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Professional Services - Cost Controller & Contracts Management - Drilling  
Job Reference No. 1650
Employer Name Malaysian Recruitment Agency
Job Category Professional Services
Job Title Cost Controller & Contracts Management - Drilling
Advertised Date 2010-08-25
Expiry Date 2010-09-08
Region Asia
Country Malaysia
Location Kuala Lumpur
Job Engagement Type Permanent
Brief Company Introduction

Our client are one of the leading oil and gas operator in the world. They engages in all aspects of the petroleum industry, including Upstream operations and Downstream operations. They are currently expanding their operations in Malaysia and they are looking for the world's top Exploration & Production talent to join them.

Work Scope
  • Assist in the development and maintenance of the drilling budgets and forecasts and take responsibility for the cost reporting.
  • Produce the Forecast Report and review monthly with Budget Holders to agree the forecast and confirm variance commentary
  • Consolidate the Forecast information for the business area and feedback to the Management Accountant any changes to forecast
  • Highlight overall trend of costs; ensure full allocation of organisation and other pool costs.
  • Prepare, issue and monitor all AFE’s administration associated with the Operations Division.
  • Work closely with management in the evaluation of technical and commercial aspects of commitment proposals, giving appropriate advice on performance factors - e.g. comparisons with other projects, in order to assist management in the selection and award of contracts.
  • To monitor compliance of post tender award contractual obligations.
  • Update/highlight contract cost overruns.
  • Provide timely and accurate drilling contract and cost reporting.
  • Be pro-active in monitoring drilling cost and budget in all the execution contracts awarded.
  • Jointly participate with Contracts and Procurement team in monitoring contract cost.
Requirements
  • A minimum of 5 years experience preferably in the oil industry in a business and commercial or finance environment.
  • Good understanding of the technical operations of operating assets within the oil and gas industry.
  • Excellent analytical skills and a sound knowledge of financial analysis techniques and economic measures.
  • Experience of budget preparation, cost control, AFE administration and planning within a large organisation.
  • Knowledge of Accounting and Reporting standards.
  • Experience and good understanding of O&G industry contracting issues.
  • Computer literate with experience of various applications (primarily SAP, Excel and Powerpoint).
Qualifications
  • Degree in Finance/Accountancy/Banking or equivalent
 
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