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Oil Prices Rise Oil prices surged unexpectedly after the closure of Tuesday 1st August trading session, with industry experts suggesting that the phenomenon was caused by falling U.S crude inventories. Advert // US light crude prices hiked by more than 3pct to stand at $45.76 by 4:51 PM ET, thereby ending the market exchange session at a rate 1.4pct higher than before. As for Benchmark Brent crude, it was up by $1.31 at $48.19 per barrel, translating to a 2.8pct jump.  Despite these trends, oil rates slightly reversed the losses earlier witnessed on Tuesday. This came after the U.S Energy Information Administration subsidized its forecast for America’s oil production in 2018. While distillate inventories fell down by about 2.1 million barrels, stocks at the Cushing, Oklahoma depot increased by 1.7 million barrels. According to the American Petroleum Institute, overall crude stockpiles in the country dropped by 8.1 million barrels by the end of July 7th 2017, gasoline stocks also dropped by around 800,000 barrels. This is the single largest drawback since September 2016. The fall down compares to pundit expectations of a reduction of 3.6 million barrels of oil, for the week that ended August 11th 2017. Nevertheless, inventories for gasoline increased by 301,000 barrels for the same time period, contrasting with analyst prospects that they would drop by 1.5 million barrels. The crude costs fell despite an export terminal shutdown in Libya, sparked by worker protests over weakening demand from China and better working conditions. The Zueitina oil terminus in Libya stopped loading cargos after port workers protested. Quoting the oil depot’s workers’ union head, Merhi Abridan, he said the strike will affect operations in that oil coming from fields around Zueitina would be stored at the terminal for the entire duration of the protest, and this will likely trigger a spike in exports that may affect oil prices as is currently being witnessed in the U.S. Advert // // At the same time, China’s oil refineries also saw their lowest daily output in July at approximately 10.71 million barrels a day-this according to statistics from China’s National Bureau of Statistics. Even in Europe, refineries increased their stock intake for crude oil in June due to high prices, something that’s also having an overall net effect on gasoline prices. This shows that the oil price hike triggered by high scale inventory is not only affecting America but also other countries around the world. Some experts believe the crude prices might have been affected by bank forecasts predicting drastic declines this year, and in 2018. For instance, BNP Paribas cut back its forecasts on Brent by $9 to settle at $51 per barrel for 2017. Barclays also reduced its 2017 Brent forecasts to $52 a barrel for both 2017 and 2018. Currently, crude prices are at a level of 17pct below the opening rates in 2017, despite a deal fronted by OPEC to start cutting production as of January. Analysts see U.S production totaling to 9.9 million barrels a day going over to 2018, down from an earlier prediction that had put it at 10 million per day. OPEC’s non-compliance with industry standards also continues to affect other traders, the organization recently showed an increase of 172,600 barrel per day in oil generation in July for its member states only, with the statistics based on reliable secondary sources. Consequently, total daily output for OPEC in the month of July was 32.8 million bpd, an increase from 32.6 million bpd in the previous month. OPEC also entered into agreement with Russia and other major oil exporters to subsidize output by about 1.8 million bpd until March 2018, even though production elsewhere has increased as OPEC continues to hold back. In U.S alone, output has hiked by more than 10pct over the past year to stand at 9.34 million bpd. Meanwhile, OPEC members Nigeria and Libya who are exempt from limits in production have also increased output significantly, thereby leading to a large scale inventory globally. Nevertheless, without any meaningful drop in oil inventories or decline in America’s drilling and production, Goldman Sachs predicts that U.S crude prices could go below $40 per barrel if market trends remain constant. Experts are also closely monitoring US shale production, which is going on full scale despite fluctuations in oil prices, which haven’t been able to stay above $50 for any considerable amount of time. Analysts are yet to see how the shale will affect oil market prices in the next months to come. Advert //
