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 a Cost Engineer to join our Assets Maintenance Solutions Department (AMSD) within our Global Manufacturing Excellence Organization. AMSD is responsible for providing maintenance technical consultations, towards best-in-class maintenance organization through conducting selective maintenance assessment, turnaround assurance and deploying cutting-edge technologies and best practice across Global Manufacturing portfolio. Your primary role will be to to carry out cost engineering functions related to maintenance and turnaround in the Oil & Gas downstream sector (refineries / petrochemicals)Key ResponsibilitiesAs the successful candidate you will be required to perform the following: Assist in establishing estimating standards and strategies for maintenance work and turnaround in order to optimize cost and reduce risks. Review bottom up estimate for yearly budget for maintenance. Review bottom up estimate for planned turnaround. Assist in establishing guidelines for yearly budgeting for maintenance and turnaround. Coordinate and work closely with Maintenance Engineer / Turnaround Engineer to prepare / review / finalize initial yearly maintenance budget and turnaround budget. Coordinate and work closely with Maintenance Engineer / Turnaround Engineer to review / finalize mid-year and Year-end budget. Carryout spending analysis and find out areas of improvement for cost savings and improvement. Carryout replacement vs maintenance cost of assets. Coordinate and work closely with Maintenance Engineer / Turnaround Engineer / Contract Advisor to estimate contract cost in proposal stage. Coordinate and work closely with Contract Advisor / Contract Engineer to evaluate price bid from cost engineering point of view. Coordinate and work closely with Contract Advisor / Contract Engineer to prepare and establish cost evaluation criteria. Assist in preparing, developing and measuring Key Performance Indicators for cost performance. Maintain computer records of cost estimating standards and guidelines. Coordinate and work closely with Maintenance Engineer / Turnaround Engineer to monitor cost at regular interval and produce periodic cost report.Minimum RequirementsAs the successful candidate you must hold a Bachelor degree in Engineering, preferably in Mechanical, Electrical, Industrial, Construction, Production or closely related discipline. You should have Minimum of 10 years cost engineering experience in maintenance and turnaround. Experience in cost benchmarking such as Solomon will be an advantage. You should be familiar & experienced with contracting process and cost engineering in contracting. You should be experienced in carrying out bottom up estimate for yearly budget for maintenance as well as planned turnaround. You should also be experienced in the use of cost estimating tools and the application of market conditions and risk management to estimates. Experienced & knowledge in computer-estimating programs, such as Aspentech CCE (Capital Cost Estimator), etc. and shall be familiar with estimate databases such as Richardson or similar is required. You should be experienced with SAP system. Certification in Project Management Professional (PMP), AACE-CCP (American Association of Cost Engineers - Certified Cost Professional) or AACE-CEP (American Association of Cost Engineers - Certified Estimating Professional) will be preferred. 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.

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Hiring company

Saudi Aramco (ASC)

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Cost Engineer

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Saudi Aramco (ASC)

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