Workers in Lebanon

Senior Cost Estimation and Control Engineer

  • Location:


  • Sector:

    Oil & Gas

  • Contact:

    Steve Al-Bazy

  • Job ref:


  • Published:

    21 days ago

  • Expiry date:


mselect is looking to hire a Senior Cost Estimation and Control Engineer for an international oil and gas operator in Basrah. Candidates must have a minimum of 7 years of experience with 5 years in the oil and gas industry. Fluency in English is a must.

Job Objectives
  • Perform Cost Control Services including but not limited to those of cost estimating, budget preparation and control, payment document review, cost forecasting, cost reporting and cost risk analysis WP&B preparation and monthly WP&B performance report
  • Assistance on audit from BOC, FPs, and UEG
  • Cost estimation for EPCC projects and LLIs, workshop with BOC/ MoO
  • Unit rate cost and cost index database setup and management

Key Responsibilities
  • To prepare annual Work Program &Budget Plan (WP&B)
  • To prepare and verify the cost estimation for EPCC and LLIs
  • To take part in the commercial evaluation and contract negotiation if required
  • To control budget allocation in compliance with approved WP&B
  • To get cost approval for EPCC and LLIs from MCT (Ministry Cost Team)
  • To check/expedite the invoice and submit payment request to Finance Dept
  • To suggest the payment and invoice submission per Company net cash status
  • Provide cost control and planning advice to the internal PMT team as and when required
  • Provide costing interface to all internal Company departments associated with the project
  • To close contracts payment when all conditions are met
  • To provide assistance on audit, providing explanations, supporting documents, audit issues closeout
  • To advise and supervise PMC staff in budget and cost issues
  • Attend project meetings and discussions with the PMT and external clients
  • Perform project costing related reporting to the team and management’s review on a monthly basis
  • Producing regular cost reports and advising Manager of any forecast cost overruns as soon as possible to allow corrective actions to be taken in a timely manner
  • Producing Highlighting cost areas of concern and suggesting areas of improvement
  • Maintaining comprehensive accessible registers of financial approvals, variations and change orders
  • Liaising with the finance department with regards to establishing monthly evaluation of work done, goods received and services rendered for invoice preparation and verification
  • Ensure that all cost related work is in compliance with procurement contract(s)
  • To take lead to focus on audit from FPs and BOC and coordinate needful resource
  • To carry out other works as advised by managers

  • Budget issue with company’s Planning Dept and finance, audit
  • Team Leaders and Finance Departments for budget and cost issues
  • Contract and Planning for work status and issues to be decide or settled by Manager or higher-level management
  • Communicate with Company’s planning and finance department about WP&B and cost recovery
  • Frequent contacts with GES, EPC Contractors and LLI Vendors. Monitoring the cost payment and invoice submission
  • Regular contacts with PMC
  • Communicate with BOC, FPs about audit issues


Minimum Qualifications:
  • Education in international trade, project management, engineering or economics Proven experience
Minimum Experience:
  • Over 7 years’ experience, about 5 years in oil industry, 3 years’ experience in recent large oil fields projects in Iraq.
  • Demonstrated experience in USD 100 million plus capital projects. 
  • Good knowledge of office software and OA application
  • Fluency in English oral and writing, understanding and spoken
  • Demonstrate strong interpersonal, communication and presentation skills
  • Strong analytical and problem solving skills and meticulous
  • Possess good project background
  • Proactive working style and with team work spirit is essential

*Only applicants meeting the strict criteria outlined above will be contacted as part of the shortlisting process.