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FSO Project Cost Engineer / Qatar

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Location: Qatar

Our client an Oil & Gas Exploration & Production Company is looking for a role of FSO Project Cost Engineer, based in Qatar


To promote & comply with applicable safety instruction and other Company HSE procedures in all activities

To carry out work in compliance with Company values and policies, relevant laws and regulations, agreed Company priorities and objectives, Company standards and procedures and good industry practices

To treat all information obtained during course of the work with confidentiality


To support in preparation of Contract documents and provide challenge to the commercial and reimbursable terms, ensure CBS is aligned with WBS etc.

To support in commercial evaluation of the tender proposals

To liaise with VP, Project managers and B&D entity to review Cost Estimate based on benchmark data

To support in performing quantitative Cost Risk Analysis of the available proposals for each project

To support in preparing project CAPEX for Final Investment Decision


To prepare for review dedicated LOP and LTP data for each project

To prepare for review the detailed annual budget and updates in liaison with various internal entities and in agreement with the CLIENT budget standard format provided by finance

To participate in the presentation and to defend the budget performance as required

To control budget availability for each commitment

To ensure budget control, highlighting current trends and to justify variances between Forecast and Budget

To establish register, to update, monitor and control the commitments, expenditure incurred and forecast for all contracts and purchase orders managed by Major Projects

To perform specific Cost Analysis

To provide input to the PALM (SAP) system, with regard to commitments, payment schedules, invoicing, time sheets and cost control issues, as required

Liaise with the CLIENT Finance entity to ensure that G&A and other common costs are charged fairly to the Major Project budgets


To prepare the monthly closure and make sure accruals done in PALM system are in accordance with current project(s) progress

To prepare all necessary documents as necessary for compliance regarding accruals

Cost reporting:

To issue a detailed internal and external monthly cost report (Trends, Areas of Concern, Budget Variance analysis, Commitment/Expenditure figures, Forecast at completion etc.) with comments and advise Project Management on cost over-runs in a timely manner

To ensure correct and auditable records of all matters with Project expenditures, contracts, budgets, cash flows, forecasts, etc.

To act as the interface with the CLIENT Finance entity and provide them with data for incorporation in corporate financial documents

To supervise the contractors and suppliers cost control activities


To implement an efficient invoicing process between the different locations of each project

To monitor invoices, in liaison with CLIENT accounting department to enable timely payment of invoices


To develop, communicate and implement procedures to ensure the efficient organization and operation of the Project budget and cost control activities

To manage the cost control team and make sure that a high quality of cost analysis is regularly provided by the team

To advise, during project setup post award, contractors on key commercial requirements (invoicing format and submission, cost reporting etc.)

To anticipate additional requirement for cost control support during execution of the project(s)


To promote cost consciousness within the entity

To ensure confidentially is being kept as per sensitive data

To liaise with internal and external auditors for cost justification

To prepare the required cost recovery related documentation

To liaise actively with CLIENT Finance entity for all matters related to cost and accounting as required (Commitments, invoice processing and payment, accruals, payment claims and disputes...)

To prepare commercial close out of each contract and archive all financial documentation as per CLIENT guidelines

To carry out any other duties or tasks that may be assigned by hierarchical superiors


Degree in Economics or equivalent

Minimum 15 to 20 years' experience in similar activities for Oil & Gas projects.

Advanced knowledge & experience in use of relevant computer systems (SAP, Excel, Word, PowerPoint)

Mastery of EPC Contracts mechanisms

How to Apply

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