Job Purpose:

Managing the end-to-end accounting, reconciliation, and financial valuation of all produced and exported hydrocarbon volumes. This role ensures zero variance between physical crude oil movements (from wellhead to export terminal) and financial ledger records.

Key Responsibilities

• Reconcile daily production data from wellheads, flow stations, and storage tanks.
• Allocate gross production volumes to specific wells and joint-venture partners.
• Track inventory including line-fill, terminal stocks, and in-transit volumes.
• Audit custody transfer tickets, meter readings, and tank gauging reports.
• Verify shipping documentation including Bills of Lading and cargo manifests.
• Reconcile final outturn volumes at the discharge port against loading figures.
• Calculate closing stock value monthly using FIFO or weighted-average methods.
• Post monthly journal entries for inventory, cost of goods sold, and lifting variances.
• Analyze volumetric losses, shrinkage, and flashing to account for variances.
• Compute monthly royalty payments and production taxes for government bodies.
• Prepare joint-interest billing statements regarding lifting entitlements.

Qualifications

• Degree and CPA/ACCA qualification.
• 3-5 years of production/stock accounting experience preferably in upstream oil and gas.
• Proficiency in hydrocarbon accounting software (e.g., Energy Components) and advanced Excel.

• Reconcile daily production data from wellheads, flow stations, and storage tanks.
• Allocate gross production volumes to specific wells and joint-venture partners.
• Track inventory including line-fill, terminal stocks, and in-transit volumes.
• Audit custody transfer tickets, meter readings, and tank gauging reports.
• Verify shipping documentation including Bills of Lading and cargo manifests.
• Reconcile final outturn volumes at the discharge port against loading figures.
• Calculate closing stock value monthly using FIFO or weighted-average methods.
• Post monthly journal entries for inventory, cost of goods sold, and lifting variances.
• Analyze volumetric losses, shrinkage, and flashing to account for variances.
• Compute monthly royalty payments and production taxes for government bodies.
• Prepare joint-interest billing statements regarding lifting entitlements.

• Proficiency in hydrocarbon accounting software (e.g., Energy Components)
• Advanced Excel skills

• Degree and CPA/ACCA qualification
• 3-5 years of production/stock accounting experience preferably in upstream oil and gas