Would you rather work for an Oil Company or elsewhere?
Of course, we all know that 9 out of every 10 fresh Nigerian graduates will prefer to work in the Oil and Gas sector if given the opportunity. This trend has been ongoing for like ages. And the major lure has always been the obscene salaries and super juicy perks which major companies in the OG sector are traditionally known to lavish on their employees.
For example, report shows that high ranking OG professionals in the cadre of senior staffs, managers and directors are earning as much as N17,000,000 – N47,000,000 or even more per annum depending on the type of job and company in which they are located.
However, on the flip side, new entrants are now realizing that all Oil Companies are not born equal, and as such their salary scales are never the same. In fact, while one Oil Company may be paying up to N8,000,000 in annual salaries to its entry level staff, say in engineering department for example, a similar staff at the same level in another Oil Company may be getting a pay package that’s way below N3,000,000 per annum. (Although even this is considered to be a kill compared to what’s obtainable in other sectors such as manufacturing and so on.).
It was against this backdrop that we decided to find out what the Oil Companies actually pay their workers in Port Harcourt. We researched eleven companies with focus on basic entry level salary scale. Below are our findings:
Upstream – Integrated Oil Companies (IOCs) in Exploration and Production (EP)
- Total EP Nigeria
- Chevron Nigeria
- Shell Nigeria
Independent Upstream EP / Multinational Oil Servicing Companies
- Aiteo Eastern EP
- Schlumberger Nigeria
- Halliburton Nigeria
- Saipem Nigeria
- Seplat Petroleum
Indigenous IOC/ Downstream Companies
- Oando Group
Showing some of the OG jobs that command the highest pay
The Bottom Line
Apart from sub-sector differences and maybe the use of global pay scale (like in the case of top multinational IOCs), other differing factors that cause wide disparity in salaries paid by the Oil Companies are probably as hugely diverse as the sector itself. However, Employee Profile is definitely one of the most relevant factors that cause the disparity.
The following are things about employee profile that tend to make some difference:
Major area of study – Oil Companies tend to pay higher salaries to employees with rare oil-industry-specific-skills and training. Stuffs like Petroleum Economics, Petroleum Engineering, and Geosciences are among the hottest Majors.
School attended, grade earned and certifications obtained – There are exceptions to this one though depending on your area of focus. (While some companies may give preference to candidates with foreign M.sc degrees, others like Shell are said to give more credence to high-performance-skills than academic credentials when considering let’s say field workers for example.)
Relevant experience – When it comes down to it, nothing would make more difference than the good old experience. That’s why many Petroleum Industry professionals usually advice newcomers to do all it takes to build up their experience profile – yes, even if it means working a while (for little or nothing) with a licensed Oil and Gas sub contractor.