Oil and Gas Workers Receive ‘Robust’ Wages Despite Recession

23 March 2011 (Last Updated March 23rd, 2011 18:30)

Health Safety and Environment (HSE) professionals in the oil and gas sector are continuing to receive good wages as the industry recovers from the economic downturn. According to the Salary Guide, a new global salary survey produced by Hays Oil and Gas, HSE professionals with over 20 ye

Health Safety and Environment (HSE) professionals in the oil and gas sector are continuing to receive good wages as the industry recovers from the economic downturn.

According to the Salary Guide, a new global salary survey produced by Hays Oil and Gas, HSE professionals with over 20 years’ experience continue to receive average annual wages of $115,100 for permanent positions.

Professionals with ten to 20 years’ experience earn an average of $86,500, and those with five to ten years’ experience yield $52,300, according to the survey.

Hays Oil and Gas managing director Matt Underhill said that even though permanent salaries for HSE professionals in the oil and gas sector remain attractive, they have not fully shaken off the effects of the downturn.

Approximately 47% of respondents believe that salaries will rise by 5% or more over the next 12 months.

The survey, which was compiled from responses of 11,000 industry professionals, indicates positive growth and sentiment about salaries in more than 20 disciplines in the offshore industry.