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Well Cost Control Consultant

Closing: May 24, 2024

This position has expired

Published: May 1, 2024 (28 days ago)

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Job Summary

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Requirements

  • Bachelor's Degree in Finance, Accounting, Engineering, or related field; Master's degree preferred.
  • 8 - 10 years proven experience in cost control, financial analysis, or project management within the oil and gas industry.
  • In-depth knowledge of well construction processes, drilling operations, and associated costs.
  • Proficiency in cost estimation techniques, budgeting tools, and financial modeling software.
  • Strong analytical skills with the ability to interpret complex data and identify key trends.
  • Excellent communication and interpersonal skills, with the ability to collaborate effectively across multidisciplinary teams.
  • Detail-oriented approach with a focus on accuracy and precision.
Responsibilities


Requirements

  • Bachelor's Degree in Finance, Accounting, Engineering, or related field; Master's degree preferred.
  • 8 - 10 years proven experience in cost control, financial analysis, or project management within the oil and gas industry.
  • In-depth knowledge of well construction processes, drilling operations, and associated costs.
  • Proficiency in cost estimation techniques, budgeting tools, and financial modeling software.
  • Strong analytical skills with the ability to interpret complex data and identify key trends.
  • Excellent communication and interpersonal skills, with the ability to collaborate effectively across multidisciplinary teams.
  • Detail-oriented approach with a focus on accuracy and precision.


  • Develop and maintain comprehensive cost control procedures for well operations, ensuring adherence to budgetary constraints and financial targets.
  • Perform cost analysis for drilling operations, including well construction, equipment rental, personnel expenses, and other related costs.
  • Collaborate with project managers, engineers, and procurement teams to accurately forecast costs and identify potential cost-saving opportunities.
  • Monitor expenditures throughout the project lifecycle, analyzing variances and implementing corrective actions as necessary.
  • Review contracts, invoices, and vendor agreements to verify accuracy and compliance with contractual terms.
  • Prepare regular reports and presentations on cost performance, providing insights and recommendations to management.
  • Conduct periodic audits to ensure compliance with company policies, industry regulations, and best practices.
  • Participate in project planning and risk assessment activities, contributing expertise in cost estimation and budget forecasting.
  • Stay updated on industry trends, market conditions, and emerging technologies to enhance cost control strategies and improve efficiency.

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