Petroleum Engineering Salary Structure In Nigeria
It is no news that Nigeria is an oil producing country and it industry is the largest on the African continent. The exploration of oil in the Niger Delta region had opened up the zone and to a larger extend the country to the activities of multinational/foreign companies who are known to pay really.
Due to this, it is no-brainier why people want to work in the petroleum industry. This article will try to give you an overview of how much oil companies in Nigeria pay their workers from entry level. You will also get to know the oil company that pays the highest salary. It is an overview and bear in mind that there’s more to working than salary.
Salary Structure of Oil Companies in Nigeria
Shell Petroleum Development Company of Nigeria Limited (SPDC) by far is the largest investing and exploring company in the oil industry in the country. This company account for 50% of the Nigerian oil production. Entry level salary in Shell Nigeria is between N3,360,000 – N7,800,000.
Chevron Nigeria Limited (CNL) is a joint venture company between the NNPC and chevron with a sharing formula of NNPC (60%) and Chevron (40%). This company is the second largest oil explorer in the Niger Delta region and by extension, the nation as a whole. The entry salary in Chevron is N6,000,000 – N9,000,000 per year.
Total E&P Nigeria
This company is just like the two above also a joint venture between the NNPC and a foreign oil company with NNPC having 60% share. This company is regarded by many as the highest paying oil company in Nigeria. they pay between N7,000,000 – N12,000,000.
Mobil Producing Nigeria Unlimited (MPNU) is a joint venture between NNPC and Exxon-Mobil with the same sharing formula as the ones above. They operate mostly in Akwa Ibom State, the largest oil producing state in Nigeria and is one of the largest oil producing companies in Nigeria. They pay about N6,000,000 – N10,000,000 annually at entry level.
Oando Nigeria Group
Oando Nigeria Group is the truly indigenous company on the list and known as Nigeria’s largest independent conglomerate in the energy industry with expertise in oil and gas exploration, production and distribution. It is the first Nigerian company to achieve a dual listing on both the Nigerian and Johannesburg stock exchanges. They pay N1,800,000 – N4,800,000 annually.
As stated earlier, this is just an overview as there are specific cases.