Cost Estimator

Penspen; Leeds; On-site; GBP 70,000 - 90,000; Full time

Job summary

A leading energy services company in the UK is seeking a Senior Estimating Engineer to manage project cost estimations in Oil and Gas projects. Responsibilities include evaluating EPC contractor deliverables and supporting CAPEX development. The ideal candidate will have a Bachelor's degree in a relevant field and at least 8 years of experience, particularly with Aramco projects. This position offers an opportunity to contribute to major projects while working with a dynamic team.

Qualifications

• 8 years of experience in Oil & Gas projects with Aramco experience.
• Proficient in evaluating and consulting on project cost estimation issues.
• Capable of reviewing contractor methodologies for compliance.

Responsibilities

• Evaluate and review EPC contractor's cost and estimating deliverables.
• Support risk analysis, cost forecasting, and CAPEX development.
• Review change orders and assess cost impact.

Skills

Project cost estimation

Cost forecasting

Change order assessment

EPC contractor review

Education

Bachelor’s Degree in Engineering / Quantity Surveying / Administration / Business

Diploma or Equivalent with a Certificate in project cost estimation

Job description

Penspen Overview

Penspen is a leading energy services company, providing engineering, project management, asset management and integrity services to the energy industry worldwide for over 70+ years. Originally founded in the UK in 1954 as Spencer & Partners, the company has now grown to include almost 1,000 members of staff, with major offices in London, Mexico, Colombia, Houston and Abu Dhabi, Saudi Arabia. ( https : / / www.penspen.com )

Job Summary

We are looking for a senior Estimating Engineer with below requirements :

Knowledge / Experience (Skills)

Experience in project cost estimation for engineering, procurement and construction for major Oil and Gas / Petrochemical projects. Capable of evaluating and consulting on project cost estimation and forecasting issues and problems. Provide cost estimation assurance and review of EPC contractor’s cost and estimating deliverables. Evaluate cost bases, man-hour estimates, equipment pricing, and contingency assessments. Review contractor cost estimation methodologies for compliance with PMS and Client standards. Support benchmarking and validation of cost data to ensure accuracy and consistency across project phases. Participate in risk analysis, cost forecasting, and CAPEX development. Review change orders and assess cost impact. Support PMS management in the preparation of independent cost estimates for validation and decision support.

Education

Bachelor’s Degree in Engineering / Quantity Surveying / Administration / Business or Equivalent closely related field. or Diploma or Equivalent with a Certificate from a recognized agency in one or more areas of project cost estimation related expertise.

Years of Experience

Eight (8) years of experience in Oil & Gas . Aramco project experience is a must.