Engineer - Cost Estimation

What’s The Role

As a Projects Portfolio Cost Estimator, your role is to develop accurate cost estimates for capital and operational expenditures across all project phases. You’ll translate project scope into detailed estimates, incorporating risk-based contingencies using deterministic and probabilistic methods. Key tasks include scenario analysis, benchmarking, estimate reviews, and alignment with planning teams. You’ll manage estimate documentation, support data collection for future benchmarking, and provide assurance on detailed estimates using actual costs and construction data. The role also involves presenting insights, maintaining estimate records, and driving continuous improvement in cost estimation practices.

What You’ll Be Doing

• 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.
• Formulate methodologies for deriving quantities from design parameters.
• Support project teams on scenario comparisons, uncertainty analysis and sensitivities on cost estimates, reflecting analysis of project risks.
• Support reviews and assurance of cost estimates. Benchmark against historical performance, industry norms and established KPIs.
• Assess prospect scope and develop consistent estimates ranging from Type 0 to Type 4.
• Work with Planning & Cost Engineers to ensure alignment between planning and cost deliverables.
• Arrange Estimate Kick Offs and Estimate Review meetings with the stakeholders.
• Develop Estimate Plan detailing how the estimate will be developed.
• Develop Estimate Basis to document how estimate was developed.
• Support process to collect actual cost performance, condition and normalise data for future use, develop metrics and benchmarking information.
• 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.
• Utilise Technical, Economical, Commercial, Organisational & Political (TECOP) profile to establish appropriate deterministic cost contingency.
• Support development of deterministic cost model and probabilistic cost analysis.
• Support project teams with presentations, dashboards.
• Update SharePoint with Estimates, Benchmark data and relevant data for future reference.
• 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.
• 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.
  
  

What You Bring

• Bachelor’s degree in Engineering and/or Certification as a Cost Estimator or equivalent experience.
• Minimum 2 -10 years of experience in cost estimating positions in the Oil & Gas industry (operating refinery or petrochemicals plants preferred) on small capital projects portfolios.
• Fully versed with Cost Estimating Tools and Methodologies.
• Well versed with ASPEN TECH estimating tool
• Experience in cost risk analysis, preferably with both deterministic and probabilistic methods.
• Experience in sourcing and using benchmark data
• Excellent analytical, oral and written communication skills
• Team player and self-motivated.
• Advance skill level in MS Excel.
• Fully versed with MS Office suite of software (Word, Powerpoint and Outlook)
• Preferred experience in following tools: ASPEN TECH , CCET.
• Preferred experience in Electrical Projects or petrochemicals plant turnarounds.
  
  

What We Offer

You bring your skills and experience to Shell and in return you work with talented, committed people on one of the most important challenges facing our planet. You’ll have the opportunity to develop the skills you need to grow in an environment where we value honesty, integrity, and respect for one another. You’ll be able to balance your priorities as you become the best version of yourself.

• Progress as a person as we work on the energy transition together.
• Continuously grow the transferable skills you need to get ahead.
• Work at the forefront of technology, trends, and practices.
• Collaborate with experienced colleagues with unique expertise.
• Achieve your balance in a values-led culture that encourages you to be the best version of yourself.
• Join an organisation working to become one of the most diverse and inclusive in the world. We strongly encourage applicants of all genders, ages, ethnicities, cultures, abilities, sexual orientation, and life experiences to apply.
• Grow as you progress through diverse career opportunities in national and
• international teams.
• Gain access to a wide range of training and development programmes.