Cost control of DRILLING, OPEX & LOGISTICS activities

Synthesis

DRILLING cost controlMethod, then business case.
Main points: Cost accounting structure & Budget, Cost booklet, AFE, Daily well cost follow-up, monthly reconciliation for closure, monthly cost report, final well report.
Finance classification for wells operations.

OPEX cost Control
Method, then business case.
Main points: steps in a field live, OPEX Classification (vs ASC 932): Production / Transformation or transportation costs, with OPEX measurement; a mandatory structure: Routine, Non Routine, Structure and Other operating costs, attention & structuring points versus CR EXP 8, Budget & Opex costs follow up (Purchase To Pay, Closure, Estimated Final Cost, report)

LOGISTICS cost control
Method, then business case.
Main points: Classification of resources & main points / perimeter, Cost accounting structure, allocation

Language

Anglais

Audience type

Cost Controllers involved, to be involved in Drilling, OPEX, Logistics activities.

Planned duration

3 x 1 day

Support material

Booklet provided to the trainees.

Prerequisite

none

Objectives

To define the specifics of Drilling, OPEX. Logistics in each of the cost control processes; To identify the partners and their roles.

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