Cost Engineer

  • Post Date : July 10, 2020
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Job Description


 Develop, communicate and implement a cost management system in compliance with the Governing Agreements, AACE Cost
Management Framework and best practices of major O&G companies.
 Analyze & review Contractor KPI’s and audits to ensure relevance to contract and progress.
 Validate monthly VOWD Value Of Works Done in coordination with Planning and Reporting Team;
 Provide the necessary checks, approval functions for invoices submitted, in accordance with Contracts, Project & Company
procedures and make sure that the invoiced values are representing approved values of the actual works performed by contractors, sub-contractors, suppliers, etc..
 Assist in the cost assessment of any contract variations (change orders) and identify any Project cost trends, drifts, variances
data update and maintain the Project Final Cost Estimate and follow up of Life of Project (LOP) Budget for Subsea and Platform Packages;
 Prepare the Monthly Cost Reports.


 Degree in a relevant discipline (certificate from recognized international organization i.e. AACE is an advantage);
 Minimum 10-year experience of O&G with a minimum of 5 years as a Cost Engineer;
 Experience of working with EPCI Contractors under different contractual schemes i.e. lump-sum, reimbursable, etc.;
 Use of SAP controlling, commitments and cost structure modules Understanding of company and project finance;
 Development and use of computer cost management applications;
 Sound excel knowledge.
 Fluent in English and Azerbaijani languages, Russian language recommended.
 Ability to work on projects in a complex and multicultural environment and used to communicate with international technical staff and experts

Interested applicants should submit their CV in English with salary expectations to


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