Cost Controller

Job Description

• Develop I assist with the development of AFE's in respect of Capital Well Costs and link through appropriate Work Breakdown Structure (WBS) for budgeting and after work allocation processes.

• Review daily drilling reports for jobs performed in conjunction with Operations Engineers. Verify items on day-to-day technical/operations activities vs. budget and contracts for better cost control.

o Report on actual spendby contractorandsupplier.

o Monitorspends by category,contractorandWBSversusbudget.

o Preparesdaily updateon the cost / time forecastto complete.

• Verify invoices associated with the execution of well projects.

• Organize cost review meetings with budget responsible to identify opportunities to improve budgetary control.

• Monitor and update the project KPls to evaluate the project performance.

• Make sure all the cost control processes are compliant with supply chain and financial procedures.

• Respond to queries raised by auditors (internal, partners etc.), internal control, vendors etc.

• Execute with Contracts and Operations Engineers all Drilling and Completions Department contracts with special emphasis on contract value, variations and/or any other changes, then reflect them in the AFE's to provide inputs for contract variation requirements, fulfilling contractual obligations and processing Contract close-out documentations including Statement of Final Account (SFA).

• Investigate technical and operational issues related to contractors claims ensuring all billed items are correct and in accordance with project contracts. Provide solution to all problems arising processing the claims.

• Collaborate with Drilling Operations Engineers to provide input for final well reports and other reports, as required.

• Lead and direct Technical/Clerical Staff for issuing accruals and cash calls and liaise with all projects operations engineers to systemize all executed tickets for optimum accuracy of accruals report

• Provides and gives work direction to less experienced colleagues, etc. openly shares knowledge.

• Should be comfortable with meeting short deadlines and have the ability to timely deliver a quality product.

• Continuous interactions Internally with Drilling, Supply Chain, Financial department and externally with Service Companies.

Qualifications & Qualities

• Minimum 5 years of related experience in Cost controlling with Drilling department

• High professional education degree is required

• Good understanding of drilling & completion operations

• Desirable to have hands-on experience of drilling & completion operations

• Solid understanding of the demand / supply chain process, accounting principles in oil & gas upstream industry

• Ability to work well with others in a culturally diverse, multi-functional team environment

• Able to interact effectively with peers; service and contractor representatives.

• Good communication and interpersonal skills

• Good accounting knowledge (Cost Allocations / Accruals etc.)

• Fluent in written and spoken English language.

• Strong analytical and communication skills together with excellent computer literacy

• Flexibility of work pattern, including potential breaks