and future high value oil and gas assets. The BDNVA provides support on the maturation of business opportunities on existing assets portfolio as well as support in developing ranking criteria, acquisition and divestment strategy and analysis for portfolio performance and optimization.

The role is expected to include a lot of industry data gathering and competitive intelligence, a strong understanding of financial reports, valuation models and key financial/operating metrics for the upstream E&P business.

The BDNVA will also function as a commercial lead on specified assets and will liaise with asset managers, economics/planning, accounting/finance, other Business Units/corporate groups and external advisors in support of the strategic aspirations of the business.

The roles other functions include but are not limited to a monitoring of commodity prices, competitor analysis, industry/market analysis and intelligence.

SPECIFIC DUTIES

Strategic

 Formulates research and analysis in line with the goals and objectives in accordance with the Company’s growth, profitability and expansion objectives and makes suitable recommendations to the Head, Business Portfolio.

 Supports the company’s strategic planning processes with comprehensive data (including but not limited to market share performance metrics, industry, sector, supplier, customer and competitor information) and other relevant business information and ideas for the assets.

 Support the development of commercial structures for potential transactions and modeling such structures in order to simulate the impact on the business.

Operational

 Conducts comprehensive market research and analysis to obtain a deep understanding on the Exploration & Production business, the market size and potential opportunities for the company in Nigeria and areas of key focus.

 Updates market information daily, giving a report on daily trends in the oil & gas industry.

 Ensure the OORP guidelines for approvals are incorporated in all aspects of the business development processes to ensure effective controls are adhered to in handling job duties.

 Conducts comprehensive industry overview on the global oil and gas market activities that will impact on our business.

 Supports the origination, closing and on-going management of transactions.

QUALIFICATIONS & EXPERIENCE