Cost Engineer - (Saudi Arabia)

Eram Talent; Saudi Arabia; On-site; SAR 200,000 - 300,000; Full time

Job summary

A leading engineering firm in Saudi Arabia is seeking an experienced Cost Engineer to support oil and gas projects. This role involves preparing cost estimates, developing budgets, and monitoring cost performance throughout project execution. The ideal candidate should have a Bachelor's degree and at least 3 years of experience in cost engineering.Competitive compensation is offered for the right candidate.

Qualifications

• 3+ years of cost engineering experience in upstream and/or downstream projects.
• Strong knowledge of estimating methods and cost control tools.
• Proficiency in Excel and cost management software.

Responsibilities

• Prepare cost estimates for feasibility, FEED, and EPC phases.
• Develop and manage project cost budgets and forecasts.
• Monitor cost performance and identify variances.

Skills

Cost estimation

Cost control

Budgeting

Analytical skills

Communication

Education

Bachelor’s degree in Engineering, Finance, or related field

Tools

SAP

Primavera

Job description

We are actively seeking an experienced Cost Engineer to support oil & gas project.
The role focuses on cost estimating, cost control, budgeting, and supporting project teams through all phases of execution.
Responsibilities Prepare cost estimates for feasibility, FEED, and EPC phases.
Develop and manage project cost budgets and forecasts.
Monitor cost performance, identify variances, and recommend corrective actions.
Support contract evaluations, bid analysis, and change management.
Prepare cost reports, cash flow projections, and KPIs.
Coordinate with engineering, procurement, and planning teams.
Ensure compliance with industry standards and internal procedures.
Requirements: Bachelor’s degree in Engineering, Finance, or related field.
3+ years of cost engineering experience in upstream and/or downstream projects.
Strong knowledge of estimating methods, cost control tools, and project management concepts.
Proficiency in Excel and cost management software (e.
g., SAP, Primavera, AACE practices).
Strong analytical, communication, and reporting skills.
Salary is not a constraint ,company is looking for right candidate .