Full Time
Coordinate and analyse the technical, commercial and business information of Operated By Others (OBO) assets’ in evaluating the plans for reserves monetization, development of oil and gas fields and sustainable operational and financial performance in order to maximize value and meet the target value creation for business growth in line with the Company’s Corporate Agenda.
Responsibilities:
- Field Development Plan (FDP)
Prepare and gather information on oil and/or gas discoveries (greenfield) and/or in-fill development (brownfield) in producing a complete Field Development Plan to be endorsed by the Project Gate Review Committee by identifying and managing development risks, assessing availability of fit-for-purpose technology application/cost-effective technology, and ascertaining viability of the project for a timely exploitation and successful achievement of commercially feasible development of discovered oil and gas fields. - Joint Venture Management
Monitor and control the execution of petroleum operations and work programme activities of Joint Venture (OBO) blocks by operationalizing the Joint Operating Agreement (JOA), Accounting Procedure, complying with relevant Host Government’s regulations and PETRONAS’ LOA, and participating actively in discussions (formally or informally) with JV Partners to maximize the value of the respective Blocks and safeguard PETRONAS’ interest - Reserves Monetization
Coordinate, analyse and forecast the technical (production including production enhancements, facilities improvement plan, drilling/workover) & commercial (Net Present Value, Profit Before Tax, Cash Flow) activities of Joint Venture (OBO) blocks against the CPB & WPB via continuous tracking/evaluation of the actual performance versus plan and recommendation of way forward/mitigation to sustain the delivery of the assets and meet the target committed to the Host Government and respective JVs. - Commercial Arrangement
Participate and prepare for the assessment for negotiation and/or new/revision/amendment of commercial agreement/arrangement in developing oil/gas fields by examining and identifying critical terms to be incorporated, benchmarking with other relevant Agreements, and conducting cost/benefit analysis in producing attractive commercial terms to safeguard PETRONAS’ interest in the Block. - PSC Performance & Analysis
Perform analysis on the operational, financial and commercial status of OBO assets by evaluating the performance against plan and/or Best In Class standards, proposing alternative technical/commercial solutions and sharing of lessons learnt/best practices based on other PETRONAS assets to achieve production, growth and revenue targets.
Qualification & Experience Requirements:
- Minimum Bachelor’s Degree in Engineering, Economics, Business Administration, Finance, Petroleum Engineering, or equivalent.
- Minimum 8–10 years of relevant experience in commercial, petroleum arrangement, business development, PSC management, or upstream commercial activities within E&P organizations or the oil & gas industry.
- Strong understanding and practical experience in PSC arrangements, commercial evaluations, petroleum economics, commercial negotiations, and upstream business processes.
- Good knowledge of host government regulations, commercial governance, and stakeholder engagement related to upstream oil & gas operations in Indonesia.
- Strong analytical, communication, and interpersonal skills with the ability to build effective working relationships with partners, government authorities, and internal stakeholders.
- Independent, proactive, and capable of handling multiple assignments in a dynamic working environment with tight timelines.
- Strong teamwork, coordination, and problem-solving skills with the ability to work effectively under pressure and changing business requirements.
