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O&G bright as wages rise

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    4 drums coker
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    Oil And Gas Industry Looking To The Future With Confidence As Salary Guide Reveals Sentiment And Wages Continue To Rise Strongly
    February 13, 2012

    Wages and confidence are surging in the global oil and gas industry, according to the annual Salary Guide produced by Hays Oil & Gas and leading jobsite Oil and Gas Job Search.

    The Salary Guide, based on over 14,000 respondents worldwide, reveals an industry generally brimming with confidence despite widespread concerns over the global economy.

    Employer confidence has seen a large increase with 26.7% extremely positive about the current market: up from just 9.7% in 2011. Three quarters of all employers expect staffing levels to increase in the next 12 months. Read Oil and Gas Online

    Matt Underhill, Managing Director of Hays Oil & Gas comments: “This level of confidence has far surpassed that which we have seen over the last few years, and contrasts significantly with the wider economic outlook. With confidence comes salary increases and this is reflected with an increase in the average worldwide salary for professionals and skilled employees in the industry to US$80,458 per annum (equivalent) up 6.1% in the past 12 months.

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