Engineer, Cost Estimation

Job

Engineer, Cost Estimation

Abu Dhabi, UAE

Education : Bachelor's Degree in Petroleum Engineering, Geology or other Engineering discipline

Nationality : Any Nationality

Experience : 11 - 15 years

Industry Type : OIL & GAS

Functional Area: Engineering

Date Posted : 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.