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  • Job reference: RMS0132802

Cost Estimating Engineer

  • Sector: Oil & Gas
  • Location: Reading
  • Job type: Contract
  • Date posted: 23/10/2013
  • Time left:
    d h m s
This vacancy has now expired.
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The Company:
Our client is a major international operator in the oil and gas sector.

The Organisation
We are committed to maximising the exploration and production potential in the North Sea. One of the most active explorers in the North Sea, we’re investing today to help secure supplies for the future. With interests in more than 20 UK Continental Shelf (UKCS) fields, we are one of the most significant exploration and production businesses in the North Sea.

The Role:
Position Summary
This discovery in the Central N Sea is one of the largest undeveloped resources in the UK. It is classified as an ultra HP/HT reservoir with shut in bottom hole pressure of 1175bar and reservoir temperature of 200 deg C. This development will be the first operated uHP/HT development project that the client has undertaken and will have a significant impact on its future business plans.
The Cost Estimating Engineer will support the Lead Cost Estimating engineer in:
• Developing and maintaining Budgets & Forecasts for Select Stage/ Define Stage cost management
• Developing and maintaining the overall Development Estimate to First Production, including the preparation of scenario estimates
• Inputting into contract award processes and monitoring of contractor costs
• Providing cost reporting
• Contributing to the Project Controls community

Key Accountabilities
Cost Estimating:
• Develop & maintain cost estimates for the project in accordance with the client's corporate standards and guidelines
• Liaise with the Project Team including Well Engineering with respect to estimate development
• Support internal and partner project estimate reviews and approvals processes
• Participate in reviews of third-party or sub-contractor estimates
• Participate in cost and schedule risk analyses, using probabilistic techniques
• Participate in the development of a project risk register to provide for identification, mitigation and monitoring of project risks
• Participate in the development and review of key engineering deliverables to ensure appropriateness as input for estimates
• Facilitate third party and sub-contractor cost & estimating efforts through early alignment of expectations and ensuring that the third party / sub-contractor cost & estimating function receives the appropriate support from other project team members
• Liaise with the cost estimating function on cost benchmarking and to ensure a good exchange of cost estimating knowledge, data and lessons learned
• Work with project/ facilities engineers in using pre-sanction cost estimating tools (e.g. brownfield estimating tools, Que$tor)
Cost Engineering:
• Using the client's standard, maintain the project cost break-down structure in coordination with work and organisational structures and accounting processes in liaison with the appropriate functions and managers
• Prepare and operate in-house overall cost control systems and cost data
• Prepare and maintain project cost & estimating procedures, and provide input to other relevant project documentation
• Provide accurate and timely project cost reports, verifying cost performance against plan, and identifying areas of potential budget overrun requiring corrective action
• Input expenditure data for the project monthly report; assist in monthly report preparation and ‘ProSpace’ updating
• Produce and maintain annual budget cost estimates submitted for annual work programme and budget approval cycle in conjunction with the finance function
• Liaise with Project Accountants on Project Capex input into Business Plans
• Ensure lessons learned are fed back to internal project stakeholders for the benefit of future projects

Essential Skills / Qualifications:
• A commitment to the high standards of HSSE that are expected within the organisation
• Technical professional with experience in the oil and gas or petro-chemical industry
• Knowledge of all phases of major oil and gas projects e.g. FEED, EPC, Commissioning, Start-up etc. and experience of the project sanction process
• Proven record in the successful production of all types or classes of cost estimate, from initial screening through, conceptual and final investment decision-grade, for oil and gas projects, preferably in the North Sea environment
• Proven record in the successful cost control of oil and gas projects, including management of contractor performance against these costs
• Some hands-on experience of using proprietary cost estimating tools
• Some experience of working on projects with joint venture partners
• Degree in an Engineering discipline or equivalent (preferred) or to HND or equivalent

Desirable Skills / Qualifications:
• Chartered member of a relevant engineering discipline or equivalent (preferred)
• Excellent communications skills, both written and oral, with the ability to challenge others in a constructive manner and negotiate with internal peers and partner representatives to influence plans
• Good team player with a pro-active and flexible attitude
• Fluent in English
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