Overview
Description:
Aramco energizes the world economy.
Aramco occupies a unique position in the global energy industry. We are the world’s largest producer of hydrocarbons (oil and gas), with the lowest upstream carbon intensity of any major producer.
With our significant investment in technology and infrastructure, we strive to maximize the value of the energy we produce for the world along with a commitment to enhance Aramco’s value to society.
Headquartered in the Kingdom of Saudi Arabia, and with offices around the world, we combine market discipline with a generations’ spanning view of the future, born of our nine decades experience as responsible stewards of the Kingdom’s vast hydrocarbon resources. This responsibility has driven us to deliver significant societal and economic benefits to not just the Kingdom, but also to a vast number of communities, economies, and countries that rely on the vital and reliable energy that we supply.
We are one of the most profitable companies in the world, as well as amongst the top five global companies by market capitalization.
Overview
We are seeking Economic Analyst to join our carbon capture & sequestration team.
Carbon capture & sequestration department is responsible for the development and deployment of advanced technologies and strategies that enable a large-scale removal and permanent storage of carbon dioxide from industrial emissions.
Your primary role is to have overall responsibility in understanding, developing and maintaining economic and financial models and cost competitive analysis for carbon capture, utilization and sequestration transactions and derivative markets and businesses.
Duties & Responsibilities
As a successful candidate, you will be required to perform the following:
- Develop and maintain a deep understanding of project economics for carbon capture, utilization and sequestration value chain
- Regularly reports and presents to management and applicable teams’ relevant economic analysis, impacts and updates based on project configuration changes and other applicable factors
- Carry out end-to-end project economic assessments across the entire value chain, from feedstocks to various end-markets
- Conduct cost competitiveness and benchmarking of various projects
- Provide insights and drives financial and economic assessments and due diligence exercises relating to projects and potential investments, as well as strategic assessments of potential partners
- Assist in establishing and shaping pricing mechanisms and strategies for carbon capture, utilization and sequestration
- Develop and maintain a deep understanding of technologies and processes for carbon capture, utilization and sequestration
- Develop and runs various financial models for carbon capture, utilization and sequestration business, by monitoring and calculating IRR’s, cashflows, NPV’s, cash cost and conducting margin analysis
- Develop profit and loss analysis, as well as understand financial statements and gleaning relevant insights when it comes to competitive assessments and benchmarking
- Mentor junior analyst, while keeping abreast with the market, pricing and industry developments within carbon capture, utilization and sequestration business
Minimum Requirements
As a successful candidate, you will have:
- Bachelor’s degree in Economics or Finance or engineering related degree.
- Minimum of 10 years of experience in financial modeling, including at least 5 years in carbon capture, utilization and sequestration business.
- Strong economic and financial modelling skills
- Expertise in using of MS Excel and other related software
- Substantial background in areas of financial management and economic analysis, commercial law, taxation and investments
Working environment
Our high-performing employees are drawn by the challenging and rewarding professional, technical and industrial opportunities we offer, and are remunerated accordingly.
At Aramco, our people work on truly world-scale projects, supported by investment in capital and technology that is second to none. And because, as a global energy company, we are faced with addressing some of the world’s biggest technical, logistical and environmental challenges, we invest heavily in talent development.
We have a proud history of educating and training our workforce over many decades. Employees at all levels are encouraged to improve their sector-specific knowledge and competencies through our workforce development programs – one of the largest in the world.
Job ID: 15205
About Saudi Aramco
Saudi Aramco is the world’s largest integrated oil and gas company; its upstream operations are based in the Kingdom of Saudi Arabia and it also operates a global downstream business. Headquartered in the city of Dhahran, the company operates in eight locations within the Kingdom and 20 locations overseas, and employs around 76,000 people.
