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  • Job reference: RMS0179022

Cost Engineer

  • Sector: Oil & Gas
  • Location: Houston, Texas
  • Job type: Contract
  • Date posted: 27/04/2017
  • Duration: 4 months
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The Role:
Summary: Responsible for establishing D & C budgets and controlling / forecasting D & C costs

Reporting To: Snr Cost Engineer

Interfacing: D & C Project Manager & Engineers


Establish and maintain work breakdown structure (WBS) and associated coding to control, forecast and report D & C costs; ensure that structure is compatible with project requirements and Hess standards

In conjunction with the D & C team, establish the baseline budget based on the approved project estimate; generate basis of estimate documentation and obtain management approval

Create a master cost book from P.O.'s, contracts etc which can be used for generating well estimates.

Establish baseline monthly VOWD estimate based on project schedule and daily rig reports

Establish schedule for generating D & C AFE's based on the project schedule; coordinate assembly, review and approval of AFE's including presentation documentation

Establish project specific procedures for tracking and forecasting D & C costs including change control

Interface with:

* Finance; input to reporting and forecasting
* Supply Chain; contracts / PO's, invoice coding, SAP processing
* Functional D & C; estimating and benchmarking

During drilling operations, participate in daily rig calls and provide timely notification of potential over/under runs

Generate monthly cost reports and VOWD forecasts with supporting assumptions and documentation; provide updated forecasts for future months and for overall AFE's.

Conduct monthly cost and change reviews with D & C teams and issue reports with variance analysis; provide approved information to Senior Cost Engineer for production of overall monthly cost reports

Produce ad-hoc reports and presentations on cost and change data that may be required by the D & C and Project Teams

Prepare and maintain log for contractor and vendor invoices and ensure that these are properly cost coded and checked prior to approval by the responsible party

- Review and audit contractors cost management procedures and reports

- Provide input to Project and D & C closeout report

Experience / Education:

- Minimum 10 yrs project control experience

- Embedded in an Operators D&C Team during the execution of at least one offshore D&C campaign

- Bachelor's Degree in Business, Engineering or a Project Controls related subject

- Fully proficient in MSWord, Excel and PowerPoint

- Working knowledge of SAP and Finance systems

About Fircroft:
Fircroft has been placing people in specialist technical industries for approaching half a century, focusing on mid to senior level engineers for contract and permanent roles worldwide. By applying for this job you give consent for Fircroft to contact you, via email & telephone, to discuss your application along with future positions and Fircroft's services.

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