Capital Cost Engineer at WTS Energy - Oil & Gas

WTS Energy is a leading E&P Multinational Company to the international Oil, Gas and Energy industry.
WTS Energy provides recruitment and manpower services for the global oil and gas and energy industry. We supply consultants to projects and operations of our clients and perform outsourcing services such workforce management in oil and gas regions around the world. Our clients are based globally and offer a myriad in oil and gas and energy vacancies. WTS Energy positions in any phase of the project lifecycle; from Geoscience, Drilling Management and Supervision, (FEED) Engineering, Construction, Commissioning and Start UP, Operations and Maintenance. WTS Energy operates globally with offices in 14 countries.

Our client, a newly formed Operating Company (Joint Venture between International Oil company and Indigenous Operator) is recruiting to fill the below position:

Job Title: Capital Cost Engineer

Ref No: WTHO03270
Location: Lagos

Job Description
The responsibilities of Drilling Cost Engineer include, but are not limited to the following:

• Assist to establish and maintain Project Cost Control procedures.
• Assist to establish and maintain work breakdown structure (WBS), including AFE and cost centre numbers, to control and report costs at agreed levels.
• Provide support to Project Engineers to establish and maintain up to date Authorization for Expenditure (AFE) documents.
• Establish and maintain financial cash flows for the Project, in line with the agreed WBS.
• To assist lead cost engineer to monitor actual versus planned expenditures and produce cost forecasts to provide timely notification of potential over/under runs.
• To assist lead cost engineer to produce Monthly cost reports, giving planned, actual and forecast costs, for all elements of the Project, in line with the agreed WBS.
• Produce other ad-hoc reports and presentations on cost data that may be required by the Project.
• Coordinate all Project CAPEX and OPEX budget submissions.
• Prepare and monitor accruals and ensure that they are correctly controlled against budgets.
• Prepare and maintain log for contractor and vendor invoices and ensure that these are properly cost coded prior to approval by the responsible party.
• Review & audit contractors' cost management procedures & reports.

Requirements

• Minimum 10 years experience in the upstream oil and gas industry with a good understanding of Engineering.
• Full membership of a relevant International Institution preferred.
• Proficient in MS Access, MSWord, Excel, and PowerPoint.
• Broad, multi-discipline knowledge and experience of cost engineering for onshore Oil and Gas projects.
• University Degree in an Engineering or Commercial subject.
• An accounting experience/background will be an added advantage.
• Local Nigerian candidates will be preferred.

Terms & Conditions Capital Cost Engineer

• Work schedule: Resident based.
• Long term position.

Application Closing Date
14th December, 2013.

Method of Application
Interested and qualified candidates should:
Click here to apply online