With rising global energy demand, the oil and gas industry has a wide range of challenges and opportunities across the upstream, midstream, downstream and oilfield services sectors.
Demand for skilled oil and gas professionals continues to shoot up in Southeast Asia. Singapore has a strong market in construction of Floating Production Storage and Offloading (FPSO) and topside structures while Malaysia and Indonesia are largely being driven by deepwater field exploration.
Exploration and production activities have created a good demand for the job profiles such as geophysicists, geoscientists and reservoir engineers in the region. Similarly, more and more drilling engineers are required by Malaysia and Indonesia to cater to local content needs.
Skill shortage in the industry as well as the growing need for additional manpower have led many employers to offer a comprehensive array of employee benefits in terms of learning, development and pay package to help people strike a great work-life balance.
A career in oil and gas industry comes with excellent pay, exceptional perks as well as a high career growth and learning opportunities. According to recent data, local average annual salary in Singapore has now rose to $80K+ and imported average annual salary to $100K+, depending upon the year of work experience. As in every occupation, the average income increases with the years of work experience. In addition to the salary, the general benefits include health, vision, dental and life insurance, retirement contributions, allowances, housing allowances, transportation allowance, flexible work schedules or scholarships for employees.
Irrespective of whether you as an oil and gas professional want to move on or leverage this as an opportunity at your present job, you must consider testing the job market before switching the job as benefits vary from employer to employer.
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