Swiss-based oil company, Transocean, has signed a major acquisition deal with Norwegian industry player Songa Offshore. The transaction will cost 1.1 billion US dollar and shall be paid in exchangeable debt and stocks. Advert // Songa’s overall enterprise value including company debt is around US$3.4 billion. However, according to Transocean once the transaction is complete it would generate about US$40 million per year. The Swiss firm has offered 40-percent premium in the deal and so far 77pct of Songa Offshore shareholders have accepted it, once everything is complete they’ll become the single largest shareholder at Transocean. Additionally, since Perestroika is one of Songa Offshore’s largest investors, they would get a stake of 12 pct in Transocean once the acquisition is done. Perestroika’s founder and chairman of Songa, Frederik Wilhelm Mohn, will also be nominated for an executive seat on the parent company’s board. This purchase forms part of a series of high level transactions currently reinventing the oil industry. It also marks the start of a recovery process for rigs that have been going through harsh-environment. Previously in May, another company Ensco Plc also bought a smaller drilling competitor Atwood Oceanics in an all-stock transaction valued at US $839 million. Following Transocean’s purchase, Songa shares were valued at 47.50 Norwegian crowns a piece, which is an impressive 39.7 pct premium over the previous closing rate. The buyer further added that this acquisition will reinforce its stake in the ultra-deepwater and harsh environment drilling sector. It will put Transocean at a better position working in places such as the Arctic. In a statement released by the procuring company’s CEO, Jeremy Thigpen, he said that Songa is a great strategic fit for them, further adding that the deal will increase Transocean’s cash book by $4.1 billion, to stand at an average of $14.3 billion. They are yet set to complete the transaction, with Songa having a total of 7 midwater partly-submersible rigs that are set to be exchanged by the 4th quarter of 2017. Moreover, 4 out of the 7 Songa rigs are signed on long-term contracts with another company Statoil, making the acquisition particularly attractive. According to Swedbank oil market analyst, Magnus Olsvik, the deal is a sign that operating in the industry is becoming much tougher than before and it’s only through such transactions that companies can expect to thrive, plus improve on their asset prices. Advert // // Earlier in March, Transocean had sold its series of shallow-water drilling rigs to Norwegian firm Borr at an estimated price of $1.35billion, claiming they wanted to focus only on deep and ultra-deepwater oil extraction. This latest transaction comes as a time when their main deepwater rig rival, Seadrill, is also undergoing a restructuring process of debt and liabilities totaling to about $14 billion, whereas new industry players such as Borr are more interested in acquiring cheap assets. When asked whether they saw such a transaction coming, the world’s most renowned oil-field services provider, Schlumberger, said that Odfjell Drilling is probably an obvious target for purchase, but there aren’t any good matches so far that can rival the scale of the Transocean and Songa deal. Schlumberger has a 20pct stake in Borr, which is expected to be listed on the Oslo market exchange by end of 2017. While demand for Songa shares jumped significantly by 35% following this deal, 13% of shareholders are still required to finalize the transaction, since it requires at least 90pct of shareholders’ approval for the offer to go through. So far only 77 pct have agreed as stated earlier. On the other hand, Transocean stocks fell to an unexpected 20yr low following the acquisition news. This indicates that investors are still suspicious on how successful the deal shall be, especially taking into account the US$1 billion debt that’s yet to be paid by Transocean and its partners. One analyst commented that the debt Transocean will borrow to finance the deal may impact on its credit metrics for a considerably long period to come. Similarly, Songa’s debts cover around half of its total equity value. Such transactions show that the oil and gas services sector is on a go slow, with potential buyers seeking for acquisition targets and no longer expecting asset values to drop much further. Generally, while demand for oil drilling services has been hit by drastic fall in oil rates in recent times, the demand for high-capacity rigs capable of operating in harsh environments has shown positive signs of recovery. Advert //
