Finance Advisor Wells

  • Shell
Full time

Job Description

This position will provide Finance support to the Deepwater Wells business and is integral part of the rig/business teams. The Wells business delivers new Well Engineering projects as well as Well interventions/WRFM to create value from incremental production across our assets. This role will support effective performance management, contribution to cost estimating, contracting and management of risk and opportunity. This position will provide transparency and control at Wells project/rig level in execution stages of the Global Wells Delivery Process. Key interfaces include the Finance Operations project accountants and the rig team members.

  • Drive cost transparency, awareness and cost management in the rig teams in Wells Engineering and Completions & Well Interventions. Provide transparency on Well execution progress against promises for new Wells, WRFM and Well abandonment activities.
  • Ensure that Finance risks are integrated into the full value and risk discussion supporting the business decision making for the specific opportunity involved
  • Support the implementation of a robust Business Control Framework and related performance management framework for the specific opportunity involved
  • Work on various opportunities across multiple activities/assets and are not dedicated to a specific activity or asset. The work they perform will change over time and be prioritized based on value and risk, and professional development.
  • Will work with the business or functional lines as the voice of Finance on specific projects/transactions
  • Participate in regular Wells cost reviews in partnership with Finance Operations and the rig team and ensure credible Wells project financial plans and Latest Estimates with pro-active tracking of risks and opportunities. Provide early warning via the risks and opportunity statement in the quarterly QPA/LE process and act as custodian of offset funnel.
  • Review Wells cost performance and champion improvement opportunities in support of achieving Best-in-Class well performance
  • Support contract management by securing good understanding of contracts within the Rig team, with transparency on how the contractor earns money. Support the Contract Management processes and support value extraction from contracts.
  • Provide financial assurance on Wells cost estimates to the Deepwater Asset Finance teams, for use in all necessary processes (Business Plan, GIP, LE, AFE, partner communication, etc.)
  • Support Wells project AFE, revisions and associated partner approval.
  • Lead financial review of indirect wells costs assumptions (incl logistics, corporate) and drive consistency between all types of wells and all sizes of projects.
  • Maintain the Shell Group Control Framework awareness in the Wells business, and support and deploy updates. Custodian of Wells related Financial controls (SOX, assurance process). Act as Country Wells Ethics & Compliance focal point.
  • Participate in continuous improvement projects with focus on financial impact