Business Development

Business Development (BD) provides support to management in identifying, evaluating and finalizing potential business opportunities in the energy sector in line with the company’s vision to create value while maintaining commercial focus.

The department facilitates the management in aggressively pursuing reserves acquisition and scope out business diversification opportunities both locally and internationally. Feasibility studies for special projects are being carried out to assess possibilities for prospective business expansion.

The department also supports the Exploration team in commercial evaluation, negotiation and transaction closeout for potential business opportunities for the exploration portfolio.

In addition, BD is responsible for strategic planning and development of the company’s corporate strategy, periodic updating of its Five-Year Plan, monitoring Key Performance Objectives and implementing the Organizational Project Management plan.