Sakhalin Odoptu Stage 2 Project Odoptu Stage 2 Project consists of 32 wells that will be drilled in Sakhalin island, Russia. Advert // The project is run by a consortium of oil companies with different shareholder values; Exxon Ltd. has 30% stake, Sodeco 30%, while Rosneft and ONGC Videsh both have 20% stake.  India's ONGC Videsh Ltd. said that the wells are part of a pre-planned phase expansion of Sakhalin 1 which was completed much earlier. The deep drill site will extend from onshore to offshore, and is planned for two locations that will be approximately 9km apart. These locations are the South Wellsite and North Wellsite respectively.  The first well was spudded on Feb 28th 2017 with help from the Kretchet land-rig, which is a new burrowing rig. This was done after completion of conductor driving for the initial four wells.  With this project, the oil companies consortium is expected to reach average depths of about 13,300 m, including total vertical lengths of 2,000m. The drilling rig used for this site was developed in the Keppel AmFELS factory in Brownsville, Texas. Modules were shipped separately on 5 barges into Russia's Piltun Bay and the Sea of Okhotsk, situated in the northeastern territory of Sakhalin island.  Odoptu Stage II will include a fully concealed drilling rig as well as pipe barn, the equipment will allow rig crew to conduct their operations in temperatures of about 21-degrees Celsius that hit Sakhalin island all through the year.  This development is expected to start oil production in the 3rd quarter of 2017, reaching its peak productivity rate of 65,000 barrels per day by early 2018. It's also projected that it will create about 13,000 jobs either directly or indirectly to the local population and professional expatriates.  Currently, Sakhalin Phase-2 is one of the globe's largest incorporated, export-oriented gas and oil projects. It's also Russia's first offshore gas development. Advert // // The infrastructure includes an onshore processing plant, 3 offshore platforms, 1,600km of onshore pipelines and 300km of offshore pipelines. Other infrastructure found on the site are an (LNG) liquefied natural gas plant and oil export terminal.  Once complete, the OS2 Project will feature a host of many new tools and modifications needed to increase facility capacity to 100 kbpd water injection, 55 kbpd oil production and 200 mscfd gas injection. These improvements also include the introduction of 2 pipe rack holding modules and 12 other new modules, they were constructed in Korea and later delivered to Sakhalin oil station for permanent housing and installation in the Odoptu plant.  The fourth-quarter of 2016 saw completion of the first 7 modules, whereas the remaining 5 modules are expected to be delivered to the Odoptu Oil Facility in 2017.  Additionally, earlier on Kentech had entered into an agreement with the project's key EPC contractor, Flour Inc., with plans to provide the entire E&I scope of duties across the site. It was revealed that the project has already achieved approximately 900,000 man hours so far, not just LTI-free but also without any major incidents.  According to Exxon's Russia President, Sakhalin Odoptu Stage 2 Project has largely been successful and has helped advance management and technical skills in harsh project environments. Many people will also benefit from it in terms of job opportunities that are available. Advert //
Hebron Project The Hebron oil field project is located in Labrador and Newfoundland, Canada. Advert // These two locations are in the vast Jeanne Arc Basin, which is approximately 350 kilometers to the southeast of St John's. The oil field was discovered back in 1980 and figures show that it is capable of producing 700 million barrels of oil. Due to the nature of the area, a stand alone concrete gravity based structure (GBS) is used to develop this oil field. The structure is capable of withstanding icebergs, sea ice, and other tough oceanographic conditions. It is also designed to hold approximately 1.2 million barrels of crude oil. The Hebron Project comprises of several activities which are related to oil drilling. These include offshore surveys, fabrication, engineering, procurement, installation, construction, commissioning, drilling, operations, production, and maintenance. From these activities, it is crystal clear that the project has had a significant impact on the lives of people living in Labrador, Newfoundland, and Canada as a whole. Safety and Environmental Issues The Hebron Project responsibly runs its business operations. It considers the safety of the employees, the environment and the community around. It has complied with all the Canadian laws regarding the conservation of the environment, and the management has put measures to protect its workforce from different types of work-related risks. Advert // // Hebron Project Partners The project is owned and managed by different co-ventures who include: ExxonMobil Canada Properties, which owns 35.5%, Chevron Canada Limited- 29.6%, Suncor Energy Inc- 21%, Statoil Canada Ltd- 9% and Narcor Oil and gas Inc owning a 4.9% stake in the project. Since the commencement of the front end engineering design in 2010, the project is expected to extract the first oil before the end of 2017. Hebron Project Jobs The versatile nature of the project means that different groups of people are likely to enjoy its benefits. There's a high demand for skilled labor in different areas of the project. Both the local and the central government will earn some royalties and tax revenue