Engineer - Cost Estimation

Overview

Develop accurate cost estimates for capital and operational expenditures across project phases.

Key Responsibilities

• cost estimation
• risk analysis
• benchmarking
• cost modeling
• estimate review
• data management

Tasks

-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. -Work with Planning & Cost Engineers to ensure alignment between planning and cost deliverables. -Support project teams on scenario comparisons, uncertainty analysis and sensitivities on cost estimates, reflecting analysis of project risks. -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. -Develop Estimate Basis to document how estimate was developed. -Utilise Technical, Economical, Commercial, Organisational & Political (TECOP) profile to establish appropriate deterministic cost contingency. -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. -Assess prospect scope and develop consistent estimates ranging from Type 0 to Type 4. -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. -Support project teams with presentations, dashboards. -Support development of deterministic cost model and probabilistic cost analysis. -Formulate methodologies for deriving quantities from design parameters. -Support process to collect actual cost performance, condition and normalise data for future use, develop metrics and benchmarking information. -Arrange Estimate Kick Offs and Estimate Review meetings with the stakeholders. -Update SharePoint with Estimates, Benchmark data and relevant data for future reference. -Continuously grow the transferable skills you need to get ahead. -Support reviews and assurance of cost estimates. Benchmark against historical performance, industry norms and established KPIs. -Develop Estimate Plan detailing how the estimate will be developed.

Requirements

• cost estimating
• aspen tech
• ms excel
• bachelor's
• 5-10 yrs
• oil & gas

What You Bring

-Fully versed with Cost Estimating Tools and Methodologies. -Bachelor’s degree in Engineering and/or Certification as a Cost Estimator or equivalent experience. -Preferred experience in Electrical Projects or petrochemicals plant turnarounds. -Well versed with ASPEN TECH estimating tool -Experience in sourcing and using benchmark data -Fully versed with MS Office suite of software (Word, Powerpoint and Outlook) -Preferred experience in following tools: ASPEN TECH , CCET. -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. -Excellent analytical, oral and written communication skills -Advance skill level in MS Excel. -Experience in cost risk analysis, preferably with both deterministic and probabilistic methods.

People Also Searched For

Benefits

-Gain access to a wide range of training and development programmes. -We’re creating a space where people with disabilities can excel through transparent recruitment process, workplace adjustments and ongoing support in their roles. Feel free to let us know about your circumstances when you apply, and we’ll take it from there. -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.

Sector Specialisms