Cost Engineer

Full time at Saudi Aramco (ASC) in Saudi Arabia

Posted on March 6, 2024

Job details

Aramco energizes the world economy. Aramco occupies a unique position in the global energy industry. We are the world's largest producer of hydrocarbons (oil and gas), with the lowest upstream carbon intensity of any major producer. With our significant investment in technology and infrastructure, we strive to maximize the value of the energy we produce for the world along with a commitment to enhance Aramco's value to society. Headquartered in the Kingdom of Saudi Arabia, and with offices around the world, we combine market discipline with a generations' spanning view of the future, born of our nine decades experience as responsible stewards of the Kingdom's vast hydrocarbon resources. This responsibility has driven us to deliver significant societal and economic benefits to not just the Kingdom, but also to a vast number of communities, economies, and countries that rely on the vital and reliable energy that we supply. We are one of the most profitable companies in the world, as well as amongst the top five global companies by market capitalization.OverviewWe are seeking an experienced Cost Engineer to join our Project Management team (PMT). Saudi Aramco Project Management Teams are directly responsible and accountable for the delivery of best in class capital projects assigned to department. PMT is directly involved in executing and managing assigned projects safely, on schedule, within budget and to the highest standards of integrity and compliance. This will involve engineering design, procurement and construction of various sizes, types and complexity of small, medium to multi-billion dollar mega size projects. Some of these mega projects include the Marjan Increment Program, the Crude Oil to Chemicals program, the Gas Compression Program, the Berri & Zuluf Increment and AMIRAL Program.Key ResponsibilitiesYou will be required to perform the following: Provide cost analysis, controls and report activities for Capital and non-Capital projects. Provide input and recommendations for cost engineering requirements relative to staffing, project controls, and preparing and analyzing comparisons of scope, quantities and cost data between the project forecasts and the budgets. Organize, monitor and control project costs and will define project needs for cost control in accordance with contractual requirements, objectives, and Company procedures. Ensure that all project commitments are accurately reported and will maintain updated final project forecasts and expenditure forecasts. Proactively advise management when forecasted costs exceed the approved budget. Use statistical tools to analyze costs metrics and perform risk analysis. Analyze contractors' cost reports and extract required data for management reporting. Prepare and report cost engineering information on a monthly basis and additional ad-hoc reports as required by Management. Provide all cost engineering expertise and coordinates activities as group/unit leader as required in preparation of cost portion of the engineering, procurement and construction contracts. Collect, monitor, analyze and report all cost information through the Project Manager. Review and analyze all claims and Change Orders on project contracts. Participate in the negotiation of project contracts as required. Initiate appropriate action when total forecast indicates allocated funds will be exceeded.Minimum RequirementsAs the successful candidate, you will hold a bachelor's degree in Engineering from a recognized university You will have a minimum of fifteen years cost engineering experience in oil and gas, petrochemical, refinery projects or facilities, with at least ten years in managing project budgets, cost tracking, forecasting; and financial reporting with a Broad, multi-discipline knowledge and experience of cost engineering for Oil and Gas projects. A certification from Professional Organization is highly recommended. Working environment Our high-performing employees are drawn by the challenging and rewarding professional, technical and industrial opportunities we offer, and are remunerated accordingly. At Aramco, our people work on truly world-scale projects, supported by investment in capital and technology that is second to none. And because, as a global energy company, we are faced with addressing some of the world's biggest technical, logistical and environmental challenges, we invest heavily in talent development. We have a proud history of educating and training our workforce over many decades. Employees at all levels are encouraged to improve their sector-specific knowledge and competencies through our workforce development programs - one of the largest in the world.

Apply safely

To stay safe in your job search, information on common scams and to get free expert advice, we recommend that you visit SAFERjobs, a non-profit, joint industry and law enforcement organization working to combat job scams.

Hiring company

Saudi Aramco (ASC)

See All Saudi Aramco (ASC) Jobs

Improve your chance to get this job. Do an online course on Cost Engineering starting now.

Construction Cost Estimation Diploma Skill-Up

AED 50

Duration: Upto 3 Hours

Enrol
Cost Estimation for Multiplex Building Skill-Up

AED 50

Duration: Upto 2 Hours

Enrol

See all courses

See All Cost Jobs

Cost Engineer

Job details

Apply safely

Hiring company

Saudi Aramco (ASC)

Cost Engineer

Cost Engineer

Cost Engineer

Cost Engineer

Cost Engineer

Cost Engineer

Cost Engineer

Lead Cost Engineer

Cost estimator II

Cost estimator II

Cost estimator II

Engineering Specialist

Engineering Specialist

Engineer

Engineer

Engineer

Engineering - Mechanical

Engineering - Mechanical / Piping

Engineer - Project

Jobs

Courses

Location

Follow us

Home Saudi Arabia Cost Engineer

Home Saudi Arabia Cost Engineer

Cost Engineer

Job details

Apply safely

Hiring company

Saudi Aramco (ASC)

Similiar Jobs that might interest you

Cost Engineer

Cost Engineer

Cost Engineer

Cost Engineer

Cost Engineer

Cost Engineer

Cost Engineer

Lead Cost Engineer

Cost estimator II

Cost estimator II

Cost estimator II

Engineering Specialist

Engineering Specialist

Engineer

Engineer

Engineer

Engineering - Mechanical

Engineering - Mechanical / Piping

Engineer - Project

Why are you reporting this job?

Laimoon Job Alert fresh jobs directly from websites*

Jobs

Courses

Location

Follow us