Head, Procurement

Velesto Energy Berhad; Kuala Lumpur; On-site; MYR 120,000 - 180,000; Full time

Job summary

A leading company in the oil and gas sector is looking for a seasoned Procurement Manager. This role focuses on developing procurement strategies for high-value materials, ensuring compliance with regulations, managing vendor relations, and leading a high-performing team. Ideal candidates will have extensive experience in procurement within the oil and gas industry and demonstrate strong leadership abilities.

Qualifications

• 15 years of related experience, 7 years in oil and gas, preferably upstream.
• Strong leadership skills and strategic orientation.
• Core competencies in supply chain technology, procurement, and vendor management.

Responsibilities

• Develop and execute procurement strategy aligned with company operations.
• Lead vendor selection and performance management for offshore services.
• Monitor procurement costs and lead negotiations with vendors.

Skills

Stakeholder Management

Teamwork and Collaboration

Leadership

Strategic Sourcing and Procurement

Vendor Management

Education

Bachelor Degree in Quantity Surveyor/ Finance/ Economic/ Business

Job description

Greetings from Velesto Energy Berhad!

We are pleased to offer an opportunity for a seasoned professional to join our Finance Division.

About the Role

Responsible for leading the strategic procurement and subcontracting functions for Velesto. This role manages the sourcing of high-value, safety-critical materials and services under stringent regulatory and operational conditions. It oversees end-to-end procurement activities to ensure timely, cost-effective, and compliant acquisition of goods and services essential to offshore rig operations, project execution, maintenance campaigns, and onshore requirements.

Responsibilities

Procurement Strategy and Operational Excellence

• Develop and execute a robust procurement strategy aligned with company operations, long-term contracting needs, and equipment lifecycle requirements.
• Implement category management practices, leveraging market intelligence and supplier capabilities to optimize sourcing of drilling consumables, rig equipment, marine services, logistics, and third-party support.
• Ensure compliance with international regulatory standards (e.g, API, IMO, IADC) and company-specific safety and quality requirements in all procurement transactions.
• Integrate and manage ERP systems (such as SAP or Oracle) for procurement operations, ensuring digital workflows, real-time tracking, and audit compliance.

Vendor and Subcontractor Management

• Lead the prequalification, selection, and performance management of critical offshore vendors, including those supplying rig equipment, maintenance services, bunkering, and marine logistics.
• Administer contracts for offshore support services, ensuring clear scopes of work, risk allocation, and insurance compliance in collaboration with legal and risk management teams.
• Manage subcontractor interfaces proactively to ensure alignment with drilling schedules, asset mobilization plans, and HSE requirements.

Cross-Functional Business Support

• Work closely with rig management, operations, HSE, asset integrity, and project teams to understand material and service needs, plan sourcing activities, and ensure alignment with rig campaign and shut-down schedules.
• Represent procurement expertise to tendering teams supporting new rig contracts or contract extensions.

Cost Control and Efficiency

• Monitor offshore-related procurement costs, including total cost of ownership, logistics costs (freight, customs, storage), and supplier performance penalties.
• Identify cost savings and value engineering opportunities without compromising safety, reliability, or schedule integrity.
• Lead negotiations with vendors and service providers to secure favourable commercial terms and long-term supply agreements.

Team Leadership and Capability Development

• Build and lead a high-performing procurement team with specific expertise in offshore categories and supplier management.
• Foster a culture of continuous improvement, ownership, and compliance among procurement staff both onshore and offshore (where applicable)
• Provide training, coaching, and support for procurement systems and company procedures.

Governance, Risk, and Compliance

• Ensure full compliance with company procurement policies, anti-bribery standards (e.g., FCPA, UK Bribery Act), and HSE management systems.
• Maintain audit-ready documentation and support internal and external audits as required.
• Lead procurement’s role in emergency response readiness (e.g. securing critical spares in the event of downtime or asset failure).

Market Intelligence and Supply Chain Resilience:

• Stay informed on global offshore supply chain disruptions, material lead times, freight conditions, and vendor solvency issues.
• Develop contingency sourcing strategies and maintain relationships with multiple suppliers for critical path items.
• Participate in industry forums and engage with peers to adopt best practices and mitigate procurement risks.

Reporting and Performance Monitoring

• Oversee procurement metrics including cost savings, PO cycle time, contract compliance, and supplier performance.
• Report regularly to executive leadership on procurement health, project procurement status, and strategic sourcing initiatives.

Qualifications

• Educational Background: Bachelor Degree in Quantity Surveyor/ Finance/ Economic/ Business or equivalent.

Required Skills

• Core competencies includes stakeholder management, excellence in teamwork and collaboration, personal mastery, change and innovation, and operational.
• Possess good leadership skills and strategic orientation.
• Fundamental competency in supply chain/ supply chain technology, strategic sourcing and procurement, and vendor management.

Experience

Minimum 15 years of related experience (7 years in oil and gas industry, preferably in upstream sector) in procurement.