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Industry guide on remuneration Nigerian Oil & Gas Salary Survey Overview of 2014, expectations for

Industry guide on remuneration

Industry guide on remuneration Nigerian Oil & Gas Salary Survey Overview of 2014, expectations for 2015

Nigerian Oil & Gas Salary Survey

Overview of 2014, expectations for 2015

Summary of Survey

 
 

Respondents

 
 
 

Total Disciplines

 

4000

23

Sectors

E & P, EPC, Subsea, and Oil Servicing

Respondents     Total Disciplines   4000 23 Sectors E & P, EPC, Subsea, and Oil
Overview Energi Talent Resourcing has prepared the Nigeria Oil & Gas Salary Guide to provide
Overview Energi Talent Resourcing has prepared the Nigeria Oil & Gas Salary Guide to provide
Overview Energi Talent Resourcing has prepared the Nigeria Oil & Gas Salary Guide to provide

Overview

Energi Talent Resourcing has prepared the Nigeria Oil & Gas Salary Guide to provide in-depth analysis and valuable insight into salaries currently being offered to candidates as well as a brief job description of each position.

Our sincere thanks go to all the clients/candidates who took time out of their schedules to participate, the end result being the assembly of verified data, useful as a guide or benchmark, which can be referenced by employees and employers alike.

2014 saw crude oil price remain relatively stable at $108 on average across Q1-Q3 with a severe decline in

saw prices fall to $54 per barrel. Nigerian domestic production also showed a slight increase

from 2.14 mbd [2013] to 2.23 mbd [2014] average across Q1-Q4, with stable production sustaining

growth in recruitment and allowed for movement of professionals.

Q4 which

On average, companies in the Oil & Gas sector continued to rely less on expatriate workers in 2014 and instead focused more on identifying and recruiting qualified Nigerian talent from the local and international talent pool. We predict that this trend will continue into 2015 as local content requirements coupled with cost reduction initiates will see more expatriates being replaced by qualified Nigerians.

Industry Guide On Renumeration

by qualified Nigerians. Industry Guide On Renumeration About Energi Talent Resourcing Energi Talent Resourcing

About Energi Talent Resourcing

Energi Talent Resourcing are a specialist technical recruitment partner to the whole of the Oil & Gas and Power sector; finding and placing market-leading talent.

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Average Annual Salary by Area of Discipline Discipline Entry/Intermediate (N) Senior/Manager (N)

Average Annual Salary by Area of Discipline

Discipline

Entry/Intermediate (N)

Senior/Manager (N)

Commercial/Business Development

4,500,000

9,000,000

Construction/Installation

6,200,000

12,300,000

Commissioning

5,400,000

11,400,000

Drilling

16,388,000

23,750,000

Electrical

5,750,000

10,750,000

Cost Engineer/Estimator

4,900,000

15,750,000

Geoscience

14,500,000

29,750,000

HSE

6,300,000

10,800,000

Instrumentation, Controls & Automation

5,000,000

9,500,000

Logistics

4,000,000

7,000,000

Marine

3,900,000

8,800,000

Mechanical

6,250,000

11,000,000

Piping/Pipeline

4,500,000

9,000,000

Process Engineering

4,200,000

9,750,000

Production Engineer/Management

12,625,000

21,500,000

Project Control/Management

8,500,000

15,600,000

QA/QC

5,700,000

12,000,000

Petroleum/Reservoir Engineering

14,500,000

28,000,000

Structural Engineering

5,000,000

12,000,000

Subsea Engineering

7,200,000

11,400,000

Procurement/Supply chain

5,850,000

14,900,00

Technical/Process Safety

5,400,000

12,000,000

Admin/Support

6,875,000

15,700,000

Industry Average

7,106,000

13,943,182

   

The summary of the data shows Drilling, Geosciences, Production management and Petroleum/Reservoir engineering as the highest paying disciplines in the Nigerian Oil & Gas sector. These disciplines form the core of the industry and require highly specialized professionals with skill sets that are integral to production and can have direct impact on production figures. Other high paying disciplines include project management/controls and cost estimators.

Industry Guide On Renumeration

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Average Expatriate Contractor Day Rates USD 1176 Naira Equivalent 194,288 Average Local Contractor Day Rates

Average Expatriate Contractor Day Rates

Average Expatriate Contractor Day Rates USD 1176 Naira Equivalent 194,288 Average Local Contractor Day Rates Naira
Average Expatriate Contractor Day Rates USD 1176 Naira Equivalent 194,288 Average Local Contractor Day Rates Naira

USD

1176

Average Expatriate Contractor Day Rates USD 1176 Naira Equivalent 194,288 Average Local Contractor Day Rates Naira
Average Expatriate Contractor Day Rates USD 1176 Naira Equivalent 194,288 Average Local Contractor Day Rates Naira

Naira Equivalent

194,288

Average Local Contractor Day Rates

Naira Equivalent 194,288 Average Local Contractor Day Rates Naira Equivalent 37,815 USD 207 *all conversions from
Naira Equivalent 194,288 Average Local Contractor Day Rates Naira Equivalent 37,815 USD 207 *all conversions from

Naira Equivalent

37,815

Average Local Contractor Day Rates Naira Equivalent 37,815 USD 207 *all conversions from Naira to USD
Average Local Contractor Day Rates Naira Equivalent 37,815 USD 207 *all conversions from Naira to USD

USD

207

*all conversions from Naira to USD and vice versa have been adjusted to reflect current exchange rates of N182 to 1USD as at 8th January, 2015.

