Senior Associate, Planning & Economics

ROLE PURPOSE:

• Undertake and deliver the required economic and commercial analysis to support the value based decision making of Malaysia Business Unit operations including Exploration, Development, Commercial and New Business Development.
• Undertake, lead the economic input and assessment into the Malaysia Business Units Long-Term Planning (20-Year) and Portfolio Analysis exercise for Business Planning (BP), Work Program & Budget (WP&B), Reserves Memorandum and others Corporate Reporting.
• Coordinate with AD senior economist whose role is to review the economic runs and analysis on results output work by the incumbent, results of which will be submitted to Mubadala Energy (ME) XLT and EXCOM.
• Analyse the Business Units Competitive Intelligence through regular update of Countries, Assets and Competitors activities and performance benchmarking.
• On behalf of Malaysia BU, lead the Economics Knowledge Management & Retention through effective on-job training (OJT) and in-house Petroleum Economic Training Program. Develop and deliver the course content to build staffs capability to resolve economic problems and needs at their level of responsibility with the aim of safeguarding Projects value.
• Create and maintain BUs Business Intelligence Library as a source of gathering Competitors, Industry, and Countries information for insights, benchmarking and better decision making.

KEY ACCOUNTABILITIES:

Petroleum Economic Evaluation, Forecasting and Review

• Evaluate, forecast and design economic models to assess economic feasibility of exploration, development and new ventures, blocks or/and assets, divestment and acquisition and present to Team Leader and/or Senior Management for review and decision making
• Based on SK320 PSC and Malaysia fiscal term, Project/technical input, AD defined oil price, inflation and exchange rate, calculate and define the NPV, IRR and other relevant economics metrics as required by AD Functions for various projects and recommend the financial feasibility of projects.
• Integrate work and input with technical and professional staff to assess development concepts and treatment of costs as part of the evaluation model.
• Formulate in-depth understanding of relevant fiscal systems and to provide clarity when required
• Define (working with technical, corporate strategy, etc.) various sensitivity scenarios based on factors like Capex increase, production timing, and commodity prices and provide options to mitigate business risks.
• Identify and highlight areas of risk and opportunities, economic impact in scenarios through use of relevant analytical tools.
• Coordinate with AD senior economist whose role is to review the economic runs and analysis on results output by the incumbent that will be submitted to ME XLT and EXCOM

Commercial

• Support and coordinate with all relevant Functions to interpret the commercial issues (i.e. PSC, JOA, UGSA, MSA etc.) and translating those into economic impacts for decision making.
• Support the negotiation within a pre-approved mandate related to Gas Sales Agreement (GSA), usage of common facilities (MSA), Tie-in Agreement (TIA) and other ancillary agreements
• Provide background and interpretation of the Commercial Terms to support other Functions -i.e. Finance, Operations, and etc. in implementation of such agreements
• Support the Functional Review and Endorsement processes within the JV Partners/ Shareholders and Company prior to securing requisite Board approvals and execution (if any)

Planning - Business Plan (BP) and Work Programme and Budget (WPB)

• Lead the preparation of annual BP and WPB process for Malaysia, including coordination with various departments in the Malaysia office and Corporate (Abu Dhabi).
• Assess accuracy of the numbers used in the BP and WPB taking into account current market forces (i.e. inflation, foreign exchange currency fluctuations, market prices, etc) and its implication to the Malaysia business
• Assess reasonableness of the timing of the plan activities per the BP to ensure that they are in-line with expectations from ME.
• Ensure the completeness, accuracy, includes to account for review from ME AD, and timeliness of the submission of BP to ME and WPB to partners and PETRONAS, and that submission complies with the set standards in terms of documentations, etc.
• Changes (if any) are clearly documented in terms of reasons and impact to BP are clearly identified and quantified for management assessment.

Reserves Reporting and Coordination

• Lead the economic evaluation aspect of the Reserves Memorandum in alignment with ME SPE-PRMS and industry standard requirements.
• Coordinate reserves assessment process and review schedule and requirement, together with Technical Reserves Coordinator.
• Coordinate with third party reserves auditor on projects assessment (on economic aspect, if required)

Business Development/New Ventures/M&A (when required)

• Participate as part of the NBD, NV, and M&A team to screen acquisition/divestment and farm-in/out opportunities in SEA region.
• Interface with internal/external technical and commercial teams to ensure seamless alignment between the technical and commercial inputs to an investment decision.
• Prepare economic and commercial analysis to support the investment evaluation, risk analysis and presentation material for selected opportunities.

Business Intelligence

• Perform market research and trend analysis based on market information from Woodmac, IHS Herold, Bloomberg, Deloitte, etc. on regional oil and gas markets.
• Review and provide accurate and timely information and monitor circulars from tax, legal advisors etc.
• Study of developments and performance for peer group of companies in order to define benchmarks.

Additional support

• On a project by project basis, when required, to review and act as lead economist on investment analysis, project stage gate evaluation and other corporate activities.
• Provide the necessary guidance to Junior Staff in understanding and developing the appropriate risk-based analytical approach in resolving the economic issues.
• Coach, mentor and supervise the work of Associate to ensure he/she developed the necessary competency in knowledge and tools to perform the assignments to the highest quality.
• On-Job Training (OJT) evaluate candidates competency and design a 12-week program to effectively train the skills, knowledge and competencies in the economic and commercial areas.
• Develop the content of the Petroleum Economic course, review it annually and deliver it to BU staffs.

KNOWLEDGE, SKILLS & EXPERIENCE:

Knowledge:

University Bachelor degree (Finance / Economics an advantage) with advance knowledge of economic and commercial oil and gas matters

Experience:

10 15 years of direct experience in the economic modelling and financial analysis with strong experience in E&P (Upstream) and mid-stream (LNG) business models and integrated gas value chain, Malaysia PSC, fiscal terms, and Tax Concession. As well as strong experience in assessment in farm-in/farm-out, asset acquisition/divestment and support or participate or lead (when required) in negotiation. Preferably those that have strong experience in gas field development and producing assets.

Skills:

• Planning and organising
• Strong analytical skills
• Advance MS Office especially MS Excel, PowerPoint, and Word
• Attention to detail.
• Excellent communication and presentation skills
• Fair understanding of technical and commercial understanding on E&P, exploration to abandonment/decommissioning business life cycle.
• Negotiation skills and competitive intelligence/analysis skills.
• Exposure to cross cultural environment
• Excellent understanding/expert knowledge of oil and gas contracts, PSC and PSC fiscal terms and principle
• Aptitude with E&P tools Particularly Merak PEEP, Wood Mackenzie, IHS Herold