Job Description
Entity:
Gas & Low Carbon Energy
Job Family Group:
Job Description:
Our purpose is to deliver energy to the world, today and tomorrow. For over 100 years, bp has focused on discovering, developing, and producing oil and gas in the nations where we operate. We are one of the few companies globally that can provide governments and customers with an integrated energy offering. Delivering our strategy sustainably is fundamental to achieving our ambition to be a net zero company by 2050 or sooner.
We are hiring VP Low Carbon Portfolio to lead for G&LCE on critical M&A projects in Low Carbon and evaluate concepts for low carbon power businesses!
The VP Low Carbon Portfolio role is a permanent role reporting to the SVP Low Carbon.
The role holder will act as commercial lead on portfolio and performance management of the Low Carbon Portfolio (outside of H2/CCS) and deputise for the SVP Low Carbon in MPR/BPR/IG meetings (outside of H2/CCS) as needed. The successful candidate will also be accountable to deliver the final phases of the Low Carbon transformation programme, including stranded costs, residual liabilities/TSA management. You will also be accountable for acting as the commercial interface between the iJV’s and ST&S/trading to manage the integration of assets and optimisation of offtake and trading value.
What you will deliver
Commercial and project leadership (~50%):
Commercial SPA for 2-3 critical M&A/BD projects in Low Carbon as prioritised to the portfolio
Evaluate and incubate potential concepts for low carbon power businesses (e.g. FlexGen) and drive opportunities through Low Carbon and Group governance processes where relevant
Commercial lead on future farm-downs, iJV formation and BD opportunities as appropriate.
Leveraging power expertise to lead bp’s power offtake structuring & agreements from iJVs (~20%)
Commercial lead for bp on negotiations and closing out on JERA Nex bp power offtake and other iJV’s as relevant
Support ST&S in developing bp’s new capability to manage NZT power offtake/FlexGen
Identify & execute opportunities to create value through integrating power from different assets
Managing procurement and deployment of 3rd party power analysis to bp projects and IJVs
Portfolio & Performance Management (~10-20%):
Commercial lead on portfolio & performance management of Low Carbon Portfolio, including MPR/BPR, costs/capex reviews, working with Finance as lead.
Support assessment of Low Carbon investment cases & iJV cases as needed
Coordinate delivery of portfolio value through integration of assets across different iJVs
Integrate stakeholders across bp and iJVs, to identify portfolio and market opportunities
Review operational performance and leading indicators of future business plan delivery
iJV commercial support (~10-20%):
Advise Shareholder Team and act as Owner’s Engineer on power and technical issues, using 3rd party and BTC resources
Drive residual liability & stranded cost management and TSA/SLA’s related to Low Carbon JV formation & exits
Work with functional resources e.g. BD for power growth, Finance for market analysis, ST&S for gas/power trading; SCP for customer linkages
In this role, we have the following requirements:
Significant business acumen and commercial understanding
Technical experience in an energy business
Deep understanding / experience of global power markets (both short term and longer-term trends) and strategic implications
Significant experience gas value chains and in low carbon energy, especially low carbon power, hydrogen, and CCS
Significant experience in working with Trading, BD, M&A and in JV’s
Proven track record to influence and build strong relationships internally and externally to bp
Proven ability to manage complex situations; translate this to action; and engage/update senior stakeholders as necessary.
Commitment to ethical leadership and integrity in all business dealings, ensure alignment with bp’s values and standards
Why join our team?
We support our people to learn and grow in a diverse and challenging environment. We believe that our team is strengthened by diversity. We are committed to crafting an inclusive environment in which everyone is respected and treated fairly.
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, collaboration spaces in a modern office environment, and many others benefits! We operate a hybrid model with 60% from the office and 40% from home with flexibility as agreed with line management.
Travel Requirement
Relocation Assistance:
Remote Type:
Skills:
Legal Disclaimer:
We are an equal opportunity employer. We do not discriminate on the basis of protected characteristics like race, religion, color, sex, national origin, sexual orientation, 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.