Nigerian Oil & Gas Salary Survey Overview of 2014, expectations for 2015
Industry guide on remuneration
Summary of Survey Respondents
Total Disciplines
Sectors E & P, EPC, Subsea, and Oil Servicing
4000 23
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 Q4 which 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. 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.
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.
Industry Guide On Renumeration
03
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 ďŹ gures. Other high paying disciplines include project management/controls and cost estimators.
Industry Guide On Renumeration
04
Average Expatriate Contractor Day Rates USD
1176
Naira Equivalent
194,288
Average Local Contractor Day Rates Naira Equivalent
USD
37,815
207
*all conversions from Naira to USD and vice versa have been adjusted to reect current exchange rates of N182 to 1USD as at 8th January, 2015.
Average Net Day Rates for Local Contractors across Multiple Disciplines Job Title
USD
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
Naira Equivalent
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
06
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
07
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 understudy to 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