Job Id OEJ0000001672

Cost Engineer - Consultant

in United Arab Emirates

Posted on:   12th April 2018

Experience: 10 Years
Job Category: Commercial/ Financial/ Legal - Cost Control
Education Basic
Job Type Permanent

Other Details

Duties & Responsibilities:

  • Monitor and report drilling expenditure daily to internal management and our Joint Venture (JV) Partners with the goal of drilling the cost-effective wells.
  • Develop and produce cost reports for submission to the drilling team, JV Partners, and management and the corporate office to explain the drilling cost performance
  • Verifies invoices, which includes code, contract compliance, checking against commitment, budget levels
  • Initiate plans for the Improvement of company systems and procedures for cost control
  • Assist the drilling department with the preparation of Authorizations for Expenditure ("AFEs"), particularly as regards developing realistic cost estimates for activity line items within each AFE.
  • Operate and maintain detailed systems and written procedures for the control of CAPEX in excess of a certain amount per year that will satisfy the requirements of quality accreditation and periodic audits
  • Maintain historical drilling and completion cost/expenditure records and data against which trends may be measured and estimates developed
  • Provide any and all necessary support during routine audits of drilling costs by corporate auditors, partners, and statutory auditors.


Qualifications & Experience:

  • University degree in Engineering
  • Good understanding of drilling accounting with relevant experience.
  • Good understanding of drilling equipment and processes
  • Solid forecasting and arithmetic skills
  • Good understanding of stock, inventory control and management
  • Understanding JV accounting
  • Fluent in English language

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