Senior Manager (Upstream Business Development)

About PETROS

At PETROS, we aim to achieve sustainable development for Sarawak and the nation through responsible resource management. We embarked on this journey with a purpose: Harnessing Resources for the Sustainable Progress of Sarawak and Beyond. Through innovation, collaboration and a forward-thinking approach, PETROS aims to pioneer solutions that pave the way for a more sustainable and equitable energy future. 

Position Overview 

The role is responsible for identifying, evaluating, and developing new upstream oil and gas business opportunities. This role will support portfolio growth through acreage acquisition, farm‑ins/farm‑outs, M&A activities, and strategic partnerships while ensuring alignment with corporate strategy, risk appetite, and value creation objectives. This is a hands‑on deal and analysis leader responsible for maturing upstream opportunities that support PETROS’ role as Sarawak’s resource custodian and gas aggregator.

Key Responsibilities 

• Identify and screen upstream business opportunities including exploration blocks, producing assets, farm‑in/farm‑out opportunities, and mergers & acquisitions.
• Support development and execution of upstream growth strategy aligned with PETROS and Sarawak energy objectives.
• Monitor regional and global upstream market trends, licensing rounds, competitor activity, and regulatory developments.
• Lead or support technical, commercial, and economic evaluation of upstream opportunities.
• Coordinate subsurface, drilling, facilities, operational and commercial inputs to develop integrated business cases.
• Prepare economic models (NPV, IRR, sensitivity analysis) and value assessments.
• Support and, where required, lead negotiations for PSCs, JOAs, farm‑ins/farm‑outs, and asset acquisitions or divestments.
• Work with legal and commercial teams on term sheets, data room reviews, and transaction closing.
• Build relationships with partners, operators, service providers, regulators, and government agencies.
• Act as a focal point between internal technical teams, management, and external stakeholders, as well as to represent the company in technical–commercial discussions and industry forums.

Qualifications & Experience 

• Degree in Engineering, Geoscience, Finance, Commercial or related discipline.
• Minimum 15 years of upstream oil & gas experience, with experience in business development, commercial, or financial analysis roles.
• Strong financial and economic modelling capability, with solid understanding of upstream value drivers and risks.
• Possess a strong negotiation and stakeholder‑management skill, as well as high attention to detail with strong commercial judgement.

What We Offer: 

• A dynamic and inclusive work environment that fosters growth and innovation.
• Competitive compensation and benefits package.
• Opportunities for professional development and career advancement within a global organization.
• The chance to be part of transformative projects that impact Sarawak and beyond. 

Application Deadline: 30 April 2026