Risk Engineer

Job Description: Cost Engineer


The Cost Engineer will be responsible for tracking, analysing, and reporting operational costs across the business. This includes close monitoring of capital (CAPEX) and operating expenses (OPEX), supporting budget preparation and forecasting, tracking actual vs. The ideal candidate will have prior experience in the upstream oil & gas industry, with a solid understanding of field operations and a hands-on approach to financial control.


Deliver consistent but appropriate cost engineering structures for projects, modifications and maintenance for ONEgas West
Monitor daily, weekly, and monthly CAPEX and OPEX spending across all assets and projects.
Develop and maintain cost tracking models and dashboards for management and field teams.
Work with Operations, Drilling, Completions, and Production teams to validate costs and explain variances.
Maintain rolling forecasts of costs by project and asset.
Ensure compliance with internal controls and cost coding policies.
Partner closely with Engineering, Land, and accounting teams to ensure accurate and timely cost data.
Work with Accounts Payable to ensure proper coding and allocation of invoices.
Support Joint Interest Billing (JIB) accuracy by ensuring costs are coded correctly to wells, leases, and projects.
Develop and Implement Project Cost and Schedule Management Plan.
Implementation of cost breakdown structures (CBS) and their population from the estimate.
Provide project guidance for creation of accurate cost dashboards, identifying variances from the plan on commitment, value of work done, changes and currency fluctuations against approved Authorities for Expenditure (AFEs).
Maintain and promote realism in the cost forecasts in the face of commercial pressure and optimism from maintenance teams.
Assist in cost analysis and maintain timely commercial close out to support VOWD process.
Bachelor’s degree in Accounting, Finance, Engineering, or related field.


4+ years of experience in cost control, project controls, or operations accounting, preferably in upstream oil & gas.
~ SAP P16
~ SAP Business Warehouse (BW) PB6 / PB7
~ Experience with oil & gas accounting/ERP systems
~ Strong understanding of upstream oil & gas operations (drilling, completions, production, facilities).
~ Proficient in Microsoft Excel and cost modeling.
~ Ability to interpret operational data and financial statements.
~ Contract: Permanent


In order to attract and retain skilled, competent and customer focused people we offer a competitive and extensive benefits package providing a suite of both contractual and voluntary benefits including access to corporate discounts. Employee benefits will depend on work location and role, however, may include life assurance, income protection, and private medical insurance.


In addition we recognise the importance of providing flexibility to our employees and offer hybrid working, a Flexi Friday working arrangement as well as the opportunity to purchase additional annual leave .


Altrad is an international leader in the provision of industrial services, generating high-added value solutions principally for the Oil & Gas, Energy, Power Generation, Process, Environment and Construction sectors. The Group is also a recognised leader in the manufacturing of equipment dedicated to the Construction and Building market. Altrad’s multidisciplinary services range from engineering and technical services to maintenance, access solutions and specialised services for industry leaders. Headquartered in France, the Group employs around 65,000 people and is still led by its Founder and President Mohed Altrad.


Simply complete the job application, and if you have any questions along the way, our Recruitment Team is here to help, just reach out to us at AIS.