from the Hebron Project. During the planning, phase, the managers highlighted a series of social and economic benefits that the locals can enjoy. In addition to the direct employment opportunities, Hebron has already implemented a number of projects that are meant to alleviate the livelihood of people living in Labrador and Newfoundland. For instance, it has donated a state-of-art operational tower crane to the Operating Engineers College. The equipment is meant to boost the learning experience of the students in the college. In order to meet the demand of labor in the project, one of the Hebron Project's contractors, GBS partnered with the Ironworkers union to establish a rebar training program. The skills acquired in the program put the students in a better position to work on the project as well as other industries. Hebron Project Employment Opportunities There is a high demand for workforce in the Hebron Project. Those wishing to work here can apply for job opportunities through different companies such as ExxonMobil Canada Properties (EMCP) and Imperial Oil Limited. The career opportunities in the project also include cooperative student positions. Applying for a job through these two companies should be available online. Contractors dealing with Gravity Based Structures (GBS) and Topsides are also expected to employ more engineers, fabricators, and constructors in the project. In these scopes, job applications are made through the individual contractors. The project also contracts the services of employment agencies that assist with the recruitment of labor. Advert // If you would like more information on the Hebron project then head over to their website and see the full scoop at http://www.hebronproject.com/
Barzan Gas Project Systematic upgrading that is crucial to current domestic developments demands that proper attention should be given in order to attain the necessary conditions for a provision of an ample supply. Advert // This is how the Barzan Gas Project is dealing with the inception of a higher demand rate for produce. Planned to be located just offshore of the green-field site of the Ras Laffan Industrial City in Qatar, this project that has been a long-standing partnership between Qatar Petroleum and ExxonMobil since its agreement and signage on the 6th of January 2011 continues to have the vision to be the world’s largest gas producer. Construction management and eventual operation supervision will be taken care of by RasGas, an institution famed for its global leadership in liquefied natural gases (LNG). Qatar is a well-known exporter of the same, but recent events have further rallied for a more diversified route, with a concentration on leaning to have an increased role in being a domestic provider as well. This goal was attained at the onset of several other plans that somehow augmented the pressure for a larger national supply. The grandeur of the FIFA World Cup 2022 to be held at the country and the building of infrastructures related to health and international transport, among several others, allowed the surge of demand for products outside of the typical oil range. As this is considered to be a major project, the Barzan proposition is included as a contributor for Qatar’s National Vision 2030. By that time, they have aimed to be coined as a developed country by then. The Barzan Gas Project reportedly has an investment worth $10 billion for its creation, financed by a mix of equity and syndicated bank and credit export agency loans. Advert // // However, despite the delay caused by news of gas leaks in its pipeline, the project that was originally meant to start its initial building preparations on November 2016 still shows good progress. Per published information, two Gas Trains that are to be expected to operate at its completion are already on near- end. It has been arranged that Hyundai Heavy Industries (HHI), a South Korean company, will be responsible for the production of the Gas Project’s offshore facilities that includes three wellhead platforms, subsea pipelines and subsea cables. Meanwhile Japan Gas Company (JGC) will be on the role of handling its onshore matters consisting of a gas processing unit, and Sulphur & Natural Gas Liquids (NGL) recovery units. Other highly-involved contractors include Chiyoda Corporation for the engineering design, Cape for the painting and the thermal installation procedures and Air Energi for the consultancy services. Once these platforms would be completed in a total of three separate phases, they are expected to bring about an output of roughly around two (2) billion cubic feet a day of sales. Once the Barzan Gas Project is complete it will consist of 6 Gas Trains, which will be added to the fleet of oil producers in the RasGas company, it is expected that the facility will get to boast of a production of around eleven (11) billion cubic feet per day. It has been estimated that a total of 20,000 employees were hired for a project that covers a 3 square kilometre site which is fantastic to see such a project in full flow. To find out more about the barzan gas project, head over to the Ras Gas website for more details, you can Click Here or visit =>  https://www.rasgas.com/Operations/BarzanGasProject.html Advert //
