Country

  • Nigeria
  • City

  • Lagos
  • Industry

  • Oil & Gas
  • Job Type

  • Onsite
  • Posting date

  • April 23, 2024
  • Job application is closed.

Contact

Olusegun Davidson

  • Contract
  • Nigeria
  • Competitive NGN / Year
  • Applications have closed

Website WTS Energy

Drilling Accountant

April 23, 2024

Job Description

Job Summary

Responsible for keeping accurate accounting records, including strict monitoring of drilling AFE costs and all other costs incurred during drilling activities, keeping adequate and up-to-date records of all drilling items, and reporting the same monthly, quarterly, and annually in an accurate manner.
 
Main Responsibilities

  • Dedicated Finance support to the Drilling and Completions Team
  • Serve as the interface between Finance and Drilling.
  • Attend inquiries on invoice status and well cost or escalating as appropriate.
  • Ensure that Well AFEs are fully approved before wells are spudded.
  • Provide adequate support to the JV team on monthly cash call requests, monthly returns, and reviews, budget, and performance defense meetings, all drilling-related AFE & Budget Certification and Confirmation tracking, and provide drilling projects spend and overhead report monthly or as may be required
  • Ensure that all relevant drilling costs are captured in appropriate AFEs, and expenditures are incurred and charged to accounts in line with the AFE.
  • Escalate to finance management and or asset managers areas of variances between AFE and expenditure.
  • Provide reports and support documents as required for all Internal and Statutory audits to ensure no audit exceptions are recorded. Required to provide all necessary documentation (POs, service tickets, EWCCs) as required, and explanations to non-technical queries freeing the engineers to focus on drilling operations.
  • Provide finance support to ensure 95% cost recovery on drilling activities from our JV partners, actively participating in all JV partner meetings, etc
  • Regular review of drilling general ledger for proper cost coding and eventual reclassifications.
  • Active Participation in the month-end accounting process activities as follows:
    1. Capex and Opex drilling general ledger review and reclassifications as may be required.
    2. Accruals booking, with a focus to ensure that as at year-end accounting, all drilling costs are captured accurately in the year of spend. 
    3. Drilling Capex Reports
    4. Purchase requisition verification
  • Participate actively in the budget build for all drilling campaigns by ensuring that all relevant drilling costs are provided for during the budget build.
  • Respond to all drilling cost queries.
  • Drilling Vendor relationship and finance interface

Educational Qualifications

  • A bachelor’s degree in accounting, finance, or any business management-related course;
  • Professional Qualifications – ACA, ACCA, CPA, etc;
  • 8+years of post-qualification experience/Master’s degree; and
  • 12+ years of oil and gas accounting experience

 
Location:  Lagos

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