Aramco Overview
Aramco is one of the world's largest integrated energy and chemicals companies, creating value across the hydrocarbon chain, and delivering societal and economic benefits to people and communities around the globe who rely on the vital energy we supply. With global population forecast to increase by two billion over the next 25 years, even more energy will be required to meet rising demand. It will take all available sources of energy to fill this need, both legacy and alternative sources.
The company is committed to driving energy efficiency and addressing the global emissions challenge. And as the world's largest integrated oil and gas company, we believe we are uniquely qualified to make effective contributions to the overall solution. The company is also committed to playing a leading role in the energy transition. It has a responsibility to help the world achieve a net-zero economy, and our people are working hard to help solve the world's sustainability challenges. To help ensure optimal future performance, we are focused on delivering greater value, creating additional organizational resilience, enabling continued growth, and developing future-proofing technology solutions.
Overview
This newly created position will have overall responsibility in understanding, developing and maintaining economic and financial models and cost competitive analysis for the low carbon hydrogen (LCH) and derivative markets and businesses.
The role will spearhead and deliver economic insights, build and run economic and financial analysis for the low carbon hydrogen (LCH) business from a product/derivative, regulation, hydrogen carrier, price formation, project and company perspective. The position will also run various sensitivities factoriing in different prices, technologies, locations, transport and other relevent and applicable variables. Furthermore, this position will lead and run financial and economic modelling for Aramco low carbon hydrogen/ammonia projects and valuation execises as part of screening and due dilligence execises for new M&A and investment opportunities.
Ultimately, these activities will provide support in shaping the current and future business strategy, investment decisions, off-take pricing discussions with partners and customers and other relevant business activities
The incumbent will be Aramco’s ultimate economic and financial authority on the low carbon hydrogen/ammonia market, connecting with outside consultants when needed.
Key Responsibilities
- Develop and maintain a deep understanding of project economics for the low carbon hydrogen value chain and low carbon economy
- 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 from a feedstock, technology, location and hydrogen carrier perspective
- Provides 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 and customers
- Assist in establishing and shaping pricing mechanisms and strategies for low carbon hydrogen and ammonia
- Develop and maintain a deep understanding of technologies and processes for LCH/ammonia and alternatives and different LCH carriers
- Developing generic models and carries out landed cost competitive analysis for LCH/ammonia for our target markets and competition, based on locations, feedstock, technology, hydrogen carriers and different price sets
- Develops and runs various financial models for the low carbon hydrogen business, by monitoring and calculating IRR’s, cashflows, NPV’s, cash cost and conducting margin analysis
- Able to understand and develop profit and loss analysis, as well as understand financial statements and gleaning relevant insights when it comes to competitive assessments and benchmarking
- Train and mentoring junior analyst, while keeping abreast with the market, pricing and industry developments within the low carbon hydrogen business
Minimum Requirements
- Degree in Economics/Business/Finance/Accounting or engineering related degree. An MBA, or an M.Sin above fields or other advanced professional engineering degree is highly desirable.
- Minimum of 10-15 years of experience and proven track record in the hydrogen/ammonia related markets, with specialist knowledge and experience of products, derivatives, applications and markets)
- Strong economic and financial modelling skills and use of MS Excel and other related software
- Comfortable with handling and organizing various types of economic and financial data
- Must have excellent communication skills (written and verbal) and interpersonal skills and be willing to transfer implicit knowledge to others
- Substantial background in areas of financial management and economic analysis, commercial law, taxation, investments, banking and forex
