Engineer - Cost Estimation

Overview

Develop accurate cost estimates for capital/operational projects across phases.

Key Responsibilities

• cost estimation
• benchmarking
• risk analysis
• cost modeling
• data management
• stakeholder coordination

Tasks

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

Requirements

• ms excel
• aspen tech
• cost estimating
• 5-10 yrs
• engineering degree
• communication

What You Bring

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