– Oil Companies in Nigeria’s Salary –
In this article, We will be explaining in detail, How Oil companies in Nigeria pay workers. We will help you understand everything by making the explanations very simple. All you need to do is to stay focused and read through.
Many graduates will comfortably choose Oil company jobs due to Job standards and payment structure.
For example, the report shows that high-ranking Oil and gas professionals in the cadre of senior staff, managers, and directors are earning as much as N20,000,000 to N50,000,000
Some earn even more per annum depending on the type of job position and company in which they are located.
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Oil Companies in Nigeria’s Salary
Here is the list of how oil companies pay workers in Nigeria
1. TOTAL E&P NIGERIA
Total is arguably the highest paying company in Nigeria today, with about 1700 employees.
Entry Level Salary: N7, 000,000 – N12, 000,000 / year
2. EXXONMOBIL
ExxonMobil, through its two upstream subsidiary companies, is the second-largest oil producer in Nigeria, with a cumulative total of up to 4 million deep-water/shallow-water offshore acreage.
Entry Level Salary: N6, 000,000 – N10, 000,000 / year
3. CHEVRON NIGERIA
Chevron is the third-largest oil producer in Nigeria with a daily production capacity of over 230,000 barrels of crude oil.
Entry Level Salary: N6, 000,000 – N9, 000,000 / year
4. SHELL NIGERIA
Shell Nigeria is the oldest and the largest oil producer in the country.
It produces over 600,000 barrels per day (about 21% of Nigeria’s daily output) with about 6000 employees of which about 90% are Nigerian nationals, including its current MD.
Entry Level Salary: N3, 360,000 – N7, 800,000 / year
5. AITEO EASTERN E&P
Aiteo is an upwardly mobile Nigerian independent E&P company with an ambitious interest in some of the world’s most significant basins.
Entry Level Salary: N3,600,000 – N5,000,000 / year
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6. SCHLUMBERGER NIGERIA
Schlumberger is a multinational E&P oilfield service provider specializing in technology, information, and management solutions in both the midstream and upstream sub-sectors.
Entry Level Salary: N3,600,000 – N6,000,000 / year
7. HALLIBURTON NIGERIA
Halliburton is a multinational upstream E&P service provider specializing in operational and reservoir solutions.
Entry Level Salary: N3, 600,000 – 4,500,000 / year
8. SAIPEM NIGERIA
Saipem Nigeria is a subsidiary company of the Italian oil giant Eni.
Entry Level Salary: N2, 400,000 – N4, 800,000 / year
9. SEPLAT PETROLEUM
Seplat is a front-line Nigerian independent upstream E&P company listed in both Nigeria and London stock exchange.
Entry Level Salary: N2, 400,000 – N4, 800,000 / year
10. OANDO GROUP
Oando is Nigeria’s first IOC with annual revenue of $1.9 billion as far back as 2010.
Entry Level Salary: N1, 800,000 – N4, 800,000 / year
11. CONOIL
Conoil is an indigenous IOC with about 6 blocks in the Niger Delta and a 25% Equity Stake in Block 4 of the Joint Development Zone (JDZ)
Entry Level Salary: N1,800,000 – N3,600,000 / year
Oil and Gas Company in Nigeria Requirement
The following are things about employee profile that tend to make some difference:
1. Major Area of Study
Oil Companies tend to pay higher salaries to employees with rare oil-industry-specific skills and training.
Stuff like Petroleum Economics, Petroleum Engineering, and Geosciences are among the hottest Majors.
2. 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.)
3. 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 advise 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.
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StudentsandScholarship Team.
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