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Cost Engineer

1.00 to 10.00 Years   United Arab Emirates   24 Jan, 2023
Job LocationUnited Arab Emirates
EducationNot Mentioned
SalaryNot Mentioned
IndustryOil & Gas
Functional AreaNot Mentioned

Job Description

Position Title:Cost EngineerEmployment Type:Full TimeSalary: up to 33K AED all inclusive depending on experience and qualificationsJob Location:UAEAbout the Client: A leading oil and gas company in UAE

  • Accountable for preparation of AFE?s as required, within agreed budgets (budgets preparation too). Liaise with all stakeholders to ensure accurate AFE?s for each project.
  • Track actual costs and reconcile with AFE?s and budgets related to all E&P activities including drilling and facilities, special projects, Daily drilling cost tracking. Create and maintain a detailed cost tracking model to monitor commitments to AFEs, and commitments to actuals. Responsible to provide month end deliverables (accruals, variance analysis and budget reforecasts) on a project-by-project basis
  • Ensure that all cost information is properly communicated and records are maintained within the company which may be audited from time to time by stakeholders. Ensure E&P department is prepared properly for any upcoming internal & external audits.
  • Liaise with contractors as required to ensure accurate and updated invoices.

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