Engineer - Cost Estimation

Overview

Create and validate detailed cost estimates and contingencies for oil & gas project portfolios.

Key Responsibilities

• estimate planning
• benchmarking
• cost modeling
• uncertainty analysis
• sharepoint updates
• stakeholder meetings

Tasks

-Develop Estimate Basis to document how estimate was developed. -Develop Estimate Plan detailing how the estimate will be developed. -Continuously grow the transferable skills you need to get ahead. -Work with Planning & Cost Engineers to ensure alignment between planning and cost deliverables. -Formulate methodologies for deriving quantities from design parameters. -Develop benchmarking packages at appropriate level to check estimate results from top down versus both internal and external comparable data. Work with IPA forms and reports to understand comparison of Shell projects to industry datasets. -Support reviews and assurance of cost estimates. Benchmark against historical performance, industry norms and established KPIs. -The Projects Portfolio Cost Estimator scope involves the translation of Project scope into the estimate of capital and operational expenditure cost during the project phases (Identify, Assess, Select, Define and Execute). The estimates completed by the cost estimator not only cover the costs associated with the engineering, procurement, construction, implementation commissioning and start-up but also address the translation of the project risk profile into cost contingency via deterministic and probabilistic methods, the potential effect of market movements over the project timescale, and the complete suite of “Owners Costs” that Shell will experience. -Update SharePoint with Estimates, Benchmark data and relevant data for future reference. -Assess prospect scope and develop consistent estimates ranging from Type 0 to Type 4. -Support process to collect actual cost performance, condition and normalise data for future use, develop metrics and benchmarking information. -Perform uncertainty analysis and sensitivities on cost estimates, reflecting analysis of project risks. Utilize appropriate deterministic or probabilistic risk assessment tools to develop the appropriate cost contingencies. -Support project teams on scenario comparisons, uncertainty analysis and sensitivities on cost estimates, reflecting analysis of project risks. -Support project teams with presentations, dashboards. -Support development of deterministic cost model and probabilistic cost analysis. -Arrange Estimate Kick Offs and Estimate Review meetings with the stakeholders. -Utilise Technical, Economical, Commercial, Organisational & Political (TECOP) profile to establish appropriate deterministic cost contingency. -Provide assurance and challenge, as needed, on detailed project cost estimates (Type 4). Incorporate project actual costs to date and detailed MTOs from IFC (Issue For Construction) design packages matched with detailed pricing and construction unit hours to establish remaining project costs.

Requirements

• aspentech
• ccet
• cost estimating
• ms excel
• engineering degree
• cost risk

What You Bring

-Excellent analytical, oral and written communication skills -Preferred experience in following tools: ASPEN TECH , CCET. -Preferred experience in Electrical Projects or petrochemicals plant turnarounds. -Fully versed with MS Office suite of software (Word, Powerpoint and Outlook) -Experience in sourcing and using benchmark data -Minimum 5-10 years of experience in cost estimating positions in the Oil & Gas industry (operating refinery or petrochemicals plants preferred) on small capital projects portfolios. -Fully versed with Cost Estimating Tools and Methodologies. -Bachelor’s degree in Engineering and/or Certification as a Cost Estimator or equivalent experience. -Advance skill level in MS Excel. -Experience in cost risk analysis, preferably with both deterministic and probabilistic methods. -Well versed with ASPEN TECH estimating tool

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Benefits

-Gain access to a wide range of training and development programmes. -Grow as you progress through diverse career opportunities in national and

About Shell

-Evolved from a merger of two companies, becoming a global energy leader. -Typically involves deep-water oil and gas projects, large-scale LNG, and EV infrastructure. -Organized into key business units, bridging traditional and emerging energy solutions. -Blends traditional fuels with renewable energy sources to diversify offerings. -Strategic pivots include doubling oil and gas production while scaling back some renewables. -Known for bold moves like sponsoring top sports teams and expanding into new markets.

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