Project Cost Engineer
JOB TITLE: Project Cost Engineer
EMPLOYER: Joint Operating Company of Absheron Petroleum DUTY STATION: Azerbaijan
PUBLISHED: 2021-07-28 LAST UPDATED: N/A DEADLINE: 2021-08-27


JOB TITLE (JOB HOLDER): Project Cost Engineer


Position to report: Project Controls Lead
Contract Duration: 1.5 years
Present job holder: new recruitment


JOCAP Joint Operating Company is managing the EPS phase through an EPCI contract with BOS Shelf for Receiving Facilities and Tie-ins, and Technical Services agreements with TOTAL Energies, who is conducting on its behalf both Drilling operations and Subsea package. Absheron development reference agreements are PSA, JOA and addendums.


- 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.
- Management of cost for Offshore Transportation & Installation (T&I), Hook-Up and brownfield activities.
- Validate monthly VOWD Value Of Works Done in coordination with Planning and Reporting Team;
- Develop and maintain project Commitments Register for Offshore T&I, HU and Brownfield activities.
- 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.
- The jobholder is accountable for demonstrating an exemplary behavior with regard to HSSE rules & requirements, to the Company Ethics and Code of Conduct policy and for implementing and controlling these rules and requirements within his area of responsibility. He shall respect the JOCAP Code of Conduct and Maintain ethical culture at the workplace.


- Comply with the activities described within the HSE Management System
- Take reasonable care of own Health and Safety and that of Others who may be affected by their acts at work
- Know responsibilities to environmental issues in the work areas
- Each employee, at his level of responsibility, must observe all Company Rules, Procedures and instructions in the performance of his own task.


- Degree in relevant discipline (certificate from recognized international organization i.e. AACE is an advantage);
- Minimum 10 year experience of O&G with minimum 5 year as Cost Engineer in reimbursable T&I, HU & Brownfield Contracts;
- Cost management experience of a portfolio at least > 100 MUSD Projects preferably in Oil & Gas Projects within major Operating Companies;
- 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 communication with international technical staff and experts

Interested applicants should submit their CV in English to

For candidates: Please indicate the name of the position  you are applying for in the subject line of the email. Otherwise your candidacy will not be considered.

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