PAUL JOHNSTON - CV

Date Of Birth : 14th June 1968 (Age 47)

ADDRESS : Apt 3904, ‘Burj Gate’, Downtown Dubai Area,

Burj Downtown, Dubai, U.A.E.

Contact Details : +971 56 345 1075 (U.A.E. Mobile) +44 7789 931368 (U.K. Mobile)

E-mail Address : pj1406@hotmail.co.uk Skype : paulski1406

SUMMARY

A Drilling & Completions Cost Control specialist who has dedicated over 15 years of his career to date specialising in Drilling and Completions Cost Control roles of various types both in the UK sector of the North Sea and overseas.

A highly motivated, enthusiastic and committed professional with over 21 years working in the Oil & Gas industry in a variety of roles, UK based and overseas for a number of top quartile Oil & Gas Operators.

Good technical knowledge of Drilling & Completions operations, both offshore and onshore. Strong analytical skills. Excellent communication skills. Adaptable and solution oriented.

Experience of other Cost Control / Accounting areas such as EPC Cost Control, Joint Venture Operations Accounting, Logistics Accounting, Accounts Payable, Inventory Accounting, Auditing.

Strong team player with supervisory experience. Able to consistently deliver a high standard of work to meet challenging deadlines. Able to operate effectively in challenging multicultural environments.

KEY ACHIEVEMENTS

Received a ‘Spot’recognition award from the BP Harding Drilling Team for completing a Harding Wells Inventory Reconciliation exercise which identified substantial quantities of ‘fit for purpose’ equipment which was subsequently used on Harding wells in preference to purchasing new equipment and represented a Capex saving to the BP Harding Business Unit of £1.2Million..

Wells Cost Lead on the first ever X-Border Well drilled in the Dutch sector of the North Sea. Played a key role as Cost Lead in establishing proper and robust cost control on a major Chevron EPC Capex

Project and successfully convinced Chevron PRC + Partners to approve the funding to commence Phase 4 (construction) on the project. The project was close to being scrapped when I arrived in Kazakhstan Jan-08.

Trained a Cost Team of six Republic Of Kazakhstan nationals with minimal cost control experience over a two year period to a level of competence such that my Cost Team were able to replace me on the Project by the end of 2010. The project became the first Chevron major capital project in Kazakhstan to have a 100% Kazakhstan Cost Team with no Ex-pat presence.

Member of a ‘Test’ / System development team for the IPS Electronic Invoicing System which was successfully implemented by Amerada Hess in 1993 and significantly improved the company’s invoice payment statistics

Designed a template for an Accenture Contract Compliance Department Website to increase awareness of the services that the department could provide to both existing and potential Accenture clients in the market. Presented the website to Accenture management to very positive feedback.

CAREER HISTORY

Lead Wells Cost Engineer (Residential Dubai) – Shell (Majnoon Oilfield – Iraq) : August 2014 To Present

Responsible for preparation of Shell Wells annual Work Program & Budget. Creation of SAP WBS’s & Newtorks to ensure all WP&B well costs are booked to the correct cost centres / GL

accounts. Creation of SAP Dassian cost model Baseline for Drilling & Well Services campaigns. Cost estimating for different types of wells to be included in future well cmpaigns (ie Exploration & Appraisal,

HPHT, Production & Development, Sidetracks, Water Disposal Wells). Preparation of annual wells timewriting estimate and budget. Update of Drilling schedule (Short Term and Long Term Drilling Sequences) on a monthly basis. Preparation of Capex well AFE’s to ensure approval to drill 30 days prior to spud date. Design and implementation of daily wells cost tracking tool to ensure accurate and timely well cost data is

provided to wells team management on a weekly basis. Design and implement a Well Services cost tracking tool to accurately track and report ongoing well services

operations based on a level 4 P6 schedule on an annual basis. Carry out rigorous analysis of all historical Majnoon Well Services expenditure to provide Well Services team with

accurate job cost data to assist in estimating future work programs.

Detailed knowledge of SAP system in order to analyse ‘Actual’ costs and provide management with detailed cost reporting including ‘Actual’ V’s ‘Plan’, Value of Work Done (VoWD), AFE V’s Estimated Final Cost (EFC) and full year forecast V’s budget including variance analysis.

Provide full visibility on Shell historical Majnoon well costs for FCP & ASP-1 well campaigns (23 wells) and benchmark these wells against other Middle East operators.

