Cost Engineer

Oil & Gas Cost Controller

In compliance with Finance & Cost Control methods, processes, and deadlines:

• Prepare and issue detailed budgets.
• Responsible for cost control, cost reporting, and invoice processing activities for the EPC package.
• Supply MP Lead Cost Controller with cost and budget updates for internal and external reporting.
• Perform quantitative Cost Risk Analysis for the project(s).
• Develop and maintain the Master Control Estimate/Current Control Estimates (MCE/CCE).
• Perform all other cost control activities related to the perimeter (CPP).
• Develop and maintain a database for the Technical Assistance and Services Contracts follow-up.

Ruya Batch 1 Project involves several EPCIC Contractors executing in parallel over a period of 6 years.

• EPCI 9 (SURF): Installation of pipelines (41 pipelines, 250 km of varying sizes from 6" to 22") and 9 cables for power and control.
• EPCIC 11 (WHP): 9 Well Head Platforms including piles, jackets, and topsides, with water depths between 60m and 70m.
• EPCIC 12 (RP): Riser Platform Topside + Jacket + Piles/Grout with interconnecting bridge to existing facilities, including seawater treatment facilities.
• EPCIC 13 (CPP): Central Process Platform, Living Quarters (200 pax), Flare tripod, and interconnecting bridges to link with existing facilities, fitted with production and utility facilities.

The project is a mix of Greenfield and Brownfield development, with significant challenges in integrating new platforms into existing facilities.

• Safety & Compliance:
• Promote and comply with applicable safety instructions and company HSE procedures.
• Carry out work in line with company values, policies, legal regulations, priorities, objectives, and industry practices.
• Treat all obtained information with confidentiality.
• Budgeting:
• Prepare dedicated yearly and LOP forecasts for the package.
• Prepare the annual budget and updates in coordination with internal teams and discipline leads.
• Defend and present the budget performance as required.
• Monitor budget availability for each commitment.
• Justify variances between forecasts and budgets.
• Maintain a register for managing commitments, expenditures, and forecasts for all contracts and purchase orders.
• Provide input to the PALM (SAP) system for commitments, payment schedules, invoicing, and cost control matters.
• Coordinate with the Finance department to ensure fair allocation of common costs.
• Closure:
• Prepare monthly closure and ensure that accruals in PALM system are in line with project progress.
• Prepare necessary compliance documents for accruals.
• Cost Reporting:
• Issue detailed monthly cost reports (trends, concerns, budget variance analysis, forecasts, etc.) and advise project management on cost over-runs.
• Maintain auditable records for project expenditures, contracts, budgets, forecasts, etc.
• Supervise contractor and supplier cost control activities.
• Provide monthly cash forecasts for the project.
• Invoicing:
• Implement efficient invoicing processes and ensure timely payments.
• Check and monitor invoices with the accounting team to enable timely payments.
• Organization & Procedures:
• Develop and communicate procedures for efficient budget and cost control operations.
• Advise contractors on commercial requirements such as invoicing and cost reporting.
• Anticipate additional cost control support requirements during project execution.
• General Responsibilities:
• Promote cost consciousness within the entity.
• Ensure confidentiality in handling sensitive data.
• Liaise with internal and external auditors for cost justification.
• Prepare cost recovery documentation.
• Engage with the Finance department for all cost and accounting matters (commitments, invoicing, payments, etc.).
• Oversee commercial close-out of contracts and archive financial documentation.
• Carry out any other duties assigned by superiors.

Requirements:

• Degree in Economics or a related field.
• Minimum 10 years' experience in cost control activities for Oil & Gas projects.
• Advanced knowledge of computer systems (SAP, Excel, Word, PowerPoint, Power BI).
• Fluency in English.
• Experience with EPC contract mechanisms.
• Willingness to travel for technical missions globally.
• Strong communication skills.
• Ability to work in a complex, multicultural environment.
• Strong analytical skills.

Submission Deadline: Please submit CV's on or before 26th February 2025