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.
- Communicating investment evaluation premises & guidelines
- 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.
Application Closing Date