Hydrocarbon Accounting Manager at WTS Energy

JOB SUMMARY

Provide strategic oversight of all aspects of hydrocarbon production reconciliation, accounting, and allocation for the asset and all Third-Party Injectors (TPIs), ensuring continuous improvement in the monthly allocation factor to drive revenue growth as well as minimizing compliance risks by ensuring accurate and timely reporting to partners, regulators, and internal stakeholders

KEY RESPONSIBILITIES

• Develop and implement comprehensive strategies to optimize hydrocarbon accounting processes, enhance revenue generation, and mitigate risks.
• Provide strategic guidance to management on hydrocarbon-related matters, including regulatory compliance, contractual obligations, and operational efficiency.
• Lead and coordinate cross-functional teams to address operational challenges and ensure timely resolution of issues.
• Develop and mentor a high-performing team of hydrocarbon accounting professionals.
• Foster a culture of innovation and continuous improvement within the team.
• Provide expert advice and guidance on regulatory matters and proactively identify and mitigate potential risks associated with non-compliance.
• Oversee end-to-end oil and gas production reconciliation and account for the asset from the reservoir to shipment.
• Oversee the Hydrocarbon Accounting team and ensure that their activities are performed in line with the hydrocarbon accounting procedures (FAGAM, SOP, etc.)
• Continuously follow up with Operations and Operation Support on all activities such as Meter proving, Meter Recertification (Master & Duty meters), Autosampler recertification, Autosampler availability/ functionality, and sample analysis, as this could lead to production penalties and then eventual company revenue losses
• Carry out compliance monitoring and advisory on asset’s reconciliation and allocation activities.
• Continuously provide management with suggestions on how to improve allocation factors
• Oversee asset, pipeline Injectors and from LACT production Surveillance to identify sources of losses and advise management where necessary.
• Oversee evacuation Injectors production reconciliation, injections to the terminal, and allocation.
• Continuously review the stock certificate presented by partners and ensure accurate Stock (NET VOLUME) balance of crude oil in the terminal.
• Review the commercial/operating agreements (Crude Handling Agreements and Crude Transporting Agreements) between company and 3rd party injectors to ensure all company and regulatory requirements for production allocation are met
• Advise commercial team on compliance of the third-party injectors
• Advice and support Management, Commercial Department, Operations Support & Operations on issue resolution concerning Production & Allocation of Data/Compliance with external parties and regulators (NNPC, NUPRC, NMDPRA Third Party, etc.).
• Supervise and provide first-level validation of all corporate reports generations and ensures statutory reports are submitted and as when due to avoid penalty
• Oversee the reconciliation and anchor the monthly meeting with partners
• Supervise all Hydrocarbon Accounting Field engineers to monitor all 3rd party injectors custody transfer operations closely
• Support internal auditor on hydrocarbon accounting and production operation and operation support in audit activities
• Lead Company’s team in the monthly curtailment meeting, reconciliation, monthly allocation meeting, mass balance methodology, and other meetings as it arises
• Enforce HSE policies on team members
• Manage the third-party custody transfer injection point into pipeline in line with NUPRC regulation
• Focal point for all third-party LACT recertification and meter proving
• Serve as focal point for custody transfer/focalization and metering of the hydrocarbons to the terminal
• Provide additional technical support to the operation team on production optimization as may be required from time to time
• Supervise the support for the commercial team on the uptime
• Operational input to Operational standards, codes of practice, and procedures on custody transfer and regulation compliance.
• Supervise project support review data with a particular emphasis on providing advice to the operations team on custody transfer.
• Oversee the management/running of one or more of the asset’s LACT units as may be assigned from time to time.

QUALIFICATIONS & SKILL REQUIRED

• Advanced degree in Engineering, Finance, or a related field.
• Years of experience in the oil and gas industry, with a strong focus on hydrocarbon accounting and reconciliation.
• Over 15 years of Experience as a Hydrocarbon Accountant
• Proven track record of leading teams and delivering results in a complex and dynamic environment.
• Deep understanding of Nigerian regulatory frameworks and industry standards.
• Strong analytical and problem-solving skills.
• Excellent communication and interpersonal skills.
• Proficiency in relevant software applications.
• Strategic thinking and planning.
• Change management and adaptability.
• Project management skills.
• Negotiation and conflict resolution skills.
• Strong business acumen and financial analysis skills.