Job summary
Entity:
Finance
Job Family Group:
Finance Group
Job Description:
About the role
The Senior Commercial and BD Advisor will be responsible for integration across various functions within Gulf of America and Canada as well as management of external relationships in support of the region’s aims and ambitions with a primary focus on supporting the commercial and financial aspects of GoA Canada decommissioning while secondarily leading business development and commercial activities. This will be done by tracking financial outcomes, leading on investment governance, negotiating and providing contractual guidance to multi-discipline teams on common offshore agreements including but not limited to leases, Joint Operating Agreements, Participation Agreements, Purchase and Sale agreements, Production Handling Agreements, and Decommissioning Credit Support Agreements. The Senior Commercial and BD Advisor will also be the subject matter expert on financial assurance, bp and industry form decommissioning credit support agreements, and regulatory interpretations of Joint and Several obligations.
Key Accountabilities
- SPA for receiving and leading decommissioning notifications, orders, maintenance and monitoring requests, INCs, figuring out course of action are needed, and determining what liabilities may exist. Tracking and calling of credit support in favor of bp.
- Supporting the decommissioning technical team on Operating Agreement creation, obligation tracking, designations of operator.
- Owning the decommissioning risk register and annual submission of the decommissioning risk reversion template. Lead on tracking of decommissioning spend against plan and latest forecast.
- Lead on JV, decommissioning, and associated agreement structuring through strategic negotiation, valuation, and contract interpretation to increase value while mitigating risk. Subject matter expert on Decommissioning Credit Support Agreements.
- Support delivery of decommissioning plans by understanding the agreements critical to its success
- Interface and maintain relationships with various internal partners including finance, legal, tax, regulatory and technical functions
- Interface externally with other E&P companies and various branches of the Department of Interior. Act as bp representative in support of industry wide private and regulatory solutions to financial assurance.
Essential Education
- Degree in Energy Management, Petroleum Land Management, Business, or related degree required
- Juris Doctorate (J.D.) would be considered in lieu of the above
Essential Experience
- Minimum 12 years industry experience with 8+ years commercial operations, joint venture management and/or negotiation experience.
- Knowledge of common offshore agreements including but not limited to leases, Joint Operating Agreements, Participation Agreements, Purchase and Sale agreements, Production Handling Agreements, and Decommissioning Credit Support Agreements required.
- Knowledge of offshore regulatory environment
- Ability to effectively influence and build alignment with multi-disciplinary teams
- Knowledge of bp’s financial planning and governance processes. Capable of performing economic evaluations and effectively communicate outputs
- Manage multiple priorities with a strong track record of delivery
Desirable Criteria
- Familiarity with deepwater Gulf of America and Canada Business
- Ability to conduct credit reviews to determine risk profiles of counterparties
- Familiarity with BOEM and BSEE regulations
Why join us
At bp, we support our people to grow in a diverse and exciting environment. We believe that our team is strengthened by diversity.
There are many aspects of our employees’ lives that are meaningful, so we offer benefits to enable your work to fit with your life. These benefits can include flexible working options, a generous paid parental leave policy, excellent retirement benefits, among others!
We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.
Reinvent your career as you help our business meet the challenges of the future. Apply now!
Travel Requirement
Up to 10% travel should be expected with this role
Relocation Assistance:
This role is not eligible for relocation
Remote Type:
This position is a hybrid of office/remote working
Skills:
Agility core practices, Analytical Thinking, Business process control, Business process improvement, Commercial Acumen, Communication, Creativity and Innovation, Credit Management, Customer centric thinking, Data Analysis, Decision Making, Digital fluency, Financial Reporting, Group Problem Solving, Influencing, Internal control and compliance, Management Reporting, Managing change, Presenting, Risk Management, Stakeholder Management, Sustainability awareness and action, Transactional Accounting and Closing Processes
Legal Disclaimer:
We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, socioeconomic status, neurodiversity/neurocognitive functioning, veteran status or disability status. Individuals with an accessibility need may request an adjustment/accommodation related to bp’s recruiting process (e.g., accessing the job application, completing required assessments, participating in telephone screenings or interviews, etc.). If you would like to request an adjustment/accommodation related to the recruitment process, please contact us.
If you are selected for a position and depending upon your role, your employment may be contingent upon adherence to local policy. This may include pre-placement drug screening, medical review of physical fitness for the role, and background checks.