Head, Planning & Economics at an Upstream Oil & Gas Company - WTS Energy

WTS Energy - Our client, one of Africa’s leading E&P players in upstream Oil & Gas, is recruiting to fill the position below: 

Job Title: Head, Planning & Economics

Location: Lagos
Line Manager: CFO

Job Summary

• To lead the strategic planning, economic evaluation, and commercial management functions of the company, ensuring investment decisions, business performance tracking, and commercial agreements are aligned with corporate growth and profitability objectives. 
• The role will serve as a key advisor to executive leadership and interface with partners, regulators, and investors.

Key Responsibilties
Strategic Planning:

• Lead the development and periodic review of the company’s corporate strategy and business plans.
• Coordinate the annual budget, long-range plans, and forecasting cycles.
• Monitor and report business performance metrics to senior leadership.

Economics & Investment Analysis:

• Evaluate upstream project economics (NPV, IRR, payback).
• Conduct sensitivity analysis and risk assessments for capital investments.
• Support AFE (Authorization for Expenditure) processes with robust financial models.

Commercial Management:

• Lead commercial negotiations, JV agreements, and service contracts.
• Develop and maintain economic models for pricing, contract structuring, and asset valuation.
• Drive the monetization strategy for oil, gas, and by-products (e.g., barging, offtake, etc.).

Stakeholder Engagement:

• Liaise with JV partners, regulatory bodies (e.g., NUPRC), and host communities on economic and commercial matters.
• Represent the company in commercial and economic discussions at industry forums.

Leadership & Team Development:

• Build and lead a high-performing team in planning, economics, and commercial functions.
• Provide mentorship, coaching, and succession planning for functional team members

Professional Qualfiications

• Bachelor’s Degree in Engineering, Economics, Finance or related discipline (required)
• MBA or Master’s in Energy Economics / Finance (preferred).
• Minimum of 15 years of experience in upstream oil & gas or oilfield services, with at least 5 years in a leadership role
• Strong expertise in financial modelling, petroleum economics, and contract negotiation.

Knowledge and Skill Required:

• Strategic thinking and commercial acumen
• Advanced analytical and financial skills
• Excellent negotiation and stakeholder management abilities
• Strong leadership and team development skills
• Familiarity with upstream value chain, PSCs, JVs, and regulatory frameworks.

Application Closing Date
Not Specified.