Cost Engineer (Drilling & Completions)

Company: Strategic Resources European Recruitment Consultants Ltd
Skills: Cost Engineer
Education: Bachelors/3-5 yr Degree
Employment Type: Full Time Contractor
Location: Aberdeen, United Kingdom

In order to apply for this position, applicants MUST meet the following criteria. If your resume does not match these criteria, you will not be able to apply for this position.

Located in region: Europe

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.

The Role:

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

partners.

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

management.

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.

Qualifications/Experience Required

Prior experience in Drilling & Completions cost engineering and/or accounting is

essential

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.