Exxon has made plans to launch 5 major offshore drilling projects in 2017 and 2018, they will contribute an extra 340,000 barrels per day to the firm’s global production capacity. Advert // These ventures include the Kaombo Split Hub-offshore Angola, Upper Zakum 750-offshore Abu Dhabi, Hebron-offshore Canada, Barzan-offshore Qatar and Sakhalin 1 Odoptu Stage II-offshore Russia.  Both the Hebron offshore and Sakhalin 1 Odoptu Stage-2 projects are expected to begin production by the end of 2017. For the latter project, they plan to add an extra land rig to drill deep wells offshore. This will form part of Exxon’s set of investments to access more reserves from Odoptu, Arkutun-Dagi and Chayvo fields found off Russia’s Sakhalin Island.  Exxon is operating as a consortium in the drilling project, working closely with other companies including SODECO, ONGC-Videsh and Rosneft. The group was first given a production-sharing contract by Russia in 1995, and they have been in operation up to date.  For the Odoptu Phase II drill, they are still at the design and development stage with plans to increase gas injection and water treatment volume. There are also plans for an extra land-rig of similar size and modular construction that will drill more deep wells of about 42,651ft. These additional facilities could be up from 2017-2018, allowing Exxon and its partners to get an extra 250 MMbbl of oil.  The Hebron platform has been established in St. John’s area Newfoundland, Canada. It has already undergone a thorough submergence test. Nevertheless, for the drilling platform jackets and production platform, both are expected to be delivered to the drill site in 2018, given that prefabrication of the items is still continuing in Dubai and Verdal.  Advert // // Kaombo consists of two FPSOs situated in block-32 offshore Angola, it was first sanctioned by the state before the global fall in oil prices. Though the operators maintain that there’s never been any question about suspending activity.  According to Exxon’s new Chairman and Chief Executive, Darren Woods, the firm’s continued focus on fundamentals and their capacity to manage a global portfolio through integrated business ventures, ensures that they are well positioned to create long-term shareholder value in their drilling endeavors.  In 2016, Exxon demonstrated solid operations performance, their overall capital and exploration expenditures was approximately $4.8 billion. Translating to a 35% decrease from the fourth quarter of 2015.  For 2017 and beyond, the company is planning to open more drills that will bring employment opportunities to people from all around the world. The 5 projects by Exxon are expected to create about 45,000 jobs in various levels of expertise.  Additionally, the U.S-based oil giant will increase its spending capacity this year by about 16%, which will form part of the resources used to launch the five major upstream projects. CEO Darren W. Woods comments that their job is to compete and become successful in any oil market, regardless of the price or conditions.  Through the new drilling sites, they hope to generate and deliver high-value products at the least possible price through attractive channels, and in various operating environments.  Apart from the above projects, Exxon also intends to begin oil production from Liza field off Guyana, at the 1-Bboe deepwater drill, which is expected to be done by 2020.  Advert //
Oil Rig Entry Level Salary Working in an oil rig may be regarded as dangerous, difficult work, but oil workers get very well compensated for the job they do, in this section we are going to give you an indication of the type of entry level oil rig job salaries and what you can expect to earn. As of 2011, according to Rigzone, the average salary for rig workers and other industry personnel was around $99,175. This is a rule of thumb depending on if you are staff or contract and of course, how much you actually work or how many trips y0u make offshore. The highly skilled get fat paychecks can add to that number dramatically, for example you can earn as much as $235,586 for a "drilling consultant" and $139,868 for a "reservoir engineer”. Of course salaries vary, especially if you are contract apposed to staff, there is no set in stone rate but the above figures will give you an outline of what can be achieved working offshore on the rigs. The average wage paid, even for someone with less than a year's experience was $66,923, with a good contract or working for the right company that could also be around the $80,000 mark. A roustabout, which is one of the lowest