Cost Engineer vacancy at Three60 Energy


Cost Engineer 

Working at THREE60

At THREE60 you will find technically and commercially exciting work in a dynamic environment, where you can achieve your potential and ambitions. You will be part of an entrepreneurial team that shares and learns openly to achieve a common set of goals.

Cost Engineer

Cost Engineer

Job posting date: 22/03/23
Closing date: 30/06/23
Contract Type: Full-time
Location: Aberdeen, UK
Responsible to: Projects Director
Responsible for: No direct reports

Company Overview

THREE60 Energy is a fast-developing energy services group whose aim is to deliver a more complete solution for owners, developers and operators of energy assets. Its strategy is to build a portfolio of oilfield services operating across the entire asset life cycle within the oil and gas industry both onshore and offshore. THREE60 has already acquired both capability and leadership across different geographies in Subsurface and Reservoir Engineering, Well Engineering, Facilities Engineering, Construction & Commissioning and Operations & Maintenance.

THREE60 Energy has a history of delivering integrated reservoir studies, field development plans, due diligence and independent reporting services since 2008.  In addition, THREE60 Energy has developed unique digital reservoir technologies, such as our Reservoir Management & LTRO services, and provides digitally-leveraged Production Engineering Services (PES) to several clients. 

Job Purpose

Due to the ongoing growth of THREE60 business across the energy sectors, we are looking for a Cost Engineer, to join our team in Aberdeen. The aim of the role will be to provide project controls support to Engineering, Procurement, Construction & Commissioning contracts/projects. Along with maintaining systems to enable project management and control to be effective whilst also supporting the project & finance areas of the business as required.

Key Responsibilities & Accountabilities:

  • Liaison with all relevant departments and sections to ensure the gathering and collating of accurate project status records and projections
  • Maintain accurate costs and forecasts associated with Manhour related and procurement activities
  • Produce management reports as required
  • Maintain digital systems / tools ensuring the accuracy of data
  • Work within sound project control principles and specified company procedures
  • Understand project-specific remuneration terms and conditions, and client-specific invoice format requirements
  • Liaise with Projects Director and project managers in establishing the most appropriate work breakdown structure
  • Responsible for the initial set-up of work within project management systems
  • Compile and analyse progress reports for each project
  • Produce manning histograms as requested
  • Create and update all proposals and projects in the project management system
  • Input and administer CTRs into project management systems
  • Produce cost and analysis reports for each project as requested by management
  • Analyse time bookings and identify variances to the respective project manager
  • Ensure invoice totals align with current expenditures
  • Analyse expenses and update appropriate reports
  • Produce utilisation reports


Knowledge & Qualifications

  • Formal qualification at a minimum of HNC level in Business or technical qualification, or similar [ ]
  • Highly proficient in MS Office applications [ ]
  • Knowledge of working within business management systems and procedures. [ ]

Skills & Experience:

  • Ability and commitment to complete tasks within set deadlines, while maintaining a positive attitude [ ]
  • Ability to be responsive, flexible and open to changing circumstances. [ ]
  • Strong excel skills with the ability to manage large volumes of data and convert them into management information [ ]
  • Power BI Skills are desirable but not essential [ ]
  • Excellent communication skills with the ability to work with a variety of people [ ]

Status Codes

  1. Essential requirement [ ]
  2. Desirable requirement [ ]

Disclaimer: Please note the list of duties is not exhaustive in any way and may be changed at any time during the contract of employment.

Apply now to forward an up-to-date copy of your CV:

Your Application

Due to the anticipated high volume of applicants, we may be unable to personally respond to all applicants unless you are selected to progress in the recruitment process.

We would therefore like to take this opportunity to thank you for your interest in this vacancy.