Senior Cost Estimation Engineer

Position: Senior Cost Estimation Engineer

Project: PMC

Penspen is a leading energy services company, providing engineering, project management, asset management and integrity services to the energy industry worldwide for over 65+ years. Originally founded in the UK in 1954 as Spencer & Partners, the company has now grown to include almost 1,000 members of staff, with major offices in London, Mexico, Colombia Houston and Abu Dhabi. ( https://www.penspen.com)

We are seeking an experienced PMC Cost Estimation Engineer with a strong background in mega Oil & Gas EPC projects to manage cost estimation, cost control, and invoicing activities. The ideal candidate will have hands-on experience with SAP systems and a strong understanding of ADNOC PMC/client processes.

Responsibilities

• Prepare and review cost estimates for EPC projects, ensuring accuracy and compliance with company and client standards.
• Monitor project cost control, track budgets, and provide variance analysis to project management.
• Manage invoicing and payment processes, ensuring timely and accurate submissions.
• Maintain and update project financial records and cost reports using SAP or equivalent tools.
• Coordinate with project teams, contractors, and vendors to ensure cost data integrity and adherence to project financial targets.
• Support project management in budget forecasting, cash flow tracking, and financial reporting.
• Provide input to tendering and procurement processes from a cost perspective.
• Ensure compliance with ADNOC PMC/client cost procedures and reporting requirements.
  
  

• Bachelor’s degree in Engineering .
• Total 15 years of experience in for oil & gas or LNG projects .
• Proven experience in mega Oil & Gas EPC projects .
• Hands-on experience with Cost Estimation, Cost Control, and Invoicing .
• Experience working with SAP systems for cost tracking and reporting.
• ADNOC PMC/client experience is highly preferred.
• Strong analytical, organizational, and communication skills .