Ensure all historical Majnoon well costs are fully reconciled and close relevant well WBS’s / Networks in SAP. Provide monthly cost reporting for all well related expenditure (Drilling, Workovers & Well Services) to Shell

management and external stakeholders (Sothern Iraq Oil Company / Petronas). Generate accurate Value of Work Done (VoWD) for all well related expenditure on a monthly basis and prepare &

submit monthly accruals to Finance department. Ongoing analysis of all SAP Service Entries (SE’s) / invoices to enure compliance against contracts. Liaise with vendors regarding any disputed invoices and resolve disputes in a timely manner to ensure payments

are made according to contractual terms and conditions. Closely monitor and report expenditure against SAP PO’s and master contract values to ensure all expenditure is

within PO / Contract values to ensure 100% cost recovery. Assist in commercial tender evaluations – ie comparison of rates, terms and conditions for submitted bids. Generate Anticipated Contract Values for future Drilling / Well Services campaigns using historical cost data,

existing contract rates, market prices and internal Shell Drilling / Well Services schedules or workpacks. Carry out detailed ACV comparisons based on a variety of different contracting strategies (ie ‘Day Rate’, Lump

Sum Turnkey, Integrated Services, etvc). Compile and submit monthly / quarterly benchmarking performance cost data to ‘Rushmore’ reviews for Majnoon

wells using technical well reports, and SAP cost data. Prepare all wells cost data for submission to Shell Quarterly Wells Performance Dashboard. Attend quarterly

reviews as focal point point for all Majnoon well expenditure. Generate wells expenditure Latest Estimate (LE) against ‘Plan’ (Budget) on a quarterly basis and ensure the LE is

reflected in SAP / Dassian reporting structure. Respond to a wide variety of ah-hoc Drilling / Well Services cost queries and ensure accurate cost data is provided

in a timely manner. Demonstrate 100% commitment to Shells HSE policy.

Wells Cost Engineer (Rotational) – BP Rumaila Oilfield Operations – BP Iraq : April 2011 To May 2014

Responsible for preparation of annual wells expenditure budget in excess of $1Billion. Generating accurate well cost estimates and raising well AFE’s as and when required. Detailed daily cost tracking and reporting for 11 Workover Rigs & an extensive Rigless Well Services programme. Providing weekly / monthly / quarterly VoWD, Actuals, Forecasts including full variance analysis against budget. Tracking and reporting expenditure against multiple Well contracts to avoid contract overspends. Benchmarking well cost data for use in future annual budget preparation. Validating invoices against contracts to ensure invoiced costs are coded accurately to Well AFE’s & Ledger codes. Ensuring all tangible equipment used is expensed accurately to the correct well and ledger cost code. Presenting month end / quarter end wells expenditure data to BP Finance management. Responding quickly and effectively to any ad-hoc queries or requests from Wells or Finance dept. Training and mentoring less experienced members of BP Rumaila Finance / Cost team. Demonstrating a strong commitment to BP ROO safety culture

Senior Drilling Accountant – Maersk Oil, Aberdeen : January To April 2011

Daily cost tracking and updating wells expenditure report from technical daily drilling reports. Monitoring of contracts and expenditure to identify and obtain activity and volume based credits. Timely completion of Well Reconciliations between ledger and technical drilling reports. Assist & support Finance during partner audits of Wells expenditure. Preparation of wells VoWD and accruals data for Finance department. Provide logistics with a workbook that reflects the drilling activity for allocation purposes. Maintain a detailed cost analysis of actual expenditure for input and update to Wells budgeted costs.

Senior Project Cost Engineer / Supervisor (Rotational) – Chevron (TengizChevroil) : January 2008 – January 2011

Develop and implement robust cost control and reporting mechanisms for all project expenditure. Analyse costs against project AFE’s posted to ledger and confirm their validity. Track daily expenditure against AFE’s during engineering design, procurement and construction phases. Work closely with Project planning & scheduling to monitor progress and calculate associated expenditure. Calculate budgets for various phases of the project, including manpower and overheads costs. Work closely with engineers in design office and on site to ensure expenditure is captured and reported accurately. Produce cost reports on a weekly, monthly, quarterly basis to report accurately all project costs.

To supervise 4-6 local RoK cost analysts including checking of work, coaching, mentoring, objective setting and measuring performance against agreed goals.

Ensure project management have full visibility on all project expenditure.

C.T.X. Wells Cost Controller – BP, Aberdeen : January 2007 – January 2008

Responsible for CTX system daily cost tracking and reporting for Galaxy 1 Rig & Clair Platform. Working closely with wells engineers and drilling materials coordinators to ensure all wells equipment & services

are captured in CTX cost tracking system. Ensuring all rental equipment is ‘On Hired’ / ‘Off Hired’ accurately in the CTX system. Providing cost to date and estimated final costs for all wells ongoing. Assisting in well reconciliations. Using CTX system to generate purchase order in BP Maximo system. Providing Drilling managers with timely and accurate well cost data. Answering any ad-hoc well cost queries from BP Wells Team.

