Job title
Joint Ventures Asset Manager (Exploration & Production)
Grade
Stream
Upstream
Function
Joint Ventures
Location
Oman - Muscat
Budget control
Reporting to
Head JV business
Recruitment Type
Job Purpose
Monitor, review and evaluate the activities related to the performance of multiple Joint Ventures Assets (Blocks) in OQEP Joint Ventures directorate. These assets are operated by other partners / International Oil Companies (IOCs)
The activities include Budget, Production Sharing Agreement, Assets new proposals, Work Programs, Business performance targets, Development plans and strategies, technical reserve estimation, growth activities. The candidate must also ensure alignment with the agreed field development plan and approved budget, review the reservoir surveillance and management plans proposed by operator and ensure optimization for maximum economic recovery.
These three assets require intensive asset management, monitoring and due diligence to protect OQ’s investment and maximize OQ value share. This position will act in accordance with the OQ Group’s Mission, Vision, Values & Strategies, as well as, policies, guidelines and international standards, supported by HSE standards, Omani’s government & other legal justification’s, and best international practices in consonance with national objectives.
Main Tasks And Responsibilities
- Represents OQ in various official meetings with partners and government.
- Responsible to ensure the asset under management are in line with:
- Agreements (Exploration and Production Sharing Agreement (EPSA) and Joint Operating Agreement (JOA)
- Project proposals and developments are robust and meet economic screening criteria
- Adherence to Work Program and Budget (WP&B) and that cash calls are within budget.
- Business performance targets
- Review the performance of the asset and ensure alignment with the agreed field development plan. Review the reservoir surveillance and management plans proposed by operator and ensure optimization for maximum economic recovery.
- Review annual and revised budgets of operators and provide written summaries of analyses to OQ upstream management prior to approval by Joint Operating/Management Committees.
- Prepare, in collaboration with appropriate departments, alternative development strategies to take account of market changes and disruptions encountered or anticipated.
- Review with and obtain OQ’s concurrence on any deviations from the originally approved WP&B and/or any remedial measures proposed by operator prior to attending any meetings with partners.
- Provide cost effective and performance enhancing solutions to aid asset development decision-making.
- Challenge and manage expenses on upstream exploration and development investments and, together with the operator, ensure that the value of the asset to stakeholders is not compromised.
- Review and coordinate the update of the technical reserves estimation and reporting related to the assets.
Key interactions
Internal: Legal, Finance, Economics & Planning, Upstream Management
External: Operator, Partner, & Government
Notable Working Conditions. Field Operations and office environment, Moderate to intensive computer screen use.
Education Requirements
- Bachelor’s degree in Petroleum Engineering or Geoscience
Language Requirements
Excellent knowledge of written, read, and spoken English (required) Arabic - Native (desirable)
Background And Experience
Competencies and skills
- Minimum, 12 years of experience in relevant position
- Well-rounded professional with strong background in Petroleum Engineering, adaptable and motivated general management strategist who relishes challenges.
- Strong management & leadership skills to lead all aspects of the Asset management process & should be able to work collaboratively with all involved.
- Excellent interpersonal skills and multi-cultural sensitivity.
- Computer literate with expertise in MS Office.