Friday, November 20, 2009

What's So Good About Oil Field Employment?

The oilfield jobs pay well, with many perks and benefits. Is it any wonder that remains in high demand for job seekers? The only other industries that pay well are playing today and snuff industries. After the dot com bubbles burst, is no longer in the picture, while waxes of finance and the economy declines. But why should you look for oil field work? What's so great about him?

1. The oilfield employment offers salary and excellent benefits

The oilfield jobs often pay twice as well as any other industry. According to 2004 statistics, welding jobs pay $ 62,000 rig compared to $ 30,000 a welding job in manufacturing. An entry level laborer, basically just worker makes $ 45,000 while a regular construction worker makes $ 24,000. With 20 years experience, the pawn makes $ 55,000, compared to $ 44,000 in construction.

Petroleum Geologists upstream, new earn anywhere from $ 80,000 to $ 110,000, not including sign-up bonuses and other perks. This is at least an increase of $ 25,000 from five years earlier, in 2003. Other graduates of the university, as directed oil, are also doing very well.

All these data are public records salary and can be found in reports published by government agencies like the department of labor and trade organizations like the American Association of Petroleum Geologists. Independent commercial entities, such as job boards and recruitment agencies, also collect and publish salary data for the oil industry.

2. The prospects remain excellent for oil field work

Even if the heads of major oil drilling companies do not like it have to continue hiring new people. In 2006, a government report highlighted major UK Shortages of personnel at the oil and the oil industry, despite the relatively low price of oil then. The oil drilling did not have enough personnel managers, professional and technical. While OPEC may say they can not afford to invest in oil exploration and infrastructure unless oil prices remain above $ 60 a barrel, oil is coming increasingly from multinational oil companies that are not limited to national boundaries.

These MNCs have no choice - many of its oil fields are beyond their prime, and need to find new oil fields. Its workers are rapidly graying and approach retirement age. The car slowed drastically in many oil companies in the 80s, and they now need to find new workers to replace workers and reserved to serve new projects and oil platforms. Noble Corporation, one of the largest companies drilling offshore in the world, is an example. They have 5 new oil platforms, and need to fill 1500 vacancies.

Finding workers for their new and existing oil rigs is not the only problem. The oil companies also need more oil geologists find new oil fields to replace their older fields that are running the oil. Unfortunately for them, it takes approximately 6 to 10 years to train a qualified geologist who has the ability to find oil. Only 10% of geology students manage to go the full distance, adding to the headaches of big bosses. If they can find new places to drill for oil, are going out of business.

As you can see, the oil field work will not disappear anytime soon. As long as the world continues to operate in the oil, oil field employment remains a hot prospect of earning a good salary.