Job purpose The Chief Executive Officer (CEO) is responsible for providing visionary leadership and strategic direction to drive sustainable economic growth, maximize shareholder value, and uphold the highest governance standards at OQEP. The role involves developing and overseeing the execution of the organization’s long-term business strategy, ensuring it aligns with OQEP’s vision, mission, and values while also adhering to national objectives and relevant regulatory requirements. Additionally, the role is involved in leading investment decisions, optimizing portfolio performance, and driving innovation in energy assets, while maintaining financial discipline and risk management. Furthermore, the CEO will foster a culture of collaboration, integrity, innovation, sustainability, and operational excellence, positioning OQEP as a leader in the energy sector domestically, regionally, and internationally, ultimately achieving long-term value creation for the organization and its stakeholders. |
Main tasks and responsibilities - Strategic Leadership & Business Execution
- Develop and execute OQEP’s vision and long-term strategy, ensuring sustainable growth, consistent shareholder value, and market leadership.
- Spearhead the formulation of both short-term and long-term strategies for OQEP, emphasizing portfolio optimization, cost efficiency, strategic partnerships, innovation, sustainability, and operational excellence.
- Guide the Executive Leadership Team in driving business transformation, optimizing financial performance, and enhancing overall efficiency across the organization.
- Oversee upstream business operations, driving efficiency, technological advancement, and sustainable growth.
- Direct the development and implementation of cost-competitive strategies to maximize efficiency in exploration, field development, and production.
- Lead the identification and capitalization of new opportunities for strategic growth, partnerships, and acquisitions to enhance OQEP’s market position.
- Spearhead the development and implementation of innovative solutions to enhance operational efficiency, and sustainability and increase competitiveness.
- Drive the transition towards a more sustainable energy future, integrating digital transformation and energy efficiency initiatives.
- Financial Performance & Market Strategy
- Oversee the organization’s P&L, Cash Flow, CAPEX, EBITDA, and Net Profit to maximize shareholder returns.
- Develop and execute capital allocation strategies, including M&A, investments, and cost optimization.
- Guide the development and implementation of competitive pricing and market strategies to maximize profitability while mitigating exposure to price volatility and geopolitical risks.
- Monitor industry trends, market dynamics, and competitive landscapes and align OQEP’s strategy in accordance.
- Governance, Risk & Compliance
- Oversee strict adherence to local and international regulatory requirements, financial reporting, industry best practices, and corporate governance frameworks.
- Direct the establishment and maintenance of a robust risk management framework to identify, assess, and mitigate financial, operational, environmental, and geopolitical risks.
- Drive a strong safety culture, ensuring the highest standards of Health, Safety, and Environment (HSE) performance across all operations at OQEP.
- Work closely with the Board, Audit Committee, and Regulators to uphold corporate governance, financial transparency, regulatory compliance, and risk management.
- Oversee the implementation of ethical business practices across the organization and uphold the highest standards of corporate integrity and accountability.
- Investor & Shareholder Relations
- Serve as the primary spokesperson for OQEP, engaging with key government entities, including the Ministry of Energy & Minerals, regulators, and policymakers.
- Build and maintain strong relationships with joint venture partners, international oil companies (IOCs), and national oil companies (NOCs).
- Cultivate strong relationships with institutional investors, analysts, rating agencies, and financial markets.
- Lead quarterly earnings calls, investor presentations, and financial disclosures, ensuring transparent communication of OQEP’s financial performance, strategic initiatives, and market outlook to investors, analysts, and stakeholders.
- Ensure clear and consistent communication to bolster investor confidence and share performance.
- Represent OQEP at global industry forums, conferences, and investor meetings to enhance the company’s reputation and attract investment.
- Foster collaboration with academic institutions, technology providers, and research organizations to drive industry innovation and workforce development.
- Sustainability and ESG leadership
- Oversee the integration of ESG principles into OQEP’s strategic and operational decision-making to support the Sultanate of Oman’s energy transition and decarbonization goals.
- Promote initiatives for low-carbon energy solutions, responsible resource management, and emissions reduction.
- Drive initiatives to enhance corporate social responsibility (CSR), community engagement, and socioeconomic development in the Sultanate of Oman.
- Oversee the alignment of OQEP’s operations with international sustainability frameworks and industry best practices, positioning the organization as a responsible energy leader.
- Executive Leadership & Talent Development
- Lead and inspire a high-performing executive leadership team, ensuring alignment with OQEP’s mission and strategic goals.
- Champion national talent development and Omanization initiatives, creating a robust succession pipeline and fostering local leadership capabilities.
- Promote a culture of innovation, integrity, operational excellence, sustainability, accountability, and continuous learning to enhance organizational effectiveness and agility.
- Ensure the implementation of best-in-class HR strategies, including competency frameworks, leadership development, performance management, and employee engagement programs.
- Champion OQEP’s values, ensuring they are embedded in leadership behaviors, decision-making, and workplace culture.
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Key interactions Internal: Board of Directors, Audit Committee, Executive Leadership Team, relevant business entities, all functions and streams, corporate functions. External: Muscat Stock Exchange, Oman Investment Authority (OIA), Ministry of Energy & Minerals, Customers, Third-party Labs, Joint Venture Partners, Investors & Financial Institutions, International Industry Bodies, Media & Analysts, Universities, Licensors, Vendors, Research institutions, Government Ministries, and Competitors. |
- 18+ years of relevant experience.
- Demonstrated expertise in the energy industry (required).
- 6+ years in a senior leadership role, with a proven track record of successfully managing large-scale energy projects, teams, budgets, and business plans.
| Soft: - Proven ability to inspire and lead organizational change effectively.
- Exceptional communication skills, facilitating clear and impactful interactions.
- Demonstrated capability to build effective synergies within multidisciplinary teams.
- Strong aptitude for anticipating and predicting business trends, utilizing sound evaluative judgment—including scientific reasoning—especially in pathfinding situations that require creative thinking and the development of innovative concepts and approaches to advance knowledge and ensure business sustainability.
- Skilled in managing and resolving complex issues that require strategic thinking within broad functional policies and objectives.
- Expertise in defining and strategizing new business initiatives that focus on competitive advantages while navigating diversity, uncertainty, and complexity.
- Extensive experience in engaging with government entities, regulators, investors, and industry partners, particularly in the Middle East.
Technical: - M/S Office proficiency
- KPI development
- Exploration and Production
- Surface Operations
- Reservoir Management
- Project Delivery Upstream
- Asset Development
- Business Development Upstream
- Investment Strategies, Capital Allocation, and Financial Risk Management
- Joint Venture and Operated Asset Business Models
- HSE and Industry Regulations
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