Completions Engineer

Title: Completions Engineer (WORD version )

Industry: Petroleum

Function: Engineering

Value-Added Results/Weights Performance Standards How to Track

Procedures for completions and work overs (60%) • 90%—100% mechanical success.
• At least 4—6 completions.

• No more than 1—2 work overs.

• Procedure done at least 3—5 days before rig arrives.
• Supervisor tracks.

Cost estimates (20%) • At least 10—15 estimates.
• Actual vs estimated within 5% of AFE.

• Estimates done by agreed-upon deadline.
• Supervisor tracks.

Completed well review (5%) • Cost comparisons turned in within 10 days of completion.
• Supervisor is satisfied that well review is complete.
• Supervisor tracks.

Completion/work over alternatives (5%) • Management agrees to implement at least 1—2 new ideas. • Supervisor tracks.

Daily reports (5%) • Field cost is 25% of actual.
• Reports updated daily by 7:00am.

• Management says they are updated with accurate activities.
• Supervisor tracks.

Invoice tracking (5%) • Invoice equals bid with no overpayment.
• 70%—80% trouble cost recovered.

• Invoices cleared within 20—30 days.
• Accounting tracks.

Value-Added Results/Weights	Performance Standards	How to Track
Procedures for completions and work overs (60%)	• 90%—100% mechanical success. • At least 4—6 completions. • No more than 1—2 work overs. • Procedure done at least 3—5 days before rig arrives.	• Supervisor tracks.
Cost estimates (20%)	• At least 10—15 estimates. • Actual vs estimated within 5% of AFE. • Estimates done by agreed-upon deadline.	• Supervisor tracks.
Completed well review (5%)	• Cost comparisons turned in within 10 days of completion. • Supervisor is satisfied that well review is complete.	• Supervisor tracks.
Completion/work over alternatives (5%)	• Management agrees to implement at least 1—2 new ideas.	• Supervisor tracks.
Daily reports (5%)	• Field cost is 25% of actual. • Reports updated daily by 7:00am. • Management says they are updated with accurate activities.	• Supervisor tracks.
Invoice tracking (5%)	• Invoice equals bid with no overpayment. • 70%—80% trouble cost recovered. • Invoices cleared within 20—30 days.	• Accounting tracks.