Drilling Cost Accountant

Company: Oil Patch Logistics

Skills: Drilling Cost Conroller / Accountant
Experience: 10 + Years
Education: Tertiary qualified
Employment Type: Contractor
Location: London
Rotation: N/A, some travel may be required.
Start: March 2021
Rate: negotiable - contract

Oil Patch Logistics offers an outsourced logistics, HSES, and supply chain management department to its clients, providing cost-effective services that are fully integrated with our client's business processes and company objectives. We have an extensive portfolio of clients spread across Africa, South America, and Asia; supporting both onshore and offshore (mostly deepwater) assets.

Position Summary:

The role involves cost control and accounting responsibility for our clients drilling operations.

• Forecasting and Project Control
• Provide custodianship of the drilling forecast model. This includes working closely with the drilling team to deliver accurate daily updates to the forecast during drilling.
• During drilling prepare and distribute weekly financial drilling reports.
• Work with the procurement team to ensure the capture of purchase and service orders into the forecast model.
• Review all drilling and seismic invoices for conformity to contract, duplicate invoices, cost recoverability and tax compliance.
• Budget and AFE Co-ordinator for Drill & Seismic Operations
• Providing support to the Director (drilling) in preparing annual budgets and forecasts.
• Preparing the formal drilling estimates in standardised AFE templates.
• Month-end Duties
• Participate in the month end process by preparing and posting accruals, movements in inventory and adjustments to drilling cost centres.
• Assistance in maintaining the inventory record within the accounting system. Ensure inventory transfers are properly invoiced between entities and settled.
• Provide asset accountants with monthly reconciliations of drilling related ledger balances.
• Non Operator and Government (Cost Recovery) Audits
• Prepare drilling well reconciliation files with particular emphasis on materials consumption in a manner that gives non operators comfort on billings and provides the required justification for Cost Recovery.
• Work with the Joint Venture accountant to assist in all aspects of non operator audits.
• Ensure all supporting documents (e.g. level consumption records, supplier documents, etc.) are available and filed with the well reconciliations in preparation for future audits.
• General Management Accounting
• Assist the finance team with ad-hoc project accounting work across OPLs clients portfolio.