Cost Engineer

  • Job Sector: Onshore
  • Location: United Arab Emirates
  • Job Type: Permanent
  • REF: VP141
  • Date Posted: 27 Aug 2018
Description of function

Our client is sourcing a Senior Cost Engineer to assist them in the Middle East. 

Job responsibilities
  • Monitor and report drilling expenditure daily to internal management and our Joint Venture (JV) Partners.
  • 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.
  • University degree with 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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