Drilling Cost Accountant

Skills: Drilling Cost Conroller / AccountantExperience: 10 + YearsEducation: Tertiary qualifiedEmployment Type: ContractorLocation: LondonRotation: N/A, some travel may be required.Start: March 2021Rate: negotiable - contractOil 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.
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