Wells Cost Analyst

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

Location-Pune, India

About the role-

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

Purchase Order (PO) initiation and management

Wells Logistics management Software (Kabal)

Other

What you will need to be successful

Preferred education / certifications :

Minimum years of relevant experience :

3years) in the area of wells activities.

Total years of experience :

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

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

You will work with

Grade J

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

% travel requirements 10%

Skills Required

Cost Accounting, Financial Acumen, cost tracking, Sap, Cost Estimation