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Rich Rewards In Oil And Gas

Rich Rewards In Oil And Gas
Oil and gas professionals are better paid compared to workers in the majority of other industries, according to a survey by Hays Oil & Gas in partnership with Oil & Gas Job Search. The average oil & gas professional in the UK earns 92,000, compared to a UK salary average of around 25,000. Added to this, over two thirds of employers surveyed are planning to offer salary increases over the next twelve months.
The Hays Oil & Gas Global Salary Guide is based on over 7,000 responses and presents the average salaries of oil and gas professionals working across more than 30 countries and 20 discipline areas. The results prove that oil and gas professionals have remained a valuable commodity despite the global financial crisis. Currently across the UK demand for oil & gas professionals is increasing and in London there is high demand for senior level exploration geophysicists and reservoir engineers.
Eliot Davies, Director at Hays Oil & Gas, explains: With an average permanent salary in the UK nearly four times as much as the average UK employee, oil and gas professionals are earning a premium. Although the UK isnt in the top five highest paying countries Australia, USA, Azerbaijan, Canada and the Netherlands pay their oil & gas professionals the highest sums, it is an attractive option for candidates. Oil and gas is truly a global industry, with professionals migrating around the world in search of the next project, and our survey clearly confirms this. Professionals in the industry are well paid, highly skilled and highly mobile, continues Davies.
When Hays requested Oil and Gas Job Searchs assistance with the survey, it was with a great deal of excitement that we accepted the challenge, said Duncan Freer, Managing Director of Oil and Gas Job Search. Our reach, along with Hays expertise in compiling such studies, gives us confidence that the guide is an accurate reflection of the industry we work in.
Highlights of survey results:
         Average permanent salary globally is 50,000
         Average contract salary for local professionals globally is 63,000
         Those working within subsea/pipelines are the big winners, earning a global average of 72,000 per annum


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