FIRST Exploration & Petroleum Development Company Limited (FIRST E&P) is a Nigerian oil and gas company that was established in 2011. It started formal business operations on the 1st of July, 2012.
FIRST E&P is a deeply technical, commercial and entrepreneurial organization, with full delivery capability across the entire upstream oil and gas value chain.
Gather, and analyse production, cost, fiscal, operational and other company and industry data to generate trends and produce business and economic evaluations for existing operations and new businesses in order to support and assist strategic decisions of Company Leadership.
Key Accountabilities
Provide regular or on request economic analysis and cash flow forecasts for company investment decisions.
Provide economic modelling and sensitivity analysis in order to fully understand and implement value drivers that could significantly enhance project returns.
Provide necessary input into MOU's, business model discussions, strategy, due diligence and negotiations as required.
Support the Budget/Business Planning Process via functional reviews and QA/QC of all requisite data input into the plan as well as provide economics support for the company budget proposal and 5-year business plan.
Support the conduct of periodic business performance review and improvement with respect to cost efficiency/performance and value of key projects executed.
Provide economics support for capital management, borrowing base determination, debt restructuring/servicing and debt redetermination.
Requirements
A degree in economics, or related discipline is required as a
minimum. An understanding of the oil and gas industry with a
minimum of 7 years’ working experience.
Ability to show a broad understanding of upstream valuation techniques/ economics
Have sufficient functional understanding of technical subsurface disciplines with well-related issues and how they relate to development planning
Fluent familiarity with economic and fiscal modelling in Excel and at least one other economic software
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