Minimum Relevant Experience: 10–15 years of proven experience in Upstream Cost Engineering, preferably within the drilling, exploration, field development, and reservoir management phases of oil and gas projects.

Key Responsibilities:

- Oversee all aspects of cost control for upstream oil & gas projects, including drilling, exploration, field development, and reservoir management activities.
- Establish and manage the project cost management system, ensuring accurate development of cost breakdown structures for different project phases.
- Develop and maintain detailed cost estimates for drilling operations, exploration activities, field development plans, and reservoir management strategies.
- Track and update the cost trend register, monthly forecasts, and variance logs across multiple upstream activities, and implement corrective actions for budget variances.
- Collect, organize, and analyze construction and operational cost data for drilling and development projects, maintaining an efficient expense filing system and project database.
- Prepare and submit timely and accurate project cost reports that compare actual performance to the plan and identify potential cost overruns.
- Lead the cost review process both internally and with external partners, ensuring project costs are aligned with the budget.
- Conduct cost risk analysis for exploration and development projects, including drilling and reservoir management, and develop mitigation strategies to manage cost uncertainties.




- Support the preparation of man-hour plans and resource allocation strategies for drilling rigs, exploration campaigns, and field development projects.
- Prepare, manage, and update annual project budgets and work programs for upstream activities, including new exploration wells, development projects, and reservoir optimization.
- Support the implementation of project control procedures across all phases, ensuring strict adherence to schedules and cost targets.
- Prepare daily, weekly, and monthly status reports, keeping management informed of project progress, cost performance, and key risks.
- Work closely with the project teams, task managers, and engineers to define the scope of work for exploration and field development, and identify any cost variations from the original plan.
- Advise senior management on potential cost-related risks in drilling, exploration, and field development, providing recommendations to control costs.
- Develop and maintain cost distribution models to provide a transparent breakdown of expenditures for each phase of the project, from exploration through to field development and reservoir management.

Educational Requirements: Bachelor’s Degree in Engineering (preferably in Petroleum, Mechanical, or Civil Engineering) or an equivalent qualification in a relevant field.

Please email your updated resume to: hrdubaioffices(AT)gmail.com

Pay: ₹80,000.00 - ₹150,000.00 per month

Work Location: In person

📌 Senior Cost Engineer (Chennai)
🏢 OIL AND GAS
📍 Chennai