Cost Engineer At Tullow Oil

Job Description

Tullow Oil is a well-established, recognized, and African focused independent oil and gas company. The Group has interests in over 30 exploration and production licenses across 8 countries in Africa and South America. Our purpose is to build a better future through responsible oil and gas development.

Tullow Oil is offering an exciting opportunity for a Cost Engineer to provide Cost Engineering services to the Ghana Operations team. The position is a full-time position based in Accra, Ghana with hybrid working arrangements.

The following are the key roles and responsibilities of the successful candidate

  • Prepare and maintain a template to track all Purchase Orders (POs) and budgets for the Operations function (Ops, Subsea, FPSO, Logistics, WRFM etc) and advise budget holders before POs and budgets are overspent in liaison with Contract and Procurement representative
  • Play a key role in requisitioning activities to support operations to review accuracy and ensure that commitments are coded to the correct projects and work scopes.
  • Monitor and report cost performance against budget and contract terms into the consolidated Cost Report on a monthly basis.
  • Produce accurate Cost Reports to include Forecast Costs, Estimate to Complete, Value of Work Done and Commitments against approved budgets.
  • Calculate Estimate to Complete in line with progress achieved and Operations/P&E integrated schedules.
  • Provide expenditure phasing and projections in line with schedules and contract compensations terms and conditions.
  • Provide Value of Work Done assessment based on established progress system & contractor reports.
  • Monitor contract expenditure and forecast contract value against approved contract values.
  • Prepare detailed budgets in accordance with the CBS which shall form the basis for detailed level cost reporting and analysis.
  • Present weekly cost reports identifying spend profiles and projections.
  • Prepare and participate to the presentation of the Asset Monthly cost report and its approval by the Cost Centre Managers/Budget Holders
  • Monitor actual spend against budgets, analyse deviations and recommend remedial actions. Prepare agenda items for cost review meetings.


Engineering Degree / Project Management or equivalent project controls experience

Skills /Professional Experience

  • At least 5 years of Cost Engineering experience preferably in the offshore oil and gas industry.
  • Knowledge and application of Cost and Planning Engineering principles.
  • Knowledge of operations and managing projects preferably in the offshore oil and gas industry.
  • Good knowledge of planning, cost management and reporting systems together with ability to consolidate project data from a number of sources for overall presentation.
  • Proficiency in Microsoft Excel is a must have.
  • Confident user of other Microsoft Office applications

To Achieve This, We Offer Our Employees

  • Potential flexible working arrangements
  • Ability to manage working hours to balance work/life commitments
  • A performance-driven culture that generates results
  • A commitment to your personal and professional development
  • A chance to make a difference to our business, working in or leading teams of talented, committed people
  • A culture that appreciates diversity & inclusion and provides equal opportunities. Recognition and reward for your performance

Our philosophy is to bring people into Tullow with whom we can build a strong, mutually beneficial, and long-lasting relationship. Working for Tullow will increase your knowledge, broaden your horizons, and extend your professional network. We offer a competitive reward package of base salary, incentives and benefits which is designed to attract, retain, and motivate the best talent.

Method of Application

Submit your CV and Application on Company Website : Click Here

Closing Date : 15th April, 2024

May 2024