paid workers on a rig who does general maintenance and physical labor and requires little training, got between $34,680 to $50,000 (that’s like the median wage for all American workers), plus don't forget, more often than not you only actually work half the year!. Advert // // If you work offshore in countries like Norway, you could well do a rotation of 2 weeks off and up to 4 weeks off and still earn the same if not more money as Norway tends to have a higher salary bracket than the United States and the United Kingdom. The hike in the demand for drilling experts has been the major reason for the high wage rates as the industry becomes increasingly more technical, plus the fact that things are slowly hotting up again in the industry means there is a potential drilling boom in the United States, Brazil and worldwide towards the back end of 2017. Another thing to consider is the life cycle of workers, as with all walks of life, people retire so there is always room for new bodies within the industry, the cycle change in the industry is referred to as "the great crew change". Now you have an idea of roughly what you can expect to earn with entry level oil rig jobs, you should now start to learn and understand how you can actually apply for oil rig jobs. How To Apply For An Entry Level Oil Rig Jobs Contacting a Recruitment Agency that specialises in oil rig placements is the simplest way to apply for an entry level oil rig job. You only need to make your CV/Resume stand out and if you can prove to them that you have put yourself out and gained relevant certification as above and you can start work instantly then you are already ahead of the game. Be sure to have all the relevant medical and skills certifications, licensing and union memberships ready. Another thing, do not forget to end your cover letter by asking the company to call you for an interview. The main place to find said recruiters is on linkedin, as well as uploading your CV/Resume to major oil and gas job boards like oil and gas planet But, before you get going searching and networking and although we are stating the obvious, compared to jobs on dry land, entry level oil rig jobs are completely different. You don't get to work in a car, so you need to be prepared to be airlifted by helicopter to a designated oil drilling rig, wearing working gear and starting a 12-hour work shift. But bear it in mind that a job on an oil rig does not involve pulling thundering machinery in oil-soaked clothes anymore (that’s archaic now), well we say that, depends on what happens during your shift!. Significant numbers of oil and gas jobs today focus on automated operations which you will be trained to monitor and operate, however, at entry level there is still a great deal of manual labour required so you must be fit. It doesn’t matter whether you are working with a dashboard or a wrench; the oil rig industry is in need of highly skilled employees who are equipped with up-to-date training and a good solid attitude to properly operate the equipment on their units. Advert // // Be ready to attend additional training sessions during your weeks away from the unit, if you really wish to succeed and build a solid reputation within the industry then you need to put yourself out and show your superiors that you are serious about your new career. This serves as the only way to develop your professional skills and uphold superior standards as long as technological excellence is concerned. When you are on the rigs, be sure to volunteer for everything!. How to work your way up the ladder in oil rig career? USA, Norway, Gulf of Mexico, Australia, Canada, South Africa, and many other locations in the world offer entry level oil rig jobs. Getting employed is hard, but after you have succeeded to get there and proved yourself, you are open yourself up to several opportunities to get promoted. Many oil rig managers and superintendents who have made their way up to the top have started as simple roustabouts. If you can demonstrate that you are a team player and trustworthy, volunteer for additional tasks, apply for as many courses as possible then you will get promoted in the future, its as simple as that. If you CV/Resume is well presented with courses and certificates and you take the time to network and submit yourself on linkedin etc, this will only accelerate your chances of getting entry level employment in the offshore industry which will ultimately lead you to the path of promotion if you are dedicated enough. Just remember that the most positive part is the fact that your previous college education is really secondary compared to you putting yourself out and gaining industry relevant certification and courses, an employer is more concerned with what you are doing now that when you were in school. The lowest level job is the Roustabout then roughneck. As we know, roustabouts are in charge of doing the basic everyday tasks