SALARY SURVEY 2013 - Robert Walters Singapore

SINGAPORESINGAPOREOIL&GASSINGAPOREOIL&GASOuroil&gasdivisionwaslaunchedinearly2012,focusingontherecruitmentofhigh-calibrespecialistsinthefieldofgeosciencesduetohighjoblevelsinthisarea.MarketOverviewHiringlevelswerehighthroughout2012.Employerssoughtindividualswhocouldaddsignificantvalue,insightandproductivityonlong-termprojectsatcrucialkick-offstages.Inparticular,demandforexperiencedsubsurfaceprofessionalswasprevalentacrosstheregion,largelyduetoopeningofmoreexplorationsites.Experiencedoperationsanddevelopmentgeologistsweresought-after,withcandidatesproficientinmultifunctionalrolesandspecificskillssuchasgeomodelingfrequentlysought-after.Geophysicistswithstronginterpretationskillsandqualityimprovementspecialistsweresoughtformid-to-seniorlevelopportunitiesinbothoperatorsandspecialistservicecompanies.Withthelaunchofnewprojects,reservoirengineersproficientinbothstudiesandsimulationwerealsohighlysought-after.Whilestrongacademicqualificationswereaprerequisiteforoperatorroles,candidatespossessingbothregionalknowledgeandexperiencewerefavouredforthesedynamicopportunities.Candidateswereawareoftheirmarketvalueandheldrealisticsalaryexpectationsbasedontheirexperienceandindividualskillsets.Whenmakingacareermove,professionalswouldconsiderallaspectsofthejobopportunitybeforemakingadecisionfromsalaryandbenefits,careergrowthandtheopportunitytoworkoverseastothestabilityofthecompany.Investmentinfutureemployeeshasprovedasuccessfultoolinbothstaffattractionandretention.Inabidtobuildtheirtalentpool,companiesareincreasinglysupportingstaffthroughtheiracademicyearsandbringingthemonboardstraightfromuniversity.Thisenhancesbrandpresenceamongthegrowingcandidatepoolandreducescostsinfuturehiring.Outlookfor2013Weanticipatejoblevelstoremainhighandatsimilarlevelstothosein2012.Whilevaryingsignificantlybyorganisationandgeographicallocation,mostcompaniesarelikelytosecurecrucialinvestments,followingthroughwithexpansionplansandmovingforwardatafastpace.Fully-qualifiedandexperiencedsubsurfaceindividualswillcontinuetobeinhighdemandastherequirementforregionalsubseaunitsincreases.Keydriversfortheseexpansionsincluderelaxedgovernmentlegislationresultinginincreasedforeigninvestment,aswellasthepressuretomeettheeverincreasingenergydemandinAsiaPacific.Withbasicsalarieslikelytoremainsteady,otherfactorswillbecomeincreasinglyimportantintalentattractionandretention.Specifically,professionalswillseekstrongcareerdevelopmentpotential,internationalrelocationopportunities,additionaltrainingandthescopetoworkondiverseandtechnicalprojects.WeforeseeachallengeinattractingAsiansbacktotheregion,particularlythosewhohaveachievedsuccessfulcareersinotherpartsoftheworld.Returningcandidateswilltendtohavesignificantlyhighersalaryexpectationsduetotheirinternationalexposure,provenabilitytoexcelinmulticulturalenvironments,aswellasexposuretoinnovativetechnologiesandawiderangeofgeographicalprojects.OIL&GASROLEPERMANENTSALARYPERANNUM$US6-10YRS'EXP 11-15YRS'EXP 16-25+YRS'EXP2012 2013 2012 2013 2012 2013ReservoirEngineers $84-112k+ $84-112k+ $112-124k+ $112-124k+ $134-194k+ $134-194k+Petrophysicists $60-99.7k $60-99.7k $70-121k+ $70-121k+ $149-155k+ $149-155k+Geologists $60-99.7k $60-99.7k $70-121k+ $70-121k+ $149-155k+ $149-155k+Geophysicists $60-99.7k $60-99.7k $70-121k+ $70-121k+ $149-155k+ $149-155k+NB:Figuresarebasicsalariesandexcludeemployer'sCPFcontributions.RobertWaltersGlobalSalarySurvey2013 388