SHAHIDA HANNANI BINTI ABDUR RAFAR

• Participated in WPB and aligning operational planning with strategic business objectives.
• Involved in production planning and variance analysis, comparing actual production against WPB vs P4R target, which includes Plan and Unplanned Deferments (PD/UPD).
• Managed quarterly IOM and actively participated in Monthly Tanker Meetings including the preparation and coordination of offtake activities. Handled and resolved demurrage claims and related disputes to ensure smooth operations.

• Conducted economic analysis for a multi-billion FPSO project, assessing the impact on Internal Rate of Return (IRR) based on the latest information to support strategic decision-making.
• Performed Project Economic analysis, co-managed market surveys and bid submissions, perform contracts review/ contract deviations, optimizing competitiveness through strategic risk analysis and support for board paper submissions.
• Involved in Merger & Acquisition divestment activities to establish a Joint Control Entity, negotiating terms with potential partner, ensuring regulatory compliance and alignment of business objectives.
• Established and maintained strong relationships with lenders to ensure timely funding for operations, actively engaging in Q&A sessions to address project-related inquiries.
• Oversaw the BY2024 Business Unit Budget Strategy exercise within strict deadlines.

Achievements:

• Won bid for FPSO Technical Study ~RM2million
• Co-Led FPSO Project Bridge Loan involving 12 lenders and received Best Syndicated Loan Triple A Award

• Provided and presented monthly cost stewardship analysis (actual vs budget), identifying root causes for budget variances and measuring strategic effectiveness.
• Managed wellwork OPEX WBS creations and cost monitoring, ensuring timely AFE closure for completed wells.
• Developed and implemented new inventory procedures (introduced Key Performance Indicator) for wellwork, resolving internal audit issues and ensuring compliance.

Achievements:

• Completed to close >15 wellworks old WBS, reconciliations and analysis within 2 months.
• Co-Implemented inventory procedures for the wellwork team to enhance inventory effeciencies.

• Ensured compliance with internal and external standards, implementing baseline controls and self-effectiveness tests.
• Audit focal point for PSC audit, Joint Venture/ Partnership audit and Group Internal Audit, resolving cost recovery issues and coordinating with PETRONAS and partners.
• Provided monthly updates on cost recovery issues to the Management Team.

Achievement:

• Achieved minimal audit financing during internal audit and PETRONAS-MPM audit

• Managed cost recovery appeals, make recommendations to management, discussing and presenting cases to PETRONAS based on commercial, technical and business point of view to achieve significant approval.
• Key supporting role in Cendor Phase 2 lessons learned and project close-out.
• Analyzed the project cost evolution from MR3 to FIR and providing updates and insights to management and partners.

Achievement:

• Co-Led Cost Recovery Appeal (CRAC) from MPM-PETRONAS, successfully recovered 98% of the disputed cost as cost recovered.

• Prepared timely analysis of project cost status against Final Forecast for Completion (FFC), FIR, WPB and Approved Contract Value (ACV) to management.
• Provided updates and actionable insight to management and partners (e.g MCM, QPR) ensuring all stakeholders were informed of cost trends and potential issues.
• Regularly updated FFC based on latest project planning and management of changes (MOC), ensuring forecast were accurate and reflective of current project conditions and phasing.
• Prepared monthly Value of Work Done (VOWD), provided input for WPB, AFE and Additional Budget Request (ABR) for partners’ approval.
• Worked closely with engineers to monitor any changes in scope of work, re-phasing of project activities, ensuring cost estimates were timely and captured in the final project cost.
• Prepared and presented the FIR and conducted workshop with PETRONAS to obtain FIR approval.

Achievement:

• Led the Final Investment Review (FIR), achieved 68% cost recovery approval from PETRONAS
• Initiated Oracle-based Project Reporting, improved reporting efficiency by 2 days
• Completed accounting data reconciliation from Sun System to Oracle within 2 days

• Managed management accounts, financial statements, and key finance functions, including general accounting, month-end closing, receivables, payables, collections, and payroll. Analyzed profit and loss accounts and balance sheets for management review.

• Led audits across the oil and gas industry, identifying business risks and recommending improvements.

Achievement:

• Recommended tax maximization to audit client, resulted to about RM20m tax savings