Commercial Advisor

Country

Canada

Location

Calgary

Employment Type

Employee

Requisition Number

CAN02674

Closing date

Aug-20-2025

Company Overview

Welcome to CNOOC International. We are a global energy company and subsidiary of CNOOC Limited with a vision of delivering safe, sustainable energy for all.

CNOOC International, the international division of CNOOC Limited, is a global energy company with operations in Asia, Africa, the Americas, the Middle East and Europe. Our successful growth as an upstream oil and gas producer has been achieved by consistently finding and developing world-class assets.

Our business is focused on safely exploring and producing from conventional offshore, unconventional and oil sands assets. As part of the CNOOC Group of companies, which span the entire energy supply chain, our size and capability create a competitive advantage that ensures we deliver long-term value.

In Canada, CNOOC International has oil sands assets in Long Lake, located in northern Alberta just south of Fort McMurray, which is a SAGD and partial Upgrader operation with production capacity of 85,000 barrels of bitumen a day. We also have interest in several other oil sands projects, including Hangingstone, operated by Greenfire Resources Operating Corporation and Syncrude’s oil sands mining upgrading facility. In addition to our oil sands business, we have shale gas land in Northeast British Columbia, a power station in Balzac, Alberta, and interest in a wind farm in southern Alberta. Calgary is our regional corporate office for all North America.

CNOOC and You

Your career at CNOOC is about moving forward – learning new skills, broadening experiences, and making meaningful contributions. From personal career development that enables you to fulfill your potential, to employee programs that help you make the most of work life balance.

We encourage and promote work-life balance by allowing you to participate in our Compressed Work Schedule (CWS) that will give you two Fridays off per month and flexible work hours.

In exchange for your dedicated work is a total rewards package that not only recognizes your contribution, but also provides for your family. We offer competitive Company-paid benefits that support your mental, physical and financial well-being! Including an annual Wellness Account, a generous paramedical allowance, and access to a team of Virtual Health Care professionals to guide you to the right medical resource. Save for your future by participating in our Pension plan and join our Savings Plan with Company-matching. We encourage you to further step up for your community by giving you two paid volunteer days, volunteer rewards and sports grants to support causes you are passionate about.

Bold ideas, diverse perspectives, and the determination to fuel our success are what set us apart. Therefore, we are seeking a Commercial Advisor to join our growing team in Calgary, Alberta. This dynamic role will be instrumental in supporting commercial negotiations, managing key stakeholder relationships, and delivering strategic insights that enhance the value of our assets and drive long-term business performance.

Your Background

- 8+ years of experience in a commercial advisory profession or relevant field。

- Undergraduate or post graduate degree in appropriate subject (e.g. Law, Business Studies, Economics, Engineering, Geosciences)

- Significant work experience with a solutions-focused, can-do approach to their work, along with great communication and teamworking abilities.

- Experience in building economic models required with knowledge of international fiscal systems a helpful asset.

- Capable in oral and written Spanish and/or Portuguese beneficial.

Your Role with Our Team

- The Commercial & Economics Advisor is responsible for leading commercial & economics work related to various Commercial & Economics initiatives as well as gathering, analysing, and presenting information related to various CNOOC International opportunities. Responsibilities include:

- running project economics;

- coordination of all commercial efforts (including direction of work by legal, tax, finance, etc) related negotiation of confidentiality agreements, joint bidding agreements, offer letters, farm in agreements, PSC’s, and sales & purchase agreements;

- representing the company as lead negotiator before host governments or other counterparties;

- gather and disseminate relevant competitive intelligence that may impact the current CNOOC portfolio: financial status of partners, competitor portfolio moves, distressed companies, etc. Gather external information to analysis and interpret commercially-relevant business intelligence, benchmarking data and information on competitor activities in the Americas upstream sector;

- completion of Above Ground Risk Identification with further analysis if project proceeds to bid;

- Economic Analysis & Valuation & Organizational Support;

- Build, maintain and utilise Excel based models of fiscal regimes appropriate for opportunities being considered by the Business Development Centre; Implement and use best appropriate petroleum property evaluation processes, tools and methodologies in-line with corporate standards to evaluate the economic merits of the acquisition or divestiture activities for CNOOC International;

- Suggest and introduce improvements to the Business Development Centre economic evaluation standards to ensure the highest levels of economic modelling diligence;

- Contribute to the development of commercial and economic standards for the BD Centre;

- Transaction Support & Project Management Work;

- Prepare documentation on key Commercial & Economics metrics and risks, including documentation related to agreements and deal structuring;

- Prepare risk assessment for non-technical considerations along with detailed commercialization reports as required by the region (ie: market studies); propose price assumptions if no corporate forecast is issued;

- Participate in negotiations related to confidentiality agreements, offer letters, joint bidding agreements, Sales & Purchase Agreements, Production Sharing Agreements, and Joint Operating Agreements related to M&A and New Ventures acquisitions or divestitures;

- Complete the Risk Identification Checklist of non-technical items for project specific regions. As the project progresses, ensure any issues highlighted are investigated and mitigation plans developed;

- Contribute to the development and ongoing modifications of CS standards and guidelines for the BD Centre;

- Engage with Americas Asset Teams to ensure all commercial requirements are fulfilled. From the outset this will include developing positive long-term relationships with potential partners through the establishment of commercial arrangements to proactively support the asset team, and managing the ongoing relationship through JV partner (JOA) obligations as requested by the team;

Your Career Development

The opportunities are limitless when you join our team. Our employees are encouraged to drive their development, enhancing their career through experiences, exposure, and education. A mentoring program, on-demand e-Learning courses, and formal training opportunities are all ways in which CNOOC International supports your career growth.

Closing Statement

All positions require background checks which could include:

- Criminal police record check

- Education verification

- Credential verification