Senior Wells Cost Controller – Shell EPE Aberdeen : November 2005 To January 2007

Assist Wells Life Cycle Engineer in the generation of Drilling Cost Estimate in SAP system. Develop and implement a cost tracker (Excel) to track expenditure on X-Border wells. Use SAP ‘Super-User’ knowledge and expertise to interrogate well cost data in SAP to confirm validity. Ensuring all well AFE’s are set up in the SAP network using the correct SAP network format. Utilise wells cost tracker in conjunction with SAP to ensure well expenditure is reported accurately. Interrogate ‘I-Wells’ to ensure that the wells cost tracker is kept as up to date as possible. Ensure all well reconciliations are completed in a timely manner. Participate in monthly expenditure meetings and provide management with forecast v’s AFE updates. Flag potential AFE overspends and ensure AFE supplements are raised if required.

Operations / Drilling Accountant – PEAK Group (Peak Well Management) : May To November 2005

Detailed Well Cost Tracking (Daily). Providing clients with weekly cumulative well costs. Comparing actual well costs against expected well costs and providing variance analysis when required. Invoice contract compliance, checking on/off-hire dates to tracker and equipment rental registers. Providing clients with estimated final well costs 30 days following completion of each well. Raising sales invoices (Billings) to clients for well costs every 2 weeks. Implementing procedures and best practices for Operations Accounting Team. Assisting with Sun Financial System testing.

North Sea Platform Drilling Accountant – CNR International UK Ltd : September 2003 To May 2005

Drilling Cost Estimate preparation / AFE preparation. Tracking well costs on a daily basis. Cost management, tracking and reporting for SIMOPS (Simultaneous operations – Drilling / Well Services /

Platform Upgrades) on CNR North Sea Platforms. Reconciling invoices to well cost trackers. AFE tracking, identifying over-runs and advising management of requirement to raise supplementary AFE’s if

needed. Calculating value of work done and accruals for month end. Re-calculating all month end numbers from Gross GBP to Net Canadian$ Updating full year forecast for drilling and presenting to management on a monthly basis. Performed detailed well reconciliations to the required industry standards. Active participation in ongoing review of Drilling Accounting Processes to identify & implement ‘Best Practices’.

Summary Of Positions Held From November 1990 To September 2003

Contracts Compliance Auditor – BP Wells Team – Accenture : October 2002 To September 2003 Drilling Accountant – BP (Harding Platform) : October 2000 To October 2002 Drilling Accountant – BP (ETAP Field) : August 1998 To October 2000 Junior Logistics Accountant – Amerada Hess Ltd : January 1997 To August 1998 Joint Venture Operations Accounting Assistant – Amerada Hess Ltd : January 1995 To January 1997 Drilling Accounting Assistant (Scott Platform) – Amerada Hess Ltd : December 1992 To January 1995 Accounts / Payroll / Logistics Assistant – Viking Supply Ships UK Ltd : November 1990 To December 1992

FORMAL QUALIFICATIONS

SCOTVEC Advanced Higher National Diploma in Business Studies, (1989 – 1991). SCOTVEC Higher National Certificate in Computing, (1988 – 1989).

TRAINING COURSES AND IT COMPETENCY

TRAINING IT COMPETENCY Basic Drilling & Well Technology – 3 Day

Training Course MS Office, Excel and PowerPoint

Accountancy in the Oil & Gas Industry – 4 Day Training Course.

SAP (various versions), SUN Maximo, JD Edwards, Business Warehouse, Ariba, Kildrummy Cost Manager, Dassian, Everest / Outlooksoft, Oracle Financials, Data Warehouse, CTX, Business Objects, Filenet.

Kildrummy Cost Manager – 2 Day Training Course Drilling Software : DIMS, Well Atlas, Peloton WELLVIEW, CTX, WellPro.

STOP / BBS / IIF Safety Training

PROFESSIONAL / PERSONAL REFERENCES

Available On Request

PERSONAL INFORMATION

Leisure : Sports – Squash, tennis, badminton, skiing, snowboarding, power-rising, golf. Other – Music, playing bass guitar, movies, watching football (Aberdeen & Arsenal supporter), learning to ride a motorcycle, travelling, spending time with family.

Health : Good / Non-smoker.

Driving : Clean driving licence, BP Defensive Driving programme.

========================================================================================