Naira to USD and vice versa have been adjusted to reflect current exchange rates of N182
Average Net Day Rates for Local Contractors across Multiple Disciplines Job Title USD Naira Equivalent

Average Net Day Rates for Local Contractors across Multiple Disciplines

Job Title

USD

Naira Equivalent

Project Coordinator

431

78,493

Project Controls Engineer

137

25,000

Project Quality Manager

335

61,000

Project Account

181

33,000

Project Engineer

252

45,933

QIT SSHE Project Advisor

439

80,000

Construction Supervisor

219

40,000

Site Safety Advisor

120

22,000

Planning Engineer

247

45,000

Methods Engineer

83

15,235

Completions Engineer

192

35,000

Design Engineer

186

34,000

Mechanical Engineer

219

39,999

Structural Engineer

203

37,000

Electrical Engineer

263

48,000

Process Engineer

225

41,000

Contracts Engineer

102

18,625

Document Control

192

35,000

QC Coordinator

154

28,117

Buyer

96

17,628

Piping Inspector

219

40,000

Subsea Material Coordinator

144

26,355

Radio Operator

111

20,283

Rigger

72

13,108

HUC Coordinator

170

31,000

The contractor day rates shown here is a representation of average day rates paid across several oil majors and indigenous independents, showing uniformity with very slight deviations between organizations.

Industry Guide On Renumeration

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Average Net Day Rates for Expatriate Contractors across Multiple Disciplines Job Title USD Naira Equivalent

Average Net Day Rates for Expatriate Contractors across Multiple Disciplines

Job Title

USD

Naira Equivalent

Rotating Equipment Engineer

750

136,500

Completions Engineer

1,220

222,040

Construction Site Leader

884

160,888

Terminal Leader

472

85,995

Systems Completions Lead

641

116,707

I & E Advisor

600

109,200

Instrucment Advisor

750

136,500

Instrument Technician

1,400

254,800

Service Panel Operator

900

163,800

Rotating Equipment Engineer

545

99,358.71

Geologist

750

136,500

Senior Surveyor

1,167

212,394

Security Consultant

1,000

182,000

QA/QC Inspector

890

161,980

Planning Engineer

820

149,240

Principal Process Engineer

548

99,819

Project Cost Controller

1,148

208,948

Planning Engineer

415

75,530

Inspection Execution Lead

569

103,655

Operational Procurement Manager

3,150

573,300

Offshore Superintendent

1,344

244,608

Construction Supervisor

624

113,568

Instrument Advisor

1,440

262,080

Project Control/Planning Advisor

1,461

265,902

Marine Advisor

1,032

187,824

Drilling Superintendent

1,200

218,400

Well Supply Lead

1,010

183,919

Industry Guide On Renumeration

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Conclusion

In general, the industry has offered very attractive remuneration for employees from Q1 – Q4 of 2014 with optimism for growth in both opportunities and compensation projected for 2015.

With the oil majors pushing operations deepwater, a whole new wave of skill sets are required to support their exploration and production activities. This has seen a demand for specialized personnel with high technical expertise and has also revealed a serious skill shortage within several disciplines. This skill shortage can be addressed by trainings or attachment of a qualified Nigerian understudyto an expatriate with that work function.

Our position as the leading Oil & Gas and Power recruiting agency in the Nigerian market has allowed unique access to both employers and employees, and with constant engagement, shown their challenges and wins in our dynamic industry. We hope to continually share information and solutions beneficial to the overall growth of the sector and will again like to thank everyone for being part of this first step.

Contact Us for More Information 22A Rasheed Alaba Williams Lekki, Lagos, Nigeria. +234(01) 2774699, 2770768 +234(01) 2774697, 2774698 ETR_Nigeria info@energitalent.com www.energitalent.com

Lagos, Nigeria. +234(01) 2774699, 2770768 +234(01) 2774697, 2774698 ETR_Nigeria info@energitalent.com www.energitalent.com
Lagos, Nigeria. +234(01) 2774699, 2770768 +234(01) 2774697, 2774698 ETR_Nigeria info@energitalent.com www.energitalent.com
Lagos, Nigeria. +234(01) 2774699, 2770768 +234(01) 2774697, 2774698 ETR_Nigeria info@energitalent.com www.energitalent.com
Lagos, Nigeria. +234(01) 2774699, 2770768 +234(01) 2774697, 2774698 ETR_Nigeria info@energitalent.com www.energitalent.com