Salary & Employment Outlook – Oil & Gas

More than 2,700 clients from Australia’s major industries have responded to our questions regarding employment and salaries. We’ve combined this with our own knowledge and expertise to bring you an overview of the oil and gas sector.

Here’s a brief look into the important figures for both employers and jobseekers:

• Industry outlook; after a period of significant capital expenditure, many projects are moving into their operations stage. With only one-fifth of the historic workforce required in this stage of production, there is unlikely to be significant levels of hiring activity In fact, 61% of our respondents don’t expect to grow their teams over the next year

• Salary trends; the recent drop in oil price saw many workers forced to take a pay cut over the past year, so efficiency is one of the major driving factors in this industry.

• Currently, a drilling engineer can earn upwards of $125,000 in a small-medium firm, while a drilling manager at a large firm may earn up to $315,000

• Regional snapshots; Western Australia is currently ahead of Queensland in hiring trends, and there is a demand for specialists in this part of the country

• In-demand roles; candidates with overseas experience will have an advantage when seeking employment, with mid-level and specialist roles most popular

You can find out more about which positions are the most in-demand and how much you can expect to earn by downloading the full Michael Page Oil & Gas Salary & Employment Outlook.