Principal, Economics and Planning

Experience; Oman; On-site; OMR 15,000 - 23,000; Full time

Job summary

Experience in Oman seeks a subject matter expert in economic evaluation to support annual planning and KPI reporting. The role involves building NPV and DCF models, evaluating oil and gas project economics, and coordinating with government and JV partners.

Strong analytical and communication skills are essential to lead multi-disciplinary assessments and ensure alignment with EPSA/JOA frameworks. The candidate will manage budgets, track performance, and present economic insights to management,

Qualifications

• Bachelor's degree in engineering, Finance, Economics, or related field.
• 10+ years of relevant experience in upstream economics evaluation (EPSA/JOA).
• Experience with EPSA and Joint Operating Agreements (JOA).
• Demonstrated knowledge of techno-economic oil and gas value chain.
• Experience in planning, budgeting, and operational planning in Upstream E&P operations.

Responsibilities

• Conduct economics evaluation (using an NPV model) to assess economic viability of new projects and key drivers.
• Apply advanced DCF methodologies (NPV, IRR, MIRR, profitability index, payback). Include fiscal structures (production sharing, cost recovery, profit share).
• Support asset team in economic assessments for wells, workovers, and business plans.
• Lead and present economic analysis with sensitivities at SG R sessions.
• Coordinate and present work programs and budgets at management reviews; track KPIs and variances.

Skills

Economics evaluation

NPV modeling

DCF methodologies

Stakeholder management

Budget management

KPI reporting

Financial analysis

Analytical thinking

Education

Bachelor's degree in engineering, Finance, Economics, or related field

Tools

MS Excel

MS Office

Job description

To serve as the subject matter expert for economic evaluation, acting as team player and direct support for the collection, analysis for accurate evaluations. Prepare different economic evaluation scenarios, based on economic / technical analysis and investment reviews. Support annual business planning, KPIs monitoring and reporting, stakeholder management.

The position will act in accordance with the OQEP’s Mission, Vision, Values & Strategies, as well as, policies, guidelines, and international standards, supported by an IT Technology platform, QHSE & Energy Management System requirements standards, Omani’s government & other legal justifications, and best international practices in consonance with national objectives.

Main tasks and responsibilities

• Conducts economics evaluation (using an NPV model) to determine the overall economic viability of new projects and the factors that most impact the economic viability of the resources.
• Apply advanced discounted cash flow (DCF) methodologies including NPV, IRR, MIRR, profitability index, and payback period. Incorporating fiscal structures (production sharing contracts, cost recovery, profit share splits)
• Provides support to the asset team in operational economics assessment requirements (new wells/workovers/business plan, etc.)
• Lead and present economic analysis with sensitivities to varying assumptions at stage gate review (SGR) sessions.
• Evaluate asset development plans, strategies, growth proposals, and ensure alignment with EPSAs, JOAs, and OQEP’s economic screening criteria.
• Participate in multidisciplinary assessments of expenditure reviews, performance evaluations, business reviews, and economic recovery optimization.
• Support the asset team in annual review of petroleum resources, by running economics evaluation of different development plans.
• Lead annual operated assets business planning cycle, review functions budgets, activities and asset plans and provide feedback prior to management reviews.
• Coordinate and present work program and budget at management reviews, follow up on actions close out and documentation.
• Track and report KPIs and annual plans execution, coordinate reviews to identify performance gaps and work with the functions to explain variances and propose recovery plans.
• Analyse OPEX, CAPEX, lifting costs, production forecasts, activity schedules, and variances versus budget to identify risks, opportunities, and performance drivers.
• Prepare weekly, monthly and quarterly performance reports and other reports as required.
• Represent OQEP in committee meetings with government and JV partners, by coordinating the sessions and presenting KPIs, work program and budget and actions close out.
• Support external communications to MEM and JV partners.

Key interactions

External: Government, Partners

Notable Working Conditions. Office environment, intensive computer screen use, sporadic visits to operation sites.

Education requirements

Bachelor’s degree in engineering, Finance, Economics, or related field.

Language

10+ years of relevant experience

Experience in upstream project economics evaluation under EPSA, value drivers, gross margin optimization.

Experience in Exploration & Production Sharing Agreements (EPSA), and Joint Operating Agreements (JOA).

Demonstrated knowledge of the techno-economic oil and gas industry value chain.

Experience in planning, budget management, operational planning experience in Upstream E&P operations.

Oil and Gas / Energy industry experience essential.

Experience in reviewing work programs & budgets and performance metrics.

Familiarity with market trends, cost optimization levers, and risk mitigation strategies in upstream operations.

Good knowledge of partner engagement protocols, Joint Operating Committees, and industry governance structures.

Desired Candidate Profile

Education requirements Bachelor s degree in engineering, Finance, Economics, or related field. Language Excellent knowledge of written, read, and spoken English (required) Arabic - Native (desirable) Background and experience Competencies and skills 10+ years of relevant experience Experience in upstream project economics evaluation under EPSA, value drivers, gross margin optimization. Experience in Exploration & Production Sharing Agreements (EPSA), and Joint Operating Agreements (JOA). Demonstrated knowledge of the techno-economic oil and gas industry value chain. Experience in planning, budget management, operational planning experience in Upstream E&P operations. Oil and Gas / Energy industry experience essential. Experience in reviewing work programs & budgets and performance metrics. Familiarity with market trends, cost optimization levers, and risk mitigation strategies in upstream operations. Good knowledge of partner engagement protocols, Joint Operating Committees, and industry governance structures. Soft: Business-oriented mindset Strong communication and analytical skills, detailed oriented and able to work independently. Excellent teamwork skill with the ability to work with a multidisciplinary team. Excellent stakeholder management skills, with the ability to influence and collaborate with government, partners and internal functions. Technical Competencies: Computer Literacy including MS Office Ability to perform technical / economic analysis into key drivers and simple frameworks. Good understanding of drilling, production operations, reservoir management, upstream cost structures, operating cost management and cost-optimization processes.