Africas growing energy sector now offers more top paying jobs than Middle East
Von Essen says that a growing number of oil and gas jobs offering more than £100,000 per annum are being created by increased exploration and extraction activity in Africa, not just in well-established centres in Northern Africa and Nigeria, but increasingly also in Kenya, Ghana, Tanzania, Niger, Uganda, Mozambique, and Angola.
Von Essen explains that the business environment in many African countries has been improving, encouraging greater external investment. Ghana, Niger, Uganda and Kenya are now able to produce more than 100,000 barrels of oil a day.
Nigeria is estimated to be the world’s tenth most oil-rich nation and one of the few oil producers that has not yet hit peak production. Nearly all of the country’s reserves are found in the delta of the Niger River where there are approximately 160 oil fields and 1480 wells in operation.
Angola has also become a leading producer of oil, becoming a member of OPEC in 2007 and is the third largest Sub-Sahara African trading partner with the USA, largely because of its petroleum exports.
Von Essen adds that Africa is now second only to Europe for the number of highly paid roles advertised for top UK oil and gas industry professionals.
Lydia Marref, partner at Von Essen, commented, “The fact that Africa now offers the second largest pool of high paying jobs in the energy sector is a very significant milestone. Africa has become increasingly attractive to international exploration companies and investors as it has become easier to access oil reserves and the continent has made great strides in becoming more business friendly.”
“It is likely that in the future, oil and gas companies drilling in Africa will require more consultants as new reserves are found.”
41% of the top paying advertised roles in oil and gas are in Europe, reflecting continued North Sea oil operations and widening exploration in the UK, Poland and Romania for shale gas which can be extracted through fracking.
Marref adds, “With the most highly paid roles concentrated in Europe, there are plenty of attractive opportunities close to home. However, consultants shouldn’t overlook the fact that there are other regions also offering high pay, interesting work, and great opportunities for career progression.
“Our advice is that consultants should choose the best and most rewarding environments for them personally. Depending on what the consultant is looking for, and what stage they are at in their career, the best next step might not be an obvious choice and they could opt for a particular region because of the type of work available there. What is very important is to have access to all the relevant information and advice to make the right choice.”