Senior Cost Estimation Engineer
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Key skills for this role
About the Role
Penspen seeks a Senior Cost Estimation Engineer for an Onshore PMC project in Abu Dhabi. The role requires 15+ years of cost estimation experience in Oil & Gas, with mandatory experience in Early Production Facilities (EPF) and ADNOC projects.
Key Skills for This Role
Responsibilities
- Prepare and review cost estimates for Oil & Gas projects in accordance with company and client procedures
- Develop conceptual, feasibility, FEED, and detailed engineering cost estimates
- Prepare cost breakdown structures (CBS), quantity take offs, and pricing for engineering, procurement, construction, commissioning, and project management activities
- Evaluate contractor estimates, vendor quotations, and bid proposals
- Support project budgeting, cost planning, and investment evaluations
- Perform cost risk analysis, sensitivity analysis, and contingency assessments
- Coordinate with Engineering, Procurement, Project Controls, Planning, and Construction teams
- Participate in technical and commercial bid evaluations
- Monitor estimate accuracy throughout the project lifecycle and recommend improvements
- Ensure compliance with ADNOC standards, company procedures, and international estimating practices
- Support project change management by preparing cost impact assessments for scope variations
- Prepare management reports and presentations related to project cost estimates
Requirements
- Bachelor's Degree in Mechanical, Civil, Chemical, Electrical Engineering, Quantity Surveying, or equivalent
- Minimum 15 years of experience in Cost Estimation within the Oil & Gas industry
- Minimum 10 years of experience on ADNOC or similar Middle East Oil & Gas projects
- Mandatory experience in Early Production Facilities (EPF) and Upstream Oil & Gas projects
- Mandatory experience in PMC consultancy environment
- Mandatory hands on experience across FEED, Detailed Engineering, and EPC phases of Oil & Gas projects
Full Job Posting
Position
- Senior Cost Estimation Engineer (PMC)
- Location: Abu Dhabi, UAE
Key Responsibilities
- Prepare and review cost estimates for Oil & Gas projects in accordance with company and client procedures
- Develop conceptual, feasibility, FEED, and detailed engineering cost estimates
- Prepare cost breakdown structures (CBS), quantity take offs, and pricing for engineering, procurement, construction, commissioning, and project management activities
- Evaluate contractor estimates, vendor quotations, and bid proposals
- Support project budgeting, cost planning, and investment evaluations
- Perform cost risk analysis, sensitivity analysis, and contingency assessments
- Coordinate with Engineering, Procurement, Project Controls, Planning, and Construction teams
- Participate in technical and commercial bid evaluations
- Monitor estimate accuracy throughout the project lifecycle and recommend improvements
- Ensure compliance with ADNOC standards, company procedures, and international estimating practices
- Support project change management by preparing cost impact assessments for scope variations
- Prepare management reports and presentations related to project cost estimates
Minimum Qualifications
- Bachelor's Degree in Mechanical, Civil, Chemical, Electrical Engineering, Quantity Surveying, or equivalent
- Professional certification such as AACE International (Certified Cost Professional CCP) is preferred
Minimum Experience
- Minimum 15 years of experience in Cost Estimation within the Oil & Gas industry
- Minimum 10 years of experience on ADNOC or similar Middle East Oil & Gas projects
- Mandatory experience in Early Production Facilities (EPF) and Upstream Oil & Gas projects
- Mandatory experience in PMC consultancy environment
- Mandatory hands on experience across FEED, Detailed Engineering, and EPC phases of Oil & Gas projects
- Experience in greenfield and brownfield developments is highly preferred
- Experience working in ADNOC projects
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