Job Description

Project Cost Control Engineer

Reports to: Project Manager

PURPOSE

• The Project Cost control Engineer plays a crucial role in managing, overseeing, and executing a diverse portfolio of projects for Company drilling.
• This encompasses projects of various scales, from minor or medium (rig upgrade and modification, new equipment installation or replacements) to major projects (5-yearly overhauls, Special Periodic Surveys, Rig Activation/Reactivations).
• Actively involved from the initiation phase to the post-mortem evaluation, ensuring that the project stays within the approved budget and meets the intended objectives.
• This job description outlines the essential duties of a Project Engineer but might be expanded upon, based on lessons learned from ongoing and completing projects.

RESPONSIBILITIES

1. Project Definition and Execution

• Clearly define each project’s scope during the preparation phase, using rig historical data, and conducting

preliminary surveys possibly with roving teams or third-party services as necessary.

• Identify project resources and develop relevant resources calendar, prioritizing OEM service providers and

roving team as 1st option for personnel.

• Develop the project budget based on surveys reports and close out meeting within rig & HQ FTS.
• Develop comprehensive and realistic schedules, to monitor and control during project duration, with clearly

identified critical paths.

• Manage procurement process, tracking cost and delivery schedule against project requirements.
• Transition to Project Manager during the execution phase of major projects, with a full understanding of the

project, addressing any showstoppers and deviation from baseline, escalating issues, and maintaining project cohesion.

• For long-term projects, issue daily task planning to be reviewed on daily basis with the project team, shipyard, and any other relevant personnel for a clear understanding of all ongoing activities and SIMOPS evaluation.
• A PIC should ensure timely delivery of his scope and reports any relevant issues.
• Emphasize teamwork, cohesion, and collaboration throughout the project, promoting a united team aiming

for the project’s successful completion.

• Validation process: peer review to be performed on regular basis to ease decision making.
• Manage all changes always through the integrated change control process.

2. Project Classification and Management

• Oversee major projects from initiation to completion, including post-mortem analysis.
• Manage at least one medium-sized project concurrently, except during the execution phase of a major

projects.

• Provide technical support, QAQC, and RFM validation for minor projects, although primary management

should be by the Rig manager and rig team.

3. Reporting

• Lead periodic readiness meetings, with relevant personnel, during preparation phase
• Produce weekly reports on assigned projects and compile these for Company management and stakeholders.
• Update main projects in Company’s weekly report to management
• Upon project completion, collect stakeholders’ feedback and perform post-mortem analysis.

4. Financial Oversight

• Ensure each project has an approved budget before initiation: SOPEX for minor and AFE for medium and

major projects.

• Monitor and control costs during project procurement and execution phases, aiming for cost savings and

adherence to the budget.

• Maintain a realistic budget with the primary objective of staying within or below the budget
• Unplanned SOWs are not allowed during project execution.

5. Procurement and Services

• Ensure timely procurement and delivery of all required equipment for the project
• Examine received equipment for specification compliance.
• Monitor purchase orders through a dedicated project tracker.
• Consider potential delays like shipping, airfreight, and custom clearance, especially in West Africa.
• Contract 3rd party services ONLY when necessary, emphasizing clarity in payment terms, scope of work,

mobilization terms, etc.

• Request and verify CVs of non-OEM or specialized personnel from 3rd party service providers.

6. Planning and Safety

• Utilize tools like MS Project for comprehensive project planning.
• Implement and adhere to rigorous HSE standards including daily meetings, safety drills, medevac procedures, and regular safety audits

REQUIREMENTS

• Bachelor’s degree in Engineering or related field.
• Ability to oversee construction yards services and control Time and Materials (T&M) services timesheets (services for which the contractor is paid upon the time spent by the construction yard employes to perform the work, and for materials used
• Proven experience in project engineering and management.
• Excellent organizational, leadership, and communication skills.
• Proficiency in relevant project management software.
• Ability to manage multiple tasks and projects simultaneously.

Working Conditions:

• Combination of office, field, and various site locations.
• Flexibility to travel and adapt to various working environments.
• Commitment to maintaining high safety and performance standards.

LOCATION: Dubai. office/yard locations

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