Oando PLC is one of Africa's largest integrated energy solutions providers with a proud heritage. It has a primary listing on the Nigerian Stock Exchange and a secondary listing on the Johannesburg Stock Exchange.With shared values of Teamwork, Respect, Integrity, Passion and Professionalism (TRIPP), the Oando Group comprises six companies who are leaders in their market. At Oando, we always on the look out for highly skilled, enthusiastic and dedicated people who can contribute to our continuing success.
Oando Nigeria Limited is recruiting for the position of:
Job Title: Planning & Economics Manager
Vacancy Code: PEM/FT//52221
Department: Operations
Job Summary
The Planning & Economics Manager in Oando Energy Resources (OER) 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 OER 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 OER’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 OER Leadership Team on Programme, Budget and Strategic Business issues
Build production opportunities portfolio into the OER’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.
P-Master Economics for capital allocation & business plans
Economics for OER 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
Key Perfomance Indicators
Economics for various options including Budget proposals, VARs & Post investment Reviews
Integrated financial / economics modelling
Exploration Economics
Input to planning premises & functional challenge
Demand forecast for Support/Technical services
OPEX Estimates (& LT OPEX modelling)
Project proposal sheets covering production operations, maintenance, Asset Integrity, cost and manpower estimates
Ranked list of cross-asset production, maintenance and Asset Integrity activities
Link between Activity, Budget, Contracts & Manpower plan
Staff - Development and Training plan
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
Working Conditions
Office based
Heavy workload and most times long working hours in a dynamic and intellectually challenging environment.