Oil and Gas: Planning and Economics Manager at Petrok Oil And Gas Services Limited

Petrok Oil And Gas Services Limited  is a project support company registered in Nigeria and dedicated to reducing clients’ risks by providing Manpower Supply and Development, Equipment/Material Supply Services, Marine Vessel Supply and Offshore Operations, Heavy Duty Equipment Supply & Maintenance and Technical Consultancy Services.
Petrok Oil and Gas Service Limited provides services to clients in the Oil & Gas industry, Energy, Engineering and other industries. At POGS, we ensure that our clients focus on their comparative advantage, save money and time by outsourcing needs to a highly efficient and skilled team. We understand the essence of redefining standards in the industry hence; we have entered into strategic alliances with renowned names in the industry to continuously boost the level of support we provide to our client and their operations.

Job Title: Planning and Economics Manager


  • The Planning and Economics Manager will coordinate the planning and economics function within the company.
  • The job holder’s main objectives are Economic Evaluation & Portfolio and Development Planning.


  • Coordinate periodic portfolio reviews to reduce, rank and manage investment risk.
  • Liaise with relevant stakeholders to create proprietary frameworks for planning and asset management.
  • Liaise with relevant departments to develop rounded field, asset and portfolio development plans.
  • Manage and Reconcile macro, competitive and industry analysis views with field development objectives and advise on priority, timing and business development.
  • Conduct analytic planning and scheduling reports for ongoing projects to identify potential problem areas and report findings to management.
  • Key custodian of portfolio/asset performance measurement.

Economics Analysis

  • Develop and maintain robust and integrated economic models for all assets in portfolio.
  • Co-ordinate formal assumptions reviews and sign-offs and compiling the assumption documents.
  • Develop economic model sensitivities, alternative scenarios, value-driver and decision tree analysis.
  • Keep abreast of developments on economic evaluation, taxation and fiscal terms, cost structures.
  • Lead statutory reporting of hydrocarbon reserves.
  • Build, update and maintain models for statutory reporting.
  • Provide economic input into business development, strategic development and stakeholder management
  • Perform all other duties that are necessary and reasonably attached to the Planning and Economics Manager position and the fulfillment of its responsibilities.
  • Any other responsibilities as assigned by the Head, Commercial.

Key Performance Indicators

  • Robust economic analysis
  • Value-driver implementation
  • Effective Portfolio Planning
  • Pro-active response.


  • Bachelor’s degree in an Engineering, Science or any relevant discipline.
  • Master’s in numerate/ science or a MBA will be an advantage.


  • 8-15 years’ experience in economic analysis, portfolio planning and asset management.
  • Some project management experience.
  • Subsurface, Geo-science or asset management experience is desirable.
  • Independent E&P experience is a plus


  • Candidate must be proficient in the use of either Palantir Plan or Schlumberger’s Merak Peep
  • planning tool.
  • Communication and interpersonal skills.
  • Analytical and problem solving skills.
  • MS Project and Excel modelling is a prerequisite.
  • Stakeholder Relationship Management.
  • Teamwork
  • Planning, Organization & Coordination
  • Proficient use of MS Office application.
  • Strong spreadsheet skills.

Personal Attributes

  • Integrity and ethics; objectives; able to work with minimal supervision.
  • Accuracy and reliability; highly numerate.
  • Adaptable, proactive, sound judgement and use of initiative.
  • Ability to work under pressure and observe contractual deadlines and timetables.
  • Displays a quality of work that reflects high professional standards, and projects a professional and positive image at all times.
Location: Lagos

Closing Date
11th November, 2016


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