Marco Formisano

Infrastructure & Energy Finance | Capital Performance & Project Controls | Large-scale Industrial Investments ($1B+) | CCP® | Aramco

Dhahran, Saudi Arabia

About

CCP® certified Chemical Engineer with 15+ years of experience in mega-projects (>$1B) across the Oil & Gas and Nuclear sectors. Currently at ARAMCO. I specialize in the financial governance of complex EPC projects, bridging the gap between technical engineering and business profitability. CORE COMPETENCIES: ▪️ COST ENGINEERING: AACE Framework, Budgeting & Forecasting (NPV/IRR). ▪️ CLAIM MANAGEMENT: Successfully supported negotiations for >$50MM. ▪️ PROJECT CONTROLS: Lead experience in Refineries, Gas Fields, and Nuclear equipment manufacturing (ITER). ▪️ STRATEGIC PLANNING: Risk Mitigation (ERM) and Sustainability Management. Track record of optimizing project performance through data-driven decision-making and rigorous analytical standards. SPECIALTIES: Cost Engineering | Claim Management | Project Controls | EPC Projects | Risk Mitigation | Sustainability in Energy.

Experience

  • Cost Engineer at aramco

    ▪ Cost Engineering for Large (>$1B) Capital Projects, including Estimates, Forecasts, Cash-Flow, NPV/IRR for new initiatives. ▪ Risk Management (ERM), with focus on Cost Impacts

  • Lead Cost Control Engineer at Westinghouse Electric Company

    ▪ Cost Control activities for major Nuclear manufacturing projects: ITER Project (Contract Price: > 100 M EUR; Client: F4E - Fusion for Energy), Replacement Steam Generators (Contract Price: > 100 M EUR; Client: EDF Électricité de France S.A.) ▪ Cost Control activities for Oil & Gas portfolio (Clients: Chevron, Saipem, Phillips 66) ▪ Led the restructuring of Cost Control processes and standards of Production Site

  • Cost & Claim Manager at KT - Kinetics Technology

    ▪ Quantitative analysis for Contract Amendment Negotiation process with Clients (Claimed amounts >$50MM). ▪ Statistical Analysis of cost drivers for KT’s projects Portfolio. ▪ Cost Forecasting for major EPC Projects.

  • Project Engineer at KT - Kinetics Technology S.p.A.

    ▪ Coordinated cross-functional engineering teams (Civil, Process, Electrical, Instrumentation, Piping, Pressure Vessels and Machinery) for Zohr EPC Project (Client: ENI/Petrobel, Contract Price: ~100 M EUR) ▪ Acted as focal point for coordination with Project Controls (Planning & Cost Control) and Contract Management

  • Cost Control Engineer at KT - Kinetics Technology S.p.A.

    ▪ Planning & Cost Control for large EPC Projects (>$100MM). ▪ Budgeting and Forecasting of costs for the whole Cost Breakdown Structure of Projects (Engineering Manhours, Third Party Services, Material Supply and Transportation, Site Supervision, Construction Subcontracts, Miscellaneous / G&A) ▪ Preparation of Production Costs Curves and Cash-Flow Curves ▪ Monthly Reporting ▪ Estimated preliminary cost, Contract Price adjustment and Schedule impact of Potential Changes (Value range: 100 kEUR up to 10 M EUR)

  • Process Engineer at KT - Kinetics Technology S.p.A.

    ▪ Process Lead Engineer for conceptual and detailed design of Refineries and Gas Field Units, coaching fresh graduates in entry level positions ▪ Acted as KT representative during official meetings with Clients, Design Reviews, Site Surveys, Plants Start-up and Performance Test Runs ▪ Cooperation with Sales & Proposal Department for analysing Process Specifications during Invitation to Bid (EPC Projects) or Request for Proposal (Basic Design or FEED) phases ▪ Analysed Bidder Proposals, Prepared Bid Tabulations and Technical Bid Evaluation reports for Process Material Requisitions (Catalysts, Chemicals)