WA oil workers ‘best paid in the world’: survey

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WA oil workers ‘best paid in the world’: survey

Western Australia’s oil and gas workers are the best paid in the world in that industry, according to a global survey.

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Western Australia’s oil and gas workers are the best paid in the world in that industry, according to a global survey.
 
The Hays recruitment survey of 11,000 oil and gas workers in 50 countries found the WA North West coast offered the best salaries in the entire sector last year.
 
The survey also said that employers’ biggest concern was the shortage of skilled workers, and this situation was likely to bring further wage rises this year.
 
Salaries up another 10%
 
In fact, more than one-fifth of employers across the global industry expect salaries to rise by more than 10% this year.
 
The survey shows Australian workers in Western Australia’s oil and gas sector get an average base salary of $143,700 a year, while imported workers are getting slightly more at $144,600.
 
This was almost twice the world average of $75,000.
 
The survey shows US workers in the same industry get a base salary average of $110,000 a year and Canadians get $129,000.
 
Twice as much
 
In fact Western Australia’s local workforce get more than twice the amount paid in oil-rich Saudi Arabia and the United Arab Emirates, where the average annual base salary is $61,200. Almost all these workers are imported.
 
While the survey found that oil workers in the Middle East get less than $70,000 a year, they enjoy slightly greater benefits than Australian workers, such as bonuses, housing or transport benefits.
 
The survey showed that the only oil and gas workers to get paid more than local labour in Australia were workers imported by Colombia, Papua New Guinea, Trinidad and Tobago.
 
In those countries, local labour earned only around one-quarter of the amount paid to imported workers. The rates for imported workers are higher because of favourable tax rates and premiums paid to bring them to the dangerous locations.
 
Optimism
 
Matt Underhill, managing director of Hays Oil and Gas, said optimism was returning to the sector after a couple of tough years.
 
The survey found that only Australasia and the Middle East enjoyed a boost in foreign workers, reflecting the two regions’ quick recovery from the Global Financial Crisis.
 
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