DRILLING COST CONTROLLER at Deep Blue Energy Services Limited

ACTIVITIES

COST Accounting Structure

• Build up well cost control structure based on client standard.

BUDGET/COST ANALYSIS

• For each Budge tor PDC target, define with the drilling engineer the drilling planning& wells program leading to the drilling budget booklet
• Provide to Manager Budget and Cost Control, Budget Brochure for Partners and NAPIMS purpose
• Attend the different SUBCOMs for budget/performance defence/review with NAPIMS.
• Promptly provide to the Project Budget and Cost Control Manager the updated Closure Forecast, main highlights, trend, area of concerns and cost/variance analysis not later than 3days after Monthly Closure.
• Produce on a monthly basis Cost Report to the Package and to Project Budget and Cost Control Manager.
• Update the Drill ex EFCon a monthly basis and the LOP for main budget session.

ROUTINE COST ACTIVITES

• Support to drilling team for daily well cost follow-up.
• Prepare a cost book let with the drilling engineer (list of  contracts related to the drilling campaign, details of the daily fixed well cost, details of all contracts)
• Prepare AFE before start of drilling on a particular well. Prepare well cost input Well Location Report and End of Well Report for submission to DPR/NAPIMS.
• In the P2P (Purchase to Pay) process, check the destination(WBS) and budget availability of the PO/PRs.
• Organise regular cost review meetings with Budget Responsible to identify opportunities to improve budgetary control.
• Review and issue the monthly Rig activity report to aid effective cost allocations between different operations.
• Follow up stock reconciliation between quantities is sued towells and quantities actually consumed and the consequent stock reintegration.
• Ensure monthly accruals are generated in the cost objects (WBS,cost centers etc.)for Services/services already performed but yet to be invoiced using the UNISUP Scheduler/UNISUP Service Entry Sheets/Manual Accruals (following review with the operational managers to review the progress status of performed work). Also provide SKF for common cost allocation for monthly closures.
• Follow-up service contract related to Drilling Package
• Ensure proper commitments follow-up in UNISUP using the commitments report from the Business Warehouse to ensure that expenditures are in line with commitments and budgets
• Make sure all the Cost Control processes are compliant with SOX (ABS) procedures.
• Prepare monthly cash call for Drilling activities to enable call for funds from Partners.
• Regular interface with Nigerian subsidiary for the follow-up of Project invoices payment and UNISUP functionality for cost control functions. Manage the RFS process with in the package
• Respond to queries raised by auditors (internal,partnersetc),internal control, vendors etc.
• Ensure the DOA within the package is in place.

HSE

• To fully comply with office security, health and safety instructions.
• Agreement