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.
We are Seeking an experienced Cost Engineer to join SAOO TSD/Capital Program Management Division.
The organization handles and executes brown field oil & gas projects in Southern Area Oil Operations of Saudi Aramco.
The engineer is expected to perform project costing activities during the planning and execution phases of the project. Also, the engineer is expected to have full knowledge and experience in utilizing available costing practices to prepare project estimates and perform effective financial controls to ensure the project meets the requirements of the budget (total cost, annual expenditure forecast and cash flow).
You are expected to be able to perform the following:
Prepare, review and monitor cost commitments, Expenditures Forecasts for Oil industry projects
Initiate funding for preliminary engineering, and monitors Project Proposal and Expenditure Request Estimate development activities
Assist in front-end planning and preparation of reports for management
Develop and set up work breakdown Structure (WBS) for the projects
Develop, implement and interpret cost control procedures for application to the engineering and construction of capital projects
Provide cost engineering expertise for the engineering, Procurement and Construction Contracts
Prepare cash flow, total forecast, project financial close out reports
Review and analyze Change orders and claims
Prepare and analyze costing data for project status reports (i.e. Project Planning Update and Monthly Project Update)
The successful candidate should hold a Bachelor’s degree in Engineering, Construction Management or Business Administration as minimum
Minimum of 10 years’ experience in costing and estimation of brown field projects at Oil & Gas industry facilities
Must be able to perform project costing/estimation activities using available costing practices and recommended to have experience in processing invoices and report utilizing various SAP transactions and applications
Ability to review projects estimates to ensure proper development of cost elements in light of current industry practices
Ability to compile and analyze project costing data report to identify deviations from the project plan and develop necessary corrective actions
Preferred to have membership with internationally recognized technical societies
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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Saudi Aramco is the world’s largest integrated oil and gas company; its upstream operations are based in the Kingdom of Saudi Arabia and it also operates a global downstream business. Headquartered in the city of Dhahran, the company operates in eight locations within the Kingdom and 20 locations overseas, and employs around 76,000 people.