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Posted February 17, 2012 by

Average Oil and Gas Professional Earns $80,458

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

Matt Underhill of Hays Oil and GasEmployer confidence has seen a large increase with 26.7 percent extremely positive about the current market: up from just 9.7 percent in 2011. Three quarters of all employers expect staffing levels to increase in the next 12 months. Matt Underhill, Managing Director of Hays Oil & Gas, comments: “There has been a distinct move to employ permanent staff rather than contractors for many oil companies, which displays an outlook that suggests the industry is on a firm footing. However, conversely there is still great demand for contractors due to a raft of major projects coming on board and new regions increasingly using contractors. With the upward progression of contractor rates throughout 2011, the signs are positive as we enter 2012.” (more…)