Strong salaries in UK oil and gas show confidence in the industry

A recent global survey has revealed a confident outlook for the UK oil and gas sector, as workers are more positive about the market and enjoy salaries that are on […]

By Tom Gibson

A recent global survey has revealed a confident outlook for the UK oil and gas sector, as workers are more positive about the market and enjoy salaries that are on average twice the nation average.

The Oil and Gas Global Salary Guide 2012, by Hays Oil & Gas and jobsite Oil and Gas Job Search, shows that full time UK oil professionals enjoy average salaries of £55,850 while the national average is £26,244.

Workers in the UK fared better than most of their international counterparts. Duncan Freer, Managing Director of Oil and Gas Job Search said: “Average oil and gas salaries in the UK are around 8% more than the worldwide average.

“Greater activity is scheduled for 2012 and beyond following a difficult period during the recession. Despite some forecasts many oil companies are continuing to invest in the North Sea so it is a time to look forward with confidence.”

The news comes as DECC announced a new round of licensing for offshore oil and gas for 2012, which Energy Minister Charles Hendry said would likely be “prosperous.”

The survey also showed increasing confidence- 75% all employers asked expect their staffing levels to increase in the next year.

Matt Underhill, Managing Director of Hays Oil & Gas said UK incomes suggested the sector was strengthening: “The salaries, day rates and general sentiment in the guide reflect a strong and confident industry. There are now tremendous opportunities for new graduates and candidates with transferable skills to enter a buoyant and rewarding industry.”

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