Saudi Aramco seek for Engineering Specialists to work with the Downstream Capital Portfolio Planning Department. The engineer primary role is to help with developing business cases to support profitability and growth targets.
The successful candidate should hold a bachelor degree in a technical filed from a recognized and approved program, preferably in chemical engineering.
Must have minimum of 15 years’ experience within refining or petrochemicals, focusing on planning and economics with at least 5 years of experience in operations.
Must have previous Linear Program (LP) experience.
Production Information System (PIMS) experience is highly desirable.
Deep understanding on investment analysis, including build up to NPV’s and IRR.
Ability to communicate and present outcomes of economic analysis.
Duties and Responsibilities
You are expected to be able to perform the following:
Develop pre-feasibility studies for new business opportunities.
Generate Downstream Investment Plans covering all sectors (Refining, Chemical, Power, Supply System) for both current and new facilities.
Enhance the competitiveness of the current asset base by capturing integration opportunities.
Develop value assurance processes for economic evaluations and business cases of capital projects throughout the project life cycle.
Participate in value engineering sessions to maximize economic realization for projects.
Incorporate study cases into the LP and utilize it as a basis for business case definition.
Update shift vectors in the LP with data from test runs and changes in operating modes.
Perform back casting to identify the impact of any variance in the level of operations on the profitability of the complex and assess profitable business opportunities using the LP.
Perform economic evaluation and rigorous financial modeling/analysis to identify value creation opportunities that align with the company’s strategic objectives.
Develop, use, document, test, and maintain models to evaluate project economic performance and to study project sensitivities.