Wells Assistant Cost Engineer - VR/26033

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Status: Temporary
Location: Aberdeen
Rate: Available Upon Request

Wells Assistant Cost Controller required to join an E&P organisation on a contract basis. Individuals with prior cost control experience for an Operator are encouraged to apply.


Previous use of SUN or Maximo would be advantageous.


You will undertake the following:

  • Carrying out weekly cost review meetings.
  • Assisting Wells Cost Lead in delivering, maintaining, managing and where necessary improving wells cost framework, procedures and tools.
  • Ensuring review, verification and correct cost allocation/coding of invoices.
  • Liaising with Engineers and offshore personnel on cost related matters, such as progress, milestones and variations.
  • Supporting Wells inventory team with coding, cost and legacy queries where applicable.
  • Consulting with and advising department and accounting personnel on wells accounting issues.
  • Preparing and reviewing well AFEs.
  • Preparing and reviewing budgets and forecasts.
  • Completing well reconciliations in preparation for presenting to JV partners.
  • Following AFE close out process.
  • Involvement in year-end audit process, providing information to external auditors and internal audit co-ordinators.


Day to day cost tracking;

  • Ensuring correct information is being tracked in cost tracking system (CTX).
  • Understanding of EFC and daily cost with transparent reporting of these numbers.
  • Liaising with Engineers and service providers to ensure accurate tracking of daily expenditure against project.
  • Reviewing time writing for personnel, ensuring approved personnel are time writing correctly and rejecting any unapproved time writing.
  • Managing Maximo for cost areas of responsibility, inputting AFEs and approving Purchase Requisitions and Purchase Orders.


Preparing accurate monthly reports; 

  • Providing monthly report for calculation of monthly accruals.
  • Ensuring all invoices, commitments and time writing have been recorded.
  • Ensuring VOWD is re-evaluated based on most current data.
  • Interrogating data received from other team members.
  • Re-forecasting estimate to complete / forecasted final costs and identify any area of concerns such as budget overruns work / delivery slippages etc which may impinge upon other cost areas. 

TMM Recruitment

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