Professionals working in the Asian oil and gas industry are some of the best rewarded in the world, according to the Oil and Gas Global Salary Guide 2013, produced annually by recruiting experts Hays Oil & Gas and leading jobsite, Oil and Gas Job Search.
The Salary Guide, which bases its figures on more than one million individual items of data from professionals in 53 countries, shows China (22.6 per cent), Thailand (22.58 percent), Vietnam (11.97 per cent) and Singapore (6.52 per cent) all with strong rises in local salaries. Singapore continues to lead the way in the region with average salaries at US$84,900. Indeed very few locations through the whole of Asia saw any decline in salaries and this reflects the heavy investment in oil and gas facilities across the region through 2012. The worldwide average salary stands at US$87,300 per annum which shows a very healthy increase of 8.5 per cent on the previous year.
Matt Underhill, Managing Director of Hays Oil & Gas comments: “The average salaries for expat labour were extremely buoyant. However, there was very impressive rises for the local labour force too with
“Despite the concerns in Europe and a slowdown in China’s domestic growth towards the latter part of 2012, the sentiment in the oil and gas industry remains positive.”
Employer confidence in increasing staffing levels during 2013 remains high. A quarter expects staffing levels to increase by more than 10 per cent with almost 75 per cent anticipating some level of increase.
Duncan Freer Managing Director of Oil and Gas Job Search, comments: “We logged over 25,000 respondents to the salary survey this year which is 75 per cent greater than the 2012 guide. This is the fourth publication of our annual guide and it is now the most comprehensive and eagerly awaited in the industry”.