Company:
BP

Asset Economist

Req ID: 13919BR
Relocation Available: Yes - Domestic (In country) only
Travel Required: Yes - up to 10%


Description:

• The Asset Economist is responsible for using the refinery LP model to evaluate crude and feedstock purchasing opportunities together with product slate scenarios, to develop the optimal refinery strategy.
• These tasks are performed in close coordination with the Crude Supply Coordinator, Supply Traders and the refinery Production Planning group.
• Close coordination with the Cherry Point Asset Economist is also required, as many cargos are shared between the two facilities.
• The Asset Economist position is an excellent role in which to develop a deep understanding of commercial decision-making within the Refining, Supply and Trading areas of activity.


Key Accountabilities:

• This role supports the Production Planning / Commercial Optimization teams responsible for developing the refinery out month operating plan and the crude plan.
• During the weekly planning cycle the Asset Economist uses the refinery linear program (LP), crude and product price sets supplied by the traders to evaluate economic incentives associated with different crude and intermediate feedstock purchasing options in the forecast demand scenarios.
• The Asset Economist is responsible for defining the LP scenarios to be run, carrying out the analysis, analyzing the output and providing critical commentary on the results to the refinery planners and supply coordinators.
• All stages of the optimization process are completed in conjunction with the Carson Production Planning Team and the Refining Supply Team.
The Asset Economist plays a key influencing and leadership role in this optimization process and is expected to develop strong Refining/Refining Supply relationships, challenge the status quo and support both parties to maximize commercial performance.
• The Asset Economist is also responsible for leading activities that identify medium term growth opportunities in commercial optimization; this can involve leading constraint challenge workshops to increase optionality around crude, products and logistics activities.
• Growth opportunities may also involve development activities associated with the tools and business processes that are used to support supply and trading activities.
• The post-holder participates in the Refining Supply performance monitoring process, identifying the sources of value that have contributed to performance and completing a monthly retrospective review of the decision process around crude.


Duties:

• Work to improve evaluation tools and business processes.
• Be proactive in determining ways to improve the overall margin capture.
• Intermediates and Blend stocks evaluation.
• Support to refinery performance management analyst.
• Support as required for Cherry Point Asset Economist.



Essential Criteria & Qualifications:

• 5+ Years of Refining, Production Planning, and/or Supply Experience.
• LP and/or modeling experience a plus but not required.
• BA/BS Engineering, Technical Discipline or equivalent experience required.
• MBA helpful but not required.
• Excellent communication skills.
• Demonstrated strong leadership and interpersonal skills.
• Proven track record as a strong team player, able to form powerful relationships and engage others.
• Strong bias for action and the ability to work under pressure.


Desirable Criteria & Qualifications:

• Performance Bias - Overcomes obstacles and adapts approach to achieve outstanding results.
• Performance Bias - Bias for action – does things before being asked to or forced to by events.
• Business Awareness - Displays awareness of the broader impact of actions on colleagues, community, and environ.
• Business Awareness - Understands the role of the team and how to contribute to the commercial success of the Business Unit or Function, and how that fits into the wider organization.
• Partnership and Teamwork - Builds networks to enhance effectiveness and share knowledge.
• Partnership and Teamwork - Listens actively to others and assimilates their input and views. Open to candid feedback, new perspectives, continuous learning and self-development.
• Wise Decisions - Clarifies the key issues in complex and ambiguous situations.
• Innovation - Thinks outside the normal parameters, takes unusual perspectives on situations, challenges.
• Managing Manufacturing & Production - Skillful Application
Understanding of refining processes, economics, and the commercial aspects of the refining business.