The Role
The is an exciting opportunity for a Lead Cost Estimation Engineer with experience leading and overseeing all cost estimation activities within the Project Management Consultancy (PMC) team for ADNOC or similar projects for high profile clients.
Our Clients and Projects
Designing the future. Transforming the world.
Wood's Oil, Gas & New Energies business is built on a strong legacy of delivering large and complex projects for national and international energy companies across the globe. We have experienced teams, a proven delivery model and a strong reputation.
We are the market-leading provider of integrated and innovative solutions that challenge the status-quo in the oil and gas upstream and midstream, onshore and offshore, gas to liquids and decarbonization and electrification markets. We pride ourselves in steady and predictable delivery, setting our sights on an exciting growth trajectory.
Energy security, transition and supply have never been more important. You, our enabling teams, are at the very forefront of transformative projects that are providing sustainable power to generations to come. We are the ones to bring low-carbon concepts to reality.
What we can offer
- Meaningful and interesting projects: Delivered to high profile clients across the Energy Sector
- Commitment to Diversity and Inclusion: We are an organization actively committed to diversity and inclusion across our business
- Competitive remuneration package: With regular reviews to ensure we are rewarding at the right level in line with the market
- Medical Insurance: Ensures inpatient, and outpatient medical care is available should you require treatment
- Group Life and Personal Accident Insurance: The company provides Life Assurance cover
- End of Service Gratuity: In line with UAE Labor Law, all employees are eligible for an End of Service benefit
- The Employee Share Plan: Gives you the opportunity to purchase Wood shares and receive a match from the company
- Long Service Award: Wood values the commitment and loyalty of our people. Celebrating Long Service provides an opportunity for the business to demonstrate their appreciation of the hard work, dedication and many years’ services of our employees at 5-year service milestones
- Commitment to continued professional development: Development plans that are tailored to your individual needs and interests
- Global connections: Join experts around the world who are at the leading edge of our industry, shaping the standards of our profession
- Energy Transition Academy: Join a community of experts sharing your knowledge and gaining more exposure to a variety of existing and emerging energy systems – delivered by experts in their field
Job Objective
To ensure the development, review, validation, and management of accurate, comprehensive, and competitive project cost estimates for ADNOC projects, covering all phases from conceptual design and feasibility through FEED, detailed engineering, procurement, construction, and commissioning. The role aims to provide effective cost control inputs, identify cost optimization opportunities, assess cost risks and uncertainties, and support informed decision-making to achieve project cost objectives while ensuring compliance with ADNOC requirements, approved project procedures, and international cost engineering practices.
- Lead, coordinate, and manage all cost estimation activities within the PMC organization for ADNOC projects across various project phases.
- Review and validate cost estimates prepared by EPC contractors, engineering consultants, and other project stakeholders to ensure accuracy, completeness, consistency, and compliance with project requirements.
- Develop and maintain project cost estimates, including CAPEX, engineering, procurement, construction, installation, commissioning, indirect costs, contingency, and escalation.
- Ensure estimates are developed in accordance with ADNOC standards, project specifications, approved procedures, and recognized international cost engineering practices.
- Review project scope, design basis, engineering deliverables, material take-offs, bills of quantities, equipment lists, and other technical inputs to establish reliable cost estimates.
- Establish and maintain appropriate estimating methodologies, norms, productivity rates, cost databases, benchmarks, and historical cost information.
- Prepare and review cost estimates at different project stages, including conceptual, feasibility, budgetary, preliminary, definitive, and detailed estimates.
- Assess contractor and subcontractor cost proposals, pricing breakdowns, resource rates, quotations, and commercial assumptions.
- Coordinate with engineering, procurement, construction, planning, project controls, and contracts teams to ensure consistency of technical and commercial inputs in cost estimates.
- Conduct cost benchmarking against similar ADNOC and international oil and gas projects to validate estimate assumptions and identify cost improvement opportunities.
- Perform cost risk assessments, sensitivity analysis, contingency evaluations, and escalation assessments to establish realistic project cost provisions.
- Identify potential cost-saving opportunities, value engineering initiatives, alternative technical solutions, and cost optimization measures without compromising safety, quality, or project requirements.
- Monitor changes in project scope, design development, market conditions, and procurement strategies and assess their impact on project cost estimates.
- Provide independent cost assurance and challenge estimates submitted by EPC contractors and other project stakeholders.
- Prepare and present cost estimate reports, basis of estimates, cost breakdown structures, assumptions, exclusions, qualifications, and supporting documentation for management and ADNOC review.
- Support project sanctioning, budget approval, funding reviews, tendering, contract negotiations, and project cost benchmarking activities.
- Ensure appropriate alignment between cost estimates, project schedules, procurement strategies, construction methodologies, and execution plans.
- Lead and mentor cost estimation engineers and specialists, ensuring the quality and timely delivery of estimation activities.
- Participate in project review meetings, technical evaluations, risk workshops, value engineering sessions, and cost optimization meetings.
- Ensure all estimating deliverables are properly documented, reviewed, controlled, and submitted within agreed project schedules.
- Provide professional cost engineering advice to the PMC Project Manager and ADNOC stakeholders on estimate maturity, cost exposure, uncertainties, and potential financial risks.
What makes you remarkable?
At Wood, we are committed to equal opportunities and welcome all talented individuals to consider joining our team. So even if you don't match every statement below but feel you have some of the experience, knowledge or skills needed for this role, we encourage you to apply. It will take all of us working together to deliver solutions to the world’s most critical challenges.
Expected:
- Bachelor's degree in Engineering, preferably in Mechanical, Civil, Electrical, Chemical, or a related discipline, from a recognized university.
- Minimum 15 years of relevant experience in cost estimation and cost engineering within the oil and gas, petrochemical, or energy industries.
- At least 5 years of experience in a lead or senior cost estimation engineering position, preferably within a PMC or consultancy environment.
- Proven experience working on major upstream, downstream, offshore, onshore, pipeline, refinery, gas processing, or petrochemical projects.
- Demonstrated experience in preparing, reviewing, validating, and benchmarking CAPEX estimates across conceptual, FEED, and EPC project phases.
- Strong working knowledge of ADNOC standards, specifications, project procedures, and cost estimation requirements is highly desirable.
- Extensive knowledge of cost estimation methodologies, including factored, parametric, unit-rate, quantity-based, and detailed bottom-up estimating techniques.
- Sound understanding of engineering, procurement, construction, installation, commissioning, and project execution methodologies.
- Proven experience in reviewing EPC contractor estimates, commercial proposals, cost breakdowns, and supporting estimation documentation.
- Strong knowledge of cost databases, market rates, productivity norms, material pricing, equipment costs, indirect costs, contingency, and escalation factors.
- Familiarity with cost estimation and project controls software and tools, including Microsoft Excel and relevant estimating applications.
- Strong analytical, numerical, problem-solving, reporting, and presentation skills.
- Excellent communication and stakeholder management skills, with the ability to interface effectively with ADNOC representatives, PMC teams, EPC contractors, and other project stakeholders.
- Ability to lead multidisciplinary teams, manage competing priorities, and deliver high-quality estimation outputs within demanding project schedules.
- Professional certification such as AACE Certified Cost Professional (CCP) or equivalent is an advantage.
