Role Description

• Maintain a detailed and regularly updated cost tracker spreadsheet of all materials, equipment, and services used in rig operations.
• Ensure the cost sheet includes unit prices, vendors, frequency of purchase, delivery timelines, and usage metrics.
• Support the development and management of standard cost libraries for commonly used rig services and consumables.
• Work alongside the Supply Chain team to review and compare vendor quotations.
• Analyse pricing structures, delivery schedules, and service terms.
• Conduct price benchmarking exercises across similar vendors and contracts.
• Participate in negotiations to drive cost savings without compromising quality or operational efficiency.
• Collaborate with Supply Chain and Operations to shortlist and recommend preferred vendors based on price, performance history, payment terms, and compliance.
• Maintain a preferred vendor matrix for rig-related categories (e.g., diesel, spares, transport, catering, third-party rig support).
• Ensure that Purchase Orders (POs) reflect accurate quantities, unit prices, cost centers, and tax codes.
• Verify compliance with internal control policies and approved budgets.
• Validate that PO amounts align with contracts and actual service delivery.
• Provide real-time cost data, variance reports, and forecasting insights to Project Managers, Finance Controllers, and Executives.
• Analyse deviations between budgeted and actual spend, highlighting root causes and risk areas.
• Support preparation of AFE (Authorization for Expenditure) and post-job cost review packs.
• Monitor spending against approved AFE, job cost sheets, and budgets.
• Flag potential overruns and support escalation and reforecasting processes.
• Reconcile vendor invoices against delivery reports and POs.
• Ensure all cost documentation (quotes, invoices, PO copies, contracts, delivery notes) are stored and archived systematically.
• Support internal audits by providing cost backup and audit trails.

Qualifications

• Bachelor’s degree in Finance, Accounting, Economics, Supply Chain, or related field.
• ICAN/ACCA Membership will be an added advantage
• 3+ years in cost control preferably in an oil and gas environment.
• Familiarity with SAP software for cost tracking and reporting.
• Strong Excel skills (pivot tables, lookups, modelling).
• Understanding of oil and gas procurement and logistics.