Wells Cost Analyst

Job Description and Responsibilities

Job title- Wells Cost Analyst

Reports to Pune Engineering Discipline Manager

Indirectly reports to Regions Snr Manager / Unit Lead

Does the person manage a team? (Specify Direct Reports) No

Hiring Manager

Home Entity P&O Wells – British Petroleum(DigiTaiken Customer) Pune

Location Pune, India

The purpose of the role is to assist the Wells Team to deliver simple, concise and systematic cost information (actuals, & forecasts) and also to act as a focal point for co-ordination, creation and management of Purchase Orders (PO)s for Wells in support of delivering the mission of safe, efficient and competitive wells.

The Cost Analyst plays a key role in supporting Wells Enabler cost and procurement processes, helping the Wells team to improve performance management of gross costs for wells services, labour & overheads and rigs as well as central allocations. The role interfaces with finance and performance/planning team, procurement to ensure accurate and quality inputs into business planning tools.

The role also includes providing insights of cost variances, refresh of cost models/cost books and monitoring for cost inefficiencies as well as PO monitoring

What you will deliver Cost Estimating/Planning

• Assist the Engineers in developing gross cost estimates for FMs/AFEs and forecasting purposes. Use of DCE (Drilling cost estimation) and use of cost accounting elements
• Provide gross Well cost estimates as per schedule.
• Provide analytics to benchmark cost and time estimates / model against internal and external data. Provide engineers with cost data to be submitted into Rushmore
• Support Engineers in monitoring and maintaining gross wells cost model with internal and external data
• Refresh of AFE cost models (Cost books)

Cost Tracking/Monitoring/Reporting

• Maintain Wells cost tracking against cost model
• Perform monthly Value of Work Done (VoWD), actual vs forecast with engineers and BRO to inform variances, accruals.
• Consolidate gross value of work done (VoWD)/work in place (WIP) estimate per Well and submit to Finance to accrue
• Conduct detailed gross AFE cost tracking, analysis and routine reviews with teams
• Provide analytics and insight to ensure on-track performance, or help inform cost management decisions
• Collaborate with Finance in preparation and presentation of QPF and variance commentary and analysis
• Run SAP regular minimum monthly report & monitor indirect /allocations vs plan/forecast.
• Liaise with material management and engineers on accuracy of FIORI demand and actual materials usage for each well.

Purchase Order (PO) initiation and management

• Raise Service/Limit Shopping Carts (SC) in Supplier Relationship Management (SRM) Backbone
• Expedite PO Output to supplier
• PO management – uplift requests
• Help resolve/troubleshoot output medium queries
• Adhoc/sourced demand (off contract) - ensure appropriate procurement input prior to raising any requests (T's & C's implications)
• Run PO report to inform accruals and PO close out to minimize value leakage
• Track SC and PO through lifecycle being SPA for Wells team
• PO Closure Management – after campaign closure, coordinate will all vendors with PO's raised against campaign. Provide deadline dates for invoice submissions, aligned with contract demands (90 days from campaign completion). Manually go through all open PO's after deadline, issue reduction/closure requests, carry accruals forward for later invoicing when valid (e.g. post well Biostrat, post well repairs, contractor's 3rd party costs ..etc).
• Liaise with supplier to inform PO closure report and VOWD

Wells Logistics management Software (Kabal)

• Cost Module – SPA – Cost Module training, focal point for any queries regarding estimates
• Contract Database – ensure database within Kabal contract section, holding all relevant wells SRM Contracts, UNSPSC's & GL's linked to contracts, are kept up to date
• PO Management – Link estimates to PO management repository, update with PO numbers once known. Pull through uplift values to PO management, with relevant notes for audit trail purchases
• Adhoc Cost Estimate Entry – generate cost estimates in Kabal, based on backup quotes, for all low volume vendors

Other

• Coordinate time writing in alignment with local process and check alignment against budget & QPF
• Run work over report forecast vs actual and check variances as well as budget provision adequacy
• Support well cost reconciliation, variance analysis, and well cost review for partners and JV audits
• Provide support for cost recovery processes run by Finance
• Manage and maintain the Wells Shopping Cart (SC) Template
• Coordinate workflow changes – Raise SNOW tickets
• Coordinate Vendor SPU Extension requests – Fiori – liaise with procurement to get CDD complete prior to Extension request
• Run intelligence plus Backbone reports on request

What you will need to be successful

Preferred education/certifications:

• Engineering or technical degree

Minimum years of relevant experience:

• Previous experience (preference > 3years) in the area of wells activities.

Total years of experience:

• 5+ years relevant industry experience

Must have experiences/skills (To be hired with):

• Experience with onshore, offshore projects and / or refining projects
• Familiar with the terminology in the wells organization in order to understand the overall business.
• Financial acumen, ability to assure financial outputs, understands and is able to describe underlying costs, activities and charges with central and regional operations and engineering team.
• Experience of cost tracking and monitoring, supporting cost estimating, and preparing Value of Work Done (VOWD).

Good to have experiences/skills (Can be trained for – learning/on-the-job):

• Understanding of bcustomer's financial structure and processes, including DPP, ARC, cost forecasting & tracking, FM's, AFEs, BRO structures, time writing, central/regional cost relationships, and proficiently uses tools such as SAP.
• Familiarisation of Wells Logistics management Software (Kabal)
• Working in a multi-project environment and managing several work-fronts consecutively.
• Experience in Purchase Order creation and management
• Solid understanding of scheduling, estimating, and benchmarking
• Excellent inter-personal skills and behaviours.
• Excellent influencing and communication skills.
• Ability to work under own initiative or as part of a team.
• Respectful of a multicultural working environment.
• Competent with computers and IT including experience of using standard software (e.g. MS Outlook, MS Teams, MS Word, MS Excel and MS Powerpoint, Power BI an advantage).

You will work with

• Planning & performance and procurement community (central team & regions)
• Region's engineering and operations teams
• Region suppliers
• Region's finance teams
• Region logistics and material management team
• FBT Pune

Grade J

Shift support 11:30AM-8:30PM or 2:00PM-11:00PM

% travel requirements 10%

Job Type: Contractual / Temporary

Contract length: 12 months

Pay: ₹1,800, ₹2,200,000.00 per month

Application Question(s):

• Do you have experience in rig based drilling activity and well logistics management?

Experience:

• cost optimization: 5 years (Required)
• purchase order creation: 5 years (Required)
• Cost estimation: 5 years (Required)
• logistics management software: 3 years (Required)

Work Location: In person