Petroleum Development Oman is the leading exploration and production company in the Sultanate of Oman. The Company delivers the majority of the country's crude oil production and natural gas supply
To deliver and maintain standard, consistent and realistic cost estimates reflecting the assessed risk parameters for each project.
* Engineering Degree and Certification as a Cost Estimator or equivalent experience.* A minimum 4 years' experience in cost estimating in Oil & Gas.* High analytical, oral and written communication skills. * Fully versed with Cost Estimating principles, techniques and industry standard tools.* Good leadership and communication skills
• Methodologies and tools for Cost Estimates- Utilise cost methodologies and tools to produce cost estimates. Incorporate project complexity factors into project estimates and assemble key input data such as project objectives, scope and economic analysis. Formulate and validate methodologies for deriving quantities from design parameters. Perform uncertainty analysis and sensitivities on cost estimates, reflecting analysis of project risks. • Assess prospect scope and main components to develop consistent "building block" estimates (Type-2) for each concept under consideration. Utilise Technical, Economical, Commercial, Organisational & Political (TECOP) profile to establish appropriate deterministic cost contingency.• Translate the identified project scope and engineering deliverables into the estimate of capital expenditure costs for design, procurement, construction, installation, commissioning and start-up of the hardware elements (Type-3). Estimate composed of detailed MTOs matched with detailed pricing and construction unit hours. Identify areas of uncertainty and apply appropriate allowances.• Development of detailed project cost estimate (Type-4). Incorporation of project actuals to date and detailed MTOs matched with detailed pricing and construction unit hours for to-go costs.• Develop Estimate Basis to document how estimate was developed.• Provide input to Probabilistic Cost & Schedule Risk Analysis• Manage Estimating Data- Collect actual cost performance, condition and normalise data for future use, develop metrics and benchmarking information.• Implement and utilise the PDO standard tools and processes.
