Geoplex Drillteq Limited – The fastest growing indigenous Service Company in Nigeria today was established in June 2002 to provide Oilfield Services to the upstream sector of the fast expanding Oil and Gas industry in Nigeria and the West Africa Coastal region. The Government policies aimed at encouraging and ensuring more participation by competent Nigerians in the upstream Oil & Gas Industry has contributed to our growth process.
We are recruiting to fill the position below:
Job Title: Cost Controller
Location: Port Harcourt, Rivers
Job Summary
- The Cost Controller plays a critical role in managing, tracking, and optimising costs associated with oil field services and rig operations.
- This position works closely with Supply Chain, Operations, Finance, and Vendor Management teams to ensure spending is aligned with budgets and contracts, and supports the organisation’s drive for cost efficiency and financial discipline.
Key Responsibilities
- 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.
- 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.
- 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.
- 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.
- 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 (Authorisation for Expenditure) and post-job cost review packs.
Qualifications and Experience
- Bachelor’s degree in Finance, Accounting, Economics, Supply Chain, or related field.
- Familiarity with SAP software for cost tracking and reporting.
- Strong Excel skills (pivot tables, lookups, modelling).
- Understanding of oil and gas procurement and logistics.
- ICAN/ACCA Membership will be an added advantage
- Minimum years in cost control, preferably in an oil and gas environment.
How to Apply
Interested and qualified candidates should:
Click here to apply