Cost Engineer

Full time at Saudi Aramco (ASC) in Saudi Arabia

Posted on April 14, 2025

Job details

Aramco energizes the world economy. Aramco occupies a special position in the global energy industry. We are one of the world's largest producers of hydrocarbon energy and chemicals, with among the lowest Upstream carbon intensities 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 Turnaround & Inspection (T&I) unit within our Ras Tanura Refinery Maintenance Department.Ras Tanura Refineries T&I unit is responsible for the planning and execution of all turnarounds across our Ras Tanura Refinery facilities, ensuring quality and enhancing efficiency through effective planning and execution.Your primary role will be to provide overall technical support in all cost related matters and coordinate cost engineering activities as a member of our T&I team.Key ResponsibilitiesAs the successful candidate you will be required to perform the following:

Provide all cost engineering expertise to the T&I team.
Prepare, review, monitor, analyze and report all T&I event/unit associated expenditures and identify areas for cost reduction without compromising quality or safety.
Assist with the preparation of cost portion of maintenance projects, shutdowns, or turnarounds procurements contracts.
Review and analyze claims and change orders and assist in the preparation of cost portions of procurements and execution contracts.
Develop and maintain budgets for all maintenance activities and capital projects.
Assist in planning and forecasting costs for the annual maintenance program and provide input on the financial feasibility of repair or replacement initiatives.
Review multi-discipline conceptual, detailed and definitive cost estimates for Saudi Aramco T&I to ensure accuracy, completeness and compliance with the scope of work.
Assist T&I team to Recommend and implement initiatives to optimize the cost of maintenance and downtime.
Initiate appropriate action when total forecast indicates allocated funds will be exceeded.
Keep abreast of significant developments in cost engineering by close review of technical literature, publications, magazines, and attendance of professional and technical meetings.
Work closely with the maintenance department, procurement, and engineering teams to identify opportunities for cost optimization.
Assist T&I team for proper allocation of resources and that maintenance tasks are executed within budget.

Minimum Requirements

As the successful candidate you will hold a Bachelor Degree in Engineering, preferably in Mechanical or Industrial Engineering or a closely related discipline.
You should have a minimum of 10 years of cost engineering experience in projects/turnaround within operations of a refining or petrochemical facilities.
You must be able to demonstrate an overall knowledge of computer-estimating programs, such as Aspentech CCE (Capital Cost Estimator), Timberline etc. and shall be familiar with estimate databases such as Means, Richardson and SAP.
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) certification is preferred.
You should be able to demonstrate experience in the use of cost and estimating tools and the application of market conditions and risk management to estimates.

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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