Specialist Cost Estimation Engineer

Penspen Ltd; Abu Dhabi; On-site; AED 450,000 - 750,000; Full time

Job summary

Penspen Ltd in Abu Dhabi, United Arab Emirates, seeks a Senior Cost Estimation Engineer for an Onshore PMC project. The role focuses on EPF and Upstream Oil & Gas, with expertise across FEED, Detailed Engineering, and EPC phases.

The candidate will prepare, review, and manage project cost estimates, support budgeting and cost control, and ensure ADNOC standards adherence. Extensive PMC experience and leadership in multi-discipline teams are required.

Qualifications

• Bachelor's Degree in Mechanical, Civil, Chemical, Electrical Engineering, Quantity Surveying or equivalent.
• CCP certification (AACE) preferred.

Responsibilities

• Prepare and review cost estimates for Oil & Gas projects per procedures.
• Develop conceptual, FEED and detailed engineering cost estimates.
• Prepare CBS, quantity take-offs, and pricing for EPC activities.
• Evaluate contractor estimates, vendor quotations and bids.
• Support budgeting, cost planning and investment evaluations.
• Perform cost risk and contingency analyses.

Skills

Cost estimation

EPF experience

Oil & Gas

PMC consultancy

FEED/Detailed Eng/EPC

Education

Bachelor's Degree in Mechanical/Civil/Chemical/Electrical Eng, or Quantity Surveying

Job description

Specialist Cost Estimation Engineer (PMC)

Position: Senior Cost Estimation Engineer
Location: Abu Dhabi, UAE

Job Purpose

The Specialist Cost Estimation Engineer will be responsible for preparing, reviewing, and managing project cost estimates for an Onshore PMC project, ensuring accurate budgeting and cost forecasting throughout the project lifecycle. The role requires extensive experience in Early Production Facilities (EPF) and Upstream Oil & Gas projects, with strong expertise in cost estimation during FEED, Detailed Engineering, and EPC phases.

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 to ensure accurate estimating inputs.
• Participate in technical and commercial bid evaluations.
• Monitor estimate accuracy throughout the project lifecycle and recommend improvements based on lessons learned.
• 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.