Cost Engineer | Oil&Gas | Saudi Arabia - L1
About this role
Job Description
Job Title: Cost Engineer
Job Code: ESD421
Department: Cost Estimation Section
Industry: Oil & Gas / Engineering Projects
Job Location: Saudi Arabia
Interview Location: Singapore
Job Purpose
The Cost Engineer is responsible for preparing cost estimates, monitoring project budgets, and supporting cost control activities for engineering and construction projects. The role ensures accurate cost forecasting and supports project teams in maintaining financial efficiency throughout the project lifecycle.
Key Responsibilities
Prepare detailed cost estimates for engineering, procurement, and construction projects.
Analyze project scope, materials, labor, and equipment costs to develop accurate project budgets.
Support cost control and budget monitoring during project execution.
Review project plans, drawings, and specifications to determine cost requirements.
Prepare cost reports, forecasts, and variance analysis.
Coordinate with engineering, procurement, and project management teams for cost-related inputs.
Identify opportunities for cost optimization and efficiency improvements.
Ensure compliance with company procedures and industry standards for cost estimation.
Requirements
Education:
Bachelor’s Degree in Engineering, Construction Management, or related field.
Experience:
Minimum 8–10 years of experience in Cost Engineering / Cost Estimation, preferably in Oil & Gas, Petrochemical, or large EPC projects.
Technical Skills
Cost estimation and budgeting
Project cost control and monitoring
Cost analysis and forecasting
Knowledge of EPC project costing
Familiarity with engineering drawings and project specifications