Job
Engineer, Cost Estimation
Abu Dhabi, UAE
: Bachelor's Degree in Petroleum Engineering, Geology or other Engineering discipline
: Any Nationality
: 11 - 15 years
: OIL & GAS
: Engineering
: 19 - Sep - 2021
Job Description
  • Prepare annual budget for Drilling activities including Cost of wells on rigs and other related activities.
  • Assist in Preparing budgetary analysis and write ups during the Business Plan exercise.
  • Prepares monthly cost analysis and statistics as required by Drilling Management.
  • Prepare budget and cost related analysis for workshops, SHs meeting and Task Force including PDISC, TCM, IAG, FINCO as required.
  • Set/Monitor Budget target to individual operation groups.
  • Prepare monthly variance analysis of actual expenditures versus budgets & AFE for Drilling operation and highlight planning issues.
  • Involve in Cost Reduction and Value Maximization task force, follow up on recommendation implementation.
  • Maintain and update cost control initiatives and systems and record savings on a monthly basis.
  • Involve in Budget reduction exercises and prepare budgets revisions as required.
  • Provides support on financial planning to Drilling Management.
  • Contributes as assigned on long range strategic planning and budgeting projects.
  • Maintain historical drilling, completion and workover cost/expenditure database for budgeting and expenditure trend analysis.
  • Responsible for ensuring all Company accounting and budgeting guidelines, procedures and documentation requirements are met for Drilling.
  • Prepare ad-hoc reports and presentations on cost as required by management.
  • Responsible for providing support on well AFE preparation with budgetary and Year to date expenditure information.
Desired Candidate Profile
  • Bachelor degree in petroleum Engineering, Geology or other engineering discipline
  • 10 years of experience in oil and gas industry preferable in lead reviews of business activity.

 

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