Aramco energizes the world economy.

Aramco occupies a unique position in the global energy industry. We are the world's largest producer of hydrocarbons (oil and gas), with the lowest upstream carbon intensity of any major producer. 

With our significant investment in technology and infrastructure, we strive to maximize the value of the energy we produce for the world along with a commitment to enhance Aramco’s value to society.

Headquartered in the Kingdom of Saudi Arabia, and with offices around the world, we combine market discipline with a generations’ spanning view of the future, born of our nine decades experience as responsible stewards of the Kingdom’s vast hydrocarbon resources. This responsibility has driven us to deliver significant societal and economic benefits to not just the Kingdom, but also to a vast number of communities, economies, and countries that rely on the vital and reliable energy that we supply.

We are one of the most profitable companies in the world, as well as amongst the top five global companies by market capitalization.

Overview

We are seeking a Cost Engineer to join the Capital Program Management Division of Southern Area Oil Operations.

The Capital Program Management Division is responsible and accountable for the delivery of best in class capital projects assigned to department. The Project Management Team is directly involved in executing and managing assigned projects safely, on schedule, within budget and to the highest standards of integrity and compliance.

The Cost Engineer primary role is to prepare, control and monitor the cost portion of the capital projects during its’ life cycle.

Key Responsibilities

You will be required to perform the following:

• Provide cost analysis, controls and report activities for Capital projects. 
• Provide input and recommendations for cost engineering requirements relative to 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.
• Provide all cost engineering expertise and coordinates activities as required in preparation of cost portion of the engineering, procurement and construction contracts.
• Collect, monitor, analyze and report all cost information.
• Review and analyze all claims and Change Orders on project contracts.
• Participate in the negotiation of project contracts as required.

Mionimum Requirements

As the successful candidate you will hold a Bachelor’s degree in Engineering from a recognized and approved program.

You will have a minimum of fifteen 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.

Working environment

Our high-performing employees are drawn by the challenging and rewarding professional, technical and industrial opportunities we offer, and are remunerated accordingly.

At Aramco, our people work on truly world-scale projects, supported by investment in capital and technology that is second to none. And because, as a global energy company, we are faced with addressing some of the world’s biggest technical, logistical and environmental challenges, we invest heavily in talent development.

We have a proud history of educating and training our workforce over many decades. Employees at all levels are encouraged to improve their sector-specific knowledge and competencies through our workforce development programs – one of the largest in the world.