Senior Specialist, Economic Analysis

Role Overview

Senior Specialist, Economic Analysis at ADNOC, based in the Upstream division. The role provides expert economic analysis and evaluation in support of investment decisions, capital projects, and business development activities.

Role Purpose

To deliver robust economic assessments for oil and gas concessions, mergers and acquisitions, farm-ins/farm-outs, and corporate transactions, ensuring alignment with corporate strategy and optimizing project portfolios and capital efficiency. The Senior Specialist collaborates with internal and external stakeholders to produce high-quality analytical outputs that inform strategic recommendations and maximize value for ADNOC and Government interests.

Key Responsibilities

Economic Analysis & Evaluation

• Conduct economic evaluations of upstream investment opportunities, including concessions, capital projects, mergers and acquisitions, and farm-in/farm-out transactions, ensuring alignment with corporate strategy and maximizing value.
• Prepare and review detailed economic models, financial forecasts, and sensitivity analyses for proposed investments and business development initiatives.
• Conduct regular portfolio analysis and investment performance reviews, identifying optimization opportunities and supporting capital allocation decisions.
• Assess fiscal regimes, concession agreements, and related legal documents, providing economic input to protect ADNOC and Government interests.

Strategic Planning & Development

• Support the development and periodic review of the Upstream Investment Strategy, providing data-driven insights and recommendations to the VP and senior management.
• Monitor macroeconomic, industry, and market trends, integrating market intelligence into economic analysis and investment recommendations.

Investment Committee Support

• Participate in the preparation of investment business cases and presentation materials for decision-making committees, including the Investment Program Committee (IPC) and Investment Committee (IC).

Stakeholder Coordination

• Collaborate with Group Companies and other directorates to ensure consistency in economic evaluation methodologies, assumptions, and reporting standards.
• Build and maintain effective relationships with internal stakeholders, including Group Companies, Finance, Legal, and Executive Office, and external parties, such as international shareholders and consultants.

Reporting & Documentation

• Prepare position papers, reports, and briefing notes on economic and investment issues for senior management.
• Provide inputs to prepare MIS and progress reports for Company Management.

Standards & Compliance

• Ensure adherence to ADNOC's economic evaluation procedures, internal controls, and best practice standards.
• Comply with relevant HSE policies, procedures, controls, applicable legislation, and sustainability guidelines in line with international standards, best practices, and ADNOC Code of Practices.

Team Leadership

• Plan, supervise, and coordinate all activities in the assigned area to meet functional objectives.
• Train and develop assigned staff on relevant skills to enable them to become proficient and deliver respective business objectives.

Process Improvement & Innovation

• Design and implement new tools and techniques to improve the quality and efficiency of operational processes.
• Identify improvements in internal processes against best practices to define intelligent solutions in pursuit of greater efficiency in line with best industry standards.

Budget Management

• Provide input for preparation of Function, Division, Department, and Section budgets.
• Assist in the implementation of the approved budget and work plans to deliver business objectives.
• Investigate and highlight significant variances to support effective performance and cost control.

Performance Management

• Contribute to the achievement of approved Performance Objectives for the Function, Division, Department, and Section in line with the Company Performance framework.

Qualifications & Experience

• Bachelor's degree in Economics, Finance, Engineering, or a related discipline.
• 10 years' relevant experience in economic analysis, financial modelling, or investment evaluation within the oil and gas industry, with a focus on upstream activities.
• Demonstrated experience in economic evaluation of capital projects, business development, or M&A transactions.
• Exposure to working in or with large integrated oil and gas companies, or with international partners, is an advantage.
• Postgraduate qualification, e.g., MSc, MBA, or equivalent, in Economics, Finance, Petroleum Economics, or a related field is preferred.

Skills & Competencies

• In-depth knowledge of economic evaluation techniques, financial modelling, and investment appraisal methods relevant to the upstream oil and gas sector.
• Strong analytical, quantitative, and problem-solving skills, with the ability to handle complex data and provide clear recommendations.
• Proficiency in economic modelling tools and spreadsheet analysis, including advanced Excel.
• Understanding of upstream value chains, fiscal regimes, concession agreements, and industry best practices.
• Excellent communication and interpersonal skills, with the ability to influence and collaborate across multidisciplinary teams.
• Strong report writing and presentation abilities, capable of conveying complex economic findings to senior management.
• High attention to detail, integrity, and commitment to delivering quality work within tight deadlines.
• Ability to work independently and as part of a team in a dynamic, fast-paced environment.

Additional Information

• Internal communication and collaboration: VP Upstream Investment & Economic Analysis, Upstream investment team.
• External communication: Group Company finance staff, external consultants as required.