This role is in bp’s rapidly growing Hydrogen and Carbon Capture & Storage (CCS) business, as the Business development analyst for the flagship Northern Endurance Partnership (NEP) project.
bp is operator of the NEP project, providing transportation and storage of CO2 to the East Coast Cluster, which has been selected as one of the first two CCS clusters in the UK. With 25 eligible emitter projects and three offshore storage licences, NEP is set to be the world’s largest CCS project and a pioneer in CCS regulatory business models.
The Business Development Analyst will own and lead the key commercial insights for the flagship Northern Endurance Partnership (NEP) and support critical upcoming negotiations with the UK government. This will require integrating activities between the commercial team, regulatory team, negotiators, project finance, and technical teams, working closely with JV partners and providing analysis to senior bp management. Key accountabilities include financial modelling, supporting negotiation of commercial terms, developing the regulated business plan, stakeholder management, and CO2 market analysis.
- Lead the economic modelling of projects and deals
- Lead commercial analysis and insights for senior internal and external stakeholders
- Support bp negotiators with structuring and negotiation of the novel government business model (Transportation & Storage Regulatory Investment model and Government Support Package) and various commercial agreements (CO2 transportation & storage agreements)
- Work with the regulatory team, technical teams and JV partners to develop the regulated business plan for NEP
- Develop CO2 market insights for NEP
- Act as key commercial integration point with the technical team to optimise value
- Support development of debt financing of the project with bp treasury and external banks
- Support JV and stakeholder management, representing NZT in key partner, government and other stakeholder meetings
- Support investment governance
- Support coaching and development of team members
- Demonstrated ability to generate commercial insights in complex value chains
- Track record of delivering detailed quantitative analysis using advanced Excel/modelling capabilities
- Ability to effectively network and collaborate across functions and teams
- Proven communication skills with ability to deliver high quality management information
- Understanding of commercial contract structures
- Self-starter with ability to operate independently without close supervision
- Knowledge of investment governance processes
- Experience in UK regulated businesses
- Experience in CCS and/or other low carbon sectors
- Experience in project finance
- Degree Level or Equivalent in Finance, Business, Accounting, Economics or STEM subjects