Cost Engineer

Our client, an exploration and production company are currently recruiting for a Cost Engineer. Based in Aberdeen, the role will be on a 12 month contract and offers a hybrid working arrangement.

ROLE

The Wells Cost Controller Engineer provides cost control support to the Well Operations team.

RESPONSIBILITIES

• Implement and maintain a complete well cost accounting control procedure for the company Wells and Intervention department
• Support the Wells department AFE/high level budget procedures
• Create individual Well AFE estimates in conjunction with engineers
• Monthly overview and review of issues with Head of Wells
• Weekly overview and review of costs with Well Superintendents
• Stock and logistics management
• Ability to constructively challenge and guide the Wells team with regard to costs
• Ensure estimated final well cost is within +/- 5% of actual well cost
• Ensure that cost commitment and forecast expenditure is reported on a daily basis during drilling operations and ensuring that all information is accurately and correctly inputted
• Ensure that all AP issues are corrected in a timely manner
• Ensure that all vendor queries are corrected and challenge quotes
• Ensure key vendors provide regular cost reports
• Maintain a robust savings register
• Check and record correct allocations of shared or common costs
• Check vendor invoices are complete, contract compliant and coded correctly
• Work and manage external companies when activities are outsourced - ensuring they adhere to SE standards and guidelines

Investment tracking and review

• Well forecasts UK
• Working to all associated Cost Control procedures and processes
• AFE tracking and maintenance in SAP

Finance support to upstream functions

• Provide support to the Business Finance Planning and Reporting team
• Provide internal training to other teams
• JV audit process for wells
• Completion well reconciliations - ensuring that any variances are identified, investigated and resolved

REQUIREMENTS

• Ability to take the initiative and to work autonomously
• Strong technical accounting skills
• Analytical and systematic approach with an eye for detail
• Open and effective communicator
• Relevant degree within accounting or appropriate and verifiable experience within the role at a similar E&P company
• Upstream value chain experience