Nigeria is widely recognized for its massive hydrocarbon production. This continues to be the case due to the abundance of oil in the country’s extensive territory, particularly in its southern regions. Thankfully, this endowment has made working for a Nigerian petroleum company the top priority for a large number of graduates.
In reality, leading Nigerian petroleum companies lavishly compensate their employees, but some reports indicate that some of these companies do not lavishly spend on employee compensation. Probably, the aspiration of every Nigerian petroleum engineering graduate is to obtain employment with a petroleum company that lavishly compensates its employees. In this case, we have attempted to compile information regarding petroleum engineering salaries in Nigerian oil companies.
PETROLEUM ENGINEERING SALARIES IN NIGERIA
As a matter of fact, you can earn big as an employee in some of the oil companies owing to the condition that some high-end employees get millions of Naira as remuneration. However, your hope of being remunerated with annual earnings as huge as N50 million depends on your class (probably as a professional or as an entry-level employee) and the company you work under. Fortunately, in every circumstance, oil companies are highly regarded for their beautiful and attractive remuneration systems.
In this post, our aim is to provide you with the names and details on petroleum engineering salaries in Nigeria plus the details of their remuneration systems (particularly for entry-level employees). As it is widely observed, the best part of Nigeria’s oil companies is that most are situated in the Niger Delta since this region is undoubtedly the core of Nigeria’s voluminous oil. Based on our research, we have the details below in the hope that they will be helpful to prospective petroleum engineers and others seeking to work in the petroleum sector.
DETAILS ON PETROLEUM ENGINEERING SALARIES IN NIGERIA
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ExxonMobil
ExxonMobil occupies the second position among Nigeria’s major petroleum producers. ExxonMobil has contributed significantly to the oil industry through the influence of its two upstream subsidiaries, which produce oil on a vast scale. According to its compensation system, an entry-level employee may receive an annual salary between N6 million and N10 million.
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Total (Exploration and Production) Nigeria
Total is presumably one of Nigeria’s largest oil producers, and in addition to this accomplishment, the oil company employs nearly 1700 people. Total E & P is still recognized as one of the energy companies with the highest compensation system, despite its large workforce. In the meantime, an entry-level employee at this energy company may be paid between N7 million and N12 million annually.
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Shell Nigeria
Shell maintains its reputation as the largest and longest-serving hydrocarbon producer in Nigeria. Shell Nigeria has 6000 employees to demonstrate its immense contribution to the petroleum industry. In addition, the reputable oil company consumes 21% of our daily petroleum supply. Meanwhile, the energy company maintains this proportion as it produces over 600,000 barrels of oil per day. According to the company’s salary structure, an entry-level employee may earn between N3,360,00 and N7,800,000 per year.
Also noteworthy is the fact that more than 85 percent of Shell’s employees are Nigerians, indicating that the company has contributed significantly to the welfare of Nigerians.
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Chevron Nigeria
Just behind Exxon Mobil, Chevron Nigeria maintains its feat as the third largest producer in the oil sector. Based on reports, Chevron yields a total of 230,000 oil barrels as its daily volume of production. Under its salary structure, an entry-level employee may be scheduled with an annual salary range of N6 million – N9 million.
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Saipem Nigeria
Saipem is connected to a certain Italian oil company under which it performs subsidiary roles. It has a salary structure that offers an entry-level employee an annual salary ranging from N2, 400, 000 – N4, 800, 000.
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Halliburton Nigeria
Halliburton Nigeria is well-known as an upstream Exploration and Production company. It operates across many nations and renders operational services aimed at repairing and maintaining oil reservoirs. Its remuneration system offers an annual salary range of N3, 600, 000 – N4, 500, 000 to each of its entry-level employees.
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Seplat Petroleum
This autonomous oil company has boosted its reputation amongst the leading upstream E & P companies within and outside Nigeria. To signify its prominence, Seplat Petroleum obviously appears on Nigeria Stock Exchange likewise on London Stock Exchange. Based on its remuneration structure, each of its entry-level employees is rewarded with an annual salary range of N2, 400, 000 – N4, 800, 000.
