Wednesday 20 April 2011

The Oil and Gas Global Salary Guide

Here is the HAYS oil and gas salary report for 2011. You can read it in full here. Here is an excerpt from it;

BY EXPERIENCE
By discipline area
The average global salary for those entering the industry (between
0 and 4 years experience) is between $35,000 and $45,000. This is
not to say there is uniformity between countries, more that there is
little variation between disciplines. Those in marine/naval
engineering appear to gain in worth very quickly. Conversely cost
engineers and piping engineers seem to take some time before their
earnings rise.
At the other end of people’s experience subsea engineers once
again appear at the top of the league table. This is true for both
those with 20 plus years experience, but even more so for those at
10 to 19 years, a reflection of the demand that exists in the market
for deep water engineering experience.
We also note that business development salaries for those with 20+
years experience (and we would have to assume a decent network)
have also risen significantly and now top the table. Again this
mirrors a move by many companies seeking to expand their market
share post the recession. Experienced professionals in drilling and
geoscience continue to attract above average remuneration in line
with last year’s figures.
With a top line salary of only $86,900, those in logistics appear to
have had a tough year. However looking at the data further we are
able to see that tenure has dropped notably, which will reduce this
average at a time when new salaries were at a historical low







In other words, Malaysian earn monthly USD4,183(RM12,550) depending on experience of course in Oil and Gas industry.




And it seems that those involved in deepsea engineering earning the most. Hope this can help to those who are thinking venturing into oil and gas industry.


And below are some of the graphs you may find intresting;





*Source from www.oilandgasjobsearch.com

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