Economic Model Specialist

About the role

ADNOC Refining is looking for an Economic Model Specialist in Abu Dhabi. The role ensures that economic models used for production optimization are fit for purpose and up to date, and supports economic evaluations of feedstock and product imports and exports. It also involves monitoring refinery performance against real-time and historical data and highlighting margin improvement opportunities.

Key responsibilities

• Work with the SCMD team to ensure accurate representation of operating constraints in the LP model, and enhance LP and economic models so they remain fit for purpose.
• Keep business constraints and pricing data current in the models, and build models for evaluating intermediate and product sales and purchases.
• Carry out economic evaluations of feedstock purchases, product and intermediate sales and other business cases, and prepare supporting documentation and presentations for commercial decisions.
• Maintain auditable records and a database of economic evaluation records.
• Support the Senior Specialist in monthly variance analysis, product quality KPIs, yield patterns and margin losses from shutdowns and process limitations.
• Oversee the Profit Improvement Plan (PIP) at sites, run scenario analyses for shutdowns and slowdowns, and give weekly economics presentations to refinery management.
• Plan, supervise and train staff, contribute to department budgets, implement policies and comply with HSE, legal and sustainability requirements.

Required profile

• Bachelor's degree in Engineering, Science, Business, Economics or equivalent; additional business qualification is an advantage.
• 8 years of experience building and interpreting economic models, preferably in oil, gas or petrochemical plants.
• Knowledge of the oil and gas industry and excellent communication skills.
• Proficiency in written and spoken English; knowledge of Arabic is preferable.

Required skills

• Business analysis and report writing and presentation skills.
• Linear programming planning models for refineries.
• Construction of economic and financial spreadsheet models and optimization modelling with spreadsheets and/or linear programming.