Company: Petroplan
Skills: Cost Engineer
Experience: 15 + Years
Education: High School/Secondary
Salary: Negotiable
Location: Dhahran, Saudi Arabia

Job Title Cost Engineer
Admin Area Project Management
Business Line Technical Services

Position Description
We are seeking an experienced Cost Engineer to join our Project Management team (PMT). Our Project Management Teams are directly responsible and accountable for the delivery of best in class capital projects assigned to department. PMT is directly involved in executing and managing assigned projects safely, on schedule, within budget and to the highest standards of integrity and compliance. This will involve engineering design, procurement and construction of various sizes, types and complexity of small, medium to multi-billion dollar mega size projects.
Project Management Departments manages and executes projects usually from multiple site offices or engineering contractor design offices, geographically scattered throughout the Kingdom of Saudi Arabia.

Minimum Requirements

  • You will have a minimum of 15 years cost engineering experience in oil and gas, petrochemical, refinery projects or facilities, with at least ten years in managing project budgets, cost tracking, forecasting; and financial reporting with a Broad, multi-discipline knowledge and experience of cost engineering for Oil and Gas projects.
  • A certification from Professional Organization is highly recommended.

Duties & Responsibilities You will be required to perform the following:


  • Cost analysis, cost controls and reporting activities for Capital and non-Capital projects.
  • Provide input and recommendations for cost engineering requirements relative to staffing, project controls, and preparing and analyzing comparisons of scope, quantities and cost data between the project forecasts and the budgets.
  • Organize, monitor and control project costs and will define project needs for cost control in accordance with contractual requirements, objectives, and Company procedures.
  • Ensure that all project commitments are accurately reported and will maintain updated final project forecasts and expenditure forecasts.
  • Proactively advise management when forecasted costs exceed the approved budget.
  • Use statistical tools to analyze costs metrics and perform risk analysis.
  • Analyze contractors' cost reports and extract required data for management reporting.
  • Prepare and report cost engineering information on a monthly basis and additional ad-hoc reports as required by Management.
  • Provides all cost engineering expertise and coordinates activities as group/unit leader as required in preparation of cost portion of the engineering, procurement and construction contracts.
  • Collects, monitors, analyzes and reports all cost information through the Project Manager.
  • Review and analyze all claims and Change Orders on project contracts.
  • Participate in the negotiation of project contracts as required.
  • Initiates appropriate action when total forecast indicates allocated funds will be exceeded.

About Petroplan

Petroplan is the trusted, specialist global Talent Solutions partner of choice for employers and professionals in the Energy sector. Since 1976, Petroplan has been here to help people like you make the most of the opportunities available and find the best fit for you as an individual.

Over 10,000 placements in more than 55 countries for over 550 clients across 65 disciplines.

In an industry where skilled and experienced professionals are increasingly sought after resource, we appreciate the true value of what you have to offer. What's more, we understand that different things are important to different people in today's world of work - it's about making exactly the right connections for you as an individual.

Our reputation for contractor and candidate care, understanding what makes you tick, and finding you the best match is second-to-none. We understand the industry inside-out and seek to understand YOU and your motivations in the same way. We take the time to evaluate your individual strengths, understand the most important things to you, and establish exactly what you're looking for from your next role.