1. JOB PURPOSE
To provide expert economic analysis and evaluation in support of ADNOC Upstreamu2019s investment decisions, capital projects, and business development activities.
The role ensures robust economic assessments for oil and gas concessions, mergers and acquisitions, farm-ins/farm-outs, and other corporate transactions, contributing to the optimisation of project portfolios and capital efficiency.
The Senior Specialist collaborates closely with internal and external stakeholders to deliver high-quality analytical outputs that inform strategic recommendations and maximise value for ADNOC and Government interests.
2. KEY ACCOUNTABILITIES
Job Specific
u2022 Conduct economic evaluations of upstream investment opportunities, including concessions, capital projects, mergers & acquisitions, and farm-in/farm-out transactions, ensuring alignment with corporate strategy and maximising value.
u2022 Prepare and review detailed economic models, financial forecasts, and sensitivity analyses for proposed investments and business development initiatives.
u2022 Support the development and periodic review of the Upstream Investment Strategy, providing data-driven insights and recommendations to the VP and senior management.
u2022 Participate in the preparation of investment business cases and presentation materials for decision-making committees, including the Investment Program Committee (IPC) and Investment Committee (IC).
u2022 Collaborate with Group Companies and other directorates to ensure consistency in economic evaluation methodologies, assumptions, and reporting standards.
u2022 Assist in the review and assessment of fiscal regimes, concession agreements, and related legal documents, providing economic input to protect ADNOC and Government interests.
u2022 Conduct regular portfolio analysis and investment performance reviews, identifying optimisation opportunities and supporting capital allocation decisions.
u2022 Monitor macroeconomic, industry, and market trends, integrating market intelligence into economic analysis and investment recommendations.
u2022 Prepare position papers, reports, and briefing notes on economic and investment issues for senior management.
u2022 Ensure adherence to ADNOCu2019s economic evaluation procedures, internal controls, and best practice standards.
u2022 Build and maintain effective relationships with internal stakeholders, including Group Companies, Finance, Legal, and Executive Office, and external parties, such as international shareholders and consultants.
Generic
Supervision
u2022 Plan, supervise and coordinate all activities in the assigned area to meet functional objectives.
u2022 Train and develop the assigned staff on relevant skills to enable them to become proficient on the job and deliver the respective business objectives.
Budgets
u2022 Provide input for preparation of the Function / Division / Department / Section budgets, assist in the implementation of the approved Budget, and work plans to deliver business objectives.
u2022 Investigate and highlight any significant variances to support effective performance and cost control.
Policies, Systems, Processes & Procedures
u2022 Implement approved Function / Division / Department / Section policies, processes, systems, standards and procedures in order to support execution of the work programs in line with Company and International standards.
Performance Management
u2022 Contribute to the achievement of the approved Performance Objectives for the Function / Division / Department / Section in line with the Company Performance framework.
Innovation and Continuous Improvement
u2022 Design and implement new tools and techniques to improve the quality and efficiency of operational processes.
u2022 Identify improvements in internal processes against best practices in pursuit of greater efficiency in line with best industry standards in order to define intelligent solutions for issues confronting the function.
Health, Safety, Environment (HSE) and Sustainability
u2022 Comply with relevant HSE policies, procedures, controls, applicable legislation, and sustainability guidelines in line with international standards, best practices and ADNOC Code of Practices.
Reports
u2022 Provide inputs to prepare MIS and progress reports for Company Management.
3. COMMUNICATION & WORKING RELATIONSHIP
Internal
u2022 VP Upstream Investment & Economic Analysis
u2022 Upstream investment team
External
u2022 Group Company finance staff as required
u2022 External Consultants, if required
4. QUALIFICATIONS, EXPERIENCE, KNOWLEDGE & SKILLS
Minimum Qualification
u2022 Bacheloru2019s degree in Economics, Finance, Engineering, or a related discipline.
Minimum Experience & Knowledge & Skills
u2022 10 yearsu2019 relevant experience in economic analysis, financial modelling, or investment evaluation within the oil and gas industry, with a focus on upstream activities.
u2022 Demonstrated experience in economic evaluation of capital projects, business development, or M&A transactions.
u2022 Exposure to working in or with large integrated oil and gas companies, or with international partners, is an advantage.
Knowledge & Skills
u2022 In-depth knowledge of economic evaluation techniques, financial modelling, and investment appraisal methods relevant to the upstream oil and gas sector.
u2022 Strong analytical, quantitative, and problem-solving skills, with the ability to handle complex data and provide clear recommendations.
u2022 Proficiency in economic modelling tools, spreadsheet analysis, e.g., advanced Excel, and presentation of results.
u2022 Understanding of upstream value chains, fiscal regimes, concession agreements, and industry best practices.
u2022 Excellent communication and interpersonal skills, with the ability to influence and collaborate across multidisciplinary teams.
u2022 Strong report writing and presentation abilities, capable of conveying complex economic findings to senior management.
u2022 High attention to detail, integrity, and commitment to delivering quality work within tight deadlines.
u2022 Ability to work independently and as part of a team in a dynamic, fast-paced environment.
Professional Certifications
u2022 Postgraduate qualification, e.g., MSc, MBA, or equivalent, in Economics, Finance, Petroleum Economics, or a related field is preferred.
