Cost Engineer (Drilling & Completions)Strategic Resources European Recruitment Consultants Ltd Featured Employer
Aberdeen, United Kingdom
COST ENGINEER (DRILLING & COMPLETIONS)
The Cost Engineer (Drilling & Completions) holds responsibility for all cost control activities
related to projects in the D&C domain, including Workover & Interventions (W&I) scopes.
Given the substantial capital expenditure and active interventions program, this position plays
a crucial role in ensuring effective cost management throughout the organisation.
Primary duties of this role encompass cost estimation for D&C projects at various stages of
development, monitoring ongoing operations' expenses, conducting well reconciliations, and
performing month-end postings.
The Cost Engineer is a member of the cost engineering team, which handles projects in D&C
as well as Engineering & Construction (E&C), operating within the broader finance function.
Reporting to the cost engineering team lead, key stakeholders for this position include D&C
and E&C departments, Offshore Assets, the Contracts team, other internal finance teams, and
external entities such as suppliers and Joint Venture auditors.
In this role specializing in Drilling & Completions projects, you will be accountable for an operational drilling rig, asset-specific W&I scopes, planning for future activities, and the closure of completed tasks.
The ongoing work scopes include platform infills, subsea infills, Workover & Interventions (W&I), and Plug & Abandonment (P&A). Assignments of rigs and assets will be agreed upon with the team lead, requiring flexibility to accommodate a demanding schedule.
Actively contribute to cost estimation for all upcoming drilling operations, providing support throughout each project's progression through the client stage gate process.
Conduct thorough daily cost tracking for ongoing operations, maintaining cost data in wellview and delivering weekly status updates to management and joint venture
Identify uncertainties in scope to determine growth and contingency allowances, as well as identify risks and opportunities as the project develops.
Perform well reconciliations after well execution and prior to joint venture audits.
Prepare monthly reports on the value of work done and provide estimates for the remainder of the year/project.
Contribute to the annual work program and budget process for assigned work scopes.
Present regular cost performance updates for D&C projects to project and asset
Collaborate with key stakeholders to ensure the delivery of comprehensive cost reporting that supports business decision-making.
Foster a continuous improvement mindset to enhance efficiency, effectiveness of
processes, and provide value-added reporting.
Prior experience in Drilling & Completions cost engineering and/or accounting is
Additionally, you may hold a Bachelor's level degree and will either hold an accounting
qualification (ACA, ACCA, CIMA, or similar) or be qualified by equivalent experience
You will have significant relevant industry experience with a comprehensive understanding of the North Sea upstream oil and gas industry, combined with extensive knowledge of drilling operations.
You will be proficient in accounting, particularly in applying SOAPs (Statement of
Approved Practice) to an Operator
You will have prior experience with SAP systems and be able to will demonstrate your ability to leverage technology for efficient and effective operations.
You will have exceptional planning abilities to enable you to thrive under time, budget, and resource constraints, effortlessly managing competing work priorities and
consistently delivering high-quality work within varying timeframes.