(Refining Chemical) Business Development Specialist - Economics Model & LP

Job Description

This role required candidate to permanently relocate at Dhahran, Saudi Arabia.

About the Company


This company engages in the exploration, production, transportation, and sale of crude oil and natural gas. It operates through the following segments: Upstream, Downstream, and Corporate. The Upstream segment includes crude oil, natural gas and natural gas liquids exploration, field development, and production. The Downstream segment focuses on refining, logistics, power generation, and the marketing of crude oil, petroleum and petrochemical products, and related services to international and domestic customers. The Corporate segment offers supporting services including human resources, finance, and information technology. The company was founded on May 29, 1933 and is headquartered in Dhahran, Saudi Arabia.

Job Summary

We are seeking a Business Development Specialist to join the company division of the LTC Business & Project Development Department to set up the LP and economics model, 3rd party Build Own Operation evaluation model, and project financing as well as interface management amongst groups with technical, execution, commercial SMEs. The Division is primarily responsible for SMC Project Development under This Company In- Kingdom Liquids to Chemicals Program (IK LTC) and drive the development of project assessment, and the delivery of project requirements through FEL I, FEL II and FEL III. SMC capital program is a refinery residue upgrade integrated with petrochemical steam cracker complex to be built in Yanbu, western region of Saudi Arabia. It is a part of This Company In-Kingdom Liquids To Chemicals (IK LTC) program which includes similar projects to be developed at the same time. Business Development Specialist will be reporting to the Manager and work closely with modeling and optimization engineer and other project members.

Responsibilities:

• Align the details and basis/assumptions of the economics model and LP (Linear Programming).
• Provide the economics parameters, including the Net Present Value (NPV) and Internal Rate of Return (IRR).
• Ensure internal alignment among shareholders and concerned parties on economics parameters.
• Develop the economics for the Value-Add and Capital Efficiency items and provide necessary details for commercial assessment.
• Assess Chemical Competitiveness and provide insights on options to improve overall economics.
• Establish and assess various market scenarios to support and enhance the Project Value.
• Define and participate in Case Study deliverables and key optimization initiatives for the overall facilities scope.
• Develop cost estimates, schedule, and track the development of Gate deliverables required for Management approval.
• Identify items that require further support to meet the target date.
• Interface and interact with Government Engagement, GHG Abatement, Finance Readiness Workstreams, and Project Development Group.
• Collaborate with Government Engagement Workstream to determine the economic impact on job creation and GDP in the Kingdom.
• Update the figures in each phase and ensure alignment with stakeholders.

Requirements:

• This role required candidate to permanently relocate at Dhahran, Saudi Arabia.
• Bachelor's degree in Engineering from a recognized and approved program.
• Minimum of 15+ years of experience in the Refining & Chemicals business.
• Previous experience in Linear Programming (LP) and Economics Modeling.
• Execution, commercial, and project financing experience.
• Experience in new business development, specifically in evaluating and selecting third-party BOO/BOOT (Build-Own-Operate/Build-Own-Operate-Transfer) projects.
• Experience in infrastructure, third-party, and interface management.
• Experience in developing scopes for third-party BOO/BOOT projects.
• Proficient in technical interface management.

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