| Petroleum Engineer Consultant (Cost Estimation)
Client serves the oil & gas industry in developing reservoir-driven solutions covering the full asset life cycle, from the earliest phases of project development through abandonment. Our global teams in Aberdeen, London, Delft, Dubai, Singapore, Kuala Lumpur, Perth, Calgary, Buenos Aires, and Houston work diligently to find and maximize reserves; increase production rates and recovery factors; select, define, execute field development plans and analyze acquisition and divestiture options.
ABC Corp, a global consultancy within the Reservoir Development Services organization, offers technical, commercial and strategic advice to the petroleum sector. The company’s expertise is the business of petroleum, reflecting an unparalleled track record in:
• Exploration, development and production evaluation and operations
• Field development and rehabilitation
• Reserves and resources reporting requirements or statutory reporting or financing purposes
• Due diligence property evaluation and valuation for acquisition, divestiture or dispute resolution
• Midstream and downstream facilities and economic evaluation
• Advice to Sovereigns on petroleum licensing, depletion and fiscal policy and maximizing resource potential
ABC Corp is quickly expanding its global operations and is now seeking talented and motivated professionals to join our dynamic organization.]
Main Role:
• Provide expert advice, guidance, technical support and capability development to the Group in managing project cost performance for capital project implementation to achieve high-level quality and integrity of project cost engineering performance within the industry standards and best practices.
• Responsible for the implementation of cost validation systems/ tools and standards that comply with company and industrial requirements and recommend enhancements as appropriate.
Cost Estimating/Validation
• Evaluate, establish and implement the required approach and methodology in undertaking cost estimating/verification/validation of projects through detail assessment and review overall cost estimate basis, estimate methodologies, engineering documents and basis, WBS and detail project schedules.
• Provide guidance and coaching to sub teams in performing cost validation tasks for projects through implementation of systematic guidelines and procedures.
Cost Forecasting
• Integrate and establish high level awareness in Industry benchmarking of best practices through regular involvement with leading forecasting bodies e.g. CERA (Cambridge Energy and Research Association), IPA (Independent Project Analysis) and incorporate applications of CEC (Cost Engineering Committee) metrics for both upstream and downstream projects; in improving project Cost delivery and predictability capability within the group to be at par to industry's practices.
Cost Risk Analysis
• Design, facilitate and recommend the Cost Risk Analysis framework through identifications of risk factors/drivers and assigning of risk loading through the risk dependency matrix across cost estimate components and undertaking Monte Carlo simulation in identifying and recommending overall contingency estimate at required probabilities.
Integrated Schedule and Cost Risk Analysis
• Design, facilitate and recommend the Integrated QRA framework for Cost/Schedule through identifications of risk factors/drivers and assigning of risk impact ranges to the identified cost components in identifying overall risk probabilities.
Education/Experience/Training:
• Bachelor's Degree in Petroleum Engineering or equivalent with minimum 12years relevant work experience or Master's Degree with minimum 11 years relevant work experience or PhD with minimum 10 years relevant work experience.
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