and keeping the equipment and maintenance efficient and clean. Yes being a roustabout is physically demanding and can be really dangerous if you are not switched on, this position belongs to guys who are not only physically fit but mentally fit to work in all weathers (this explains the reason behind the more-than-generous salary). Getting employed as a roustabout, however, is the easiest way to get your foot in oil drilling industry and start your future campaign to get promotion. Provided you have the capability to learn quickly and have adequate training and certification, it can offer you the quick-start level for being promoted to higher and better paid position, if you can show you can start from the bottom and follow what we have mentioned above, the only thing stopping you from progression is you. Advert // // If you work hard as a Roustabout, you can be sure to expect a promotion within a year or two, depending on how good you are you could go on to become a Roughneck or toolpusher. Roughnecks get paid slightly more because they are slightly more experienced than Roustabouts, and they perform more skilled tasks. Roughnecks‘ jobs include tasks like running and tripping pipe; operating some basic cranes; making pipe connections; moving mud weights; pipe tongs or drilling engines; making sure the shakers work properly. After working really hard as a Roughneck, you could be promoted in a couple of years, to perhaps Derrick Hand or toolpusher. Derrick Hand’s position is just below Driller’s. The Derrick Hand holds responsibilities of the drilling mud, mud pumps, mud pits. He is also responsible for putting stands of pipe in/out of the fingers. After gathering working experience for a couple more years as a Roughneck, if you continue to work hard, you can be sure that you’ll get to the Driller’s position. The Driller (Otherwise known as “Rig operator”) controls a crew of Roughnecks; he holds the responsibility of the machinery of the rig during drilling. The Driller serves as the second in command to the Manager, and takes responsibility for the crew when the Rig Manager is not around. As a driller, if you establish yourself well, you could work your way up to become a Rig Manager. Becoming the Rig Manager (Tool-pusher) requires that you have a stellar track record and years of dedication. This position has a high earning potential. The above is just a rule of thumb, so more experienced guys may disagree with the timescales involved but this is purely a rule of thumb. There are many factors such as the price of oil and the amount of projects around the world but this will give you an idea. The other thing to note is perhaps you don't want promotion, what you do find is that guys actually really enjoy what they do and find they enjoy not having too much responsibility, as the pay is so good a lot of guys like to stay exactly how they are. Sometimes guys only look at promotion when they feel they are getting a bit older and can't quite do what they used to do, everyone is different and you will find your way in time, we wish you the very best of luck in your new entry level oil rig job and please feel free to leave a comment below if you have any questions or queries on gaining an oil rig entry level job. We hope this article has provided you with a good overview on how to get started with your new oil rig entry level job. We understand that there is a lot of information to absorb, please click the previous button below to go back through this article, you can read this article in sections as much as you like before you go off and start the application process. We would advise that you go back and forth a few times so that the information can sink in. If you take only one point from this whole article, please let it be that " you need to be prepared " before you run off applying for new jobs. If you just read this article and start networking and applying on linkedin, you will lose leverage as recruitment agents really only want to see CV/Resume's that are ready to go. For example, there is no point spending a couple of hours per day connecting with relevant agents and applying for new jobs saying you plan to do this, or you are booked on this or that course. To give yourself the best chance, get out there and actually do it first! - Have you completed your survival course? Have you done a recent first aid course? Have you done x,y,z...Plan and prepare, then apply and go get your new entry level oil rig job!. Advert //
Oil Rig Working Conditions Obviously it is not for the faint hearted, working conditions on board the oil rigs are heavy and strict yet clean, fair and honest. Everyone who wants to apply for a job on the rigs wonders what working in such an environment would be like. The one main point you should take note of is space, can you handle working and living in small spaces? - When we say small, we don't mean a little box to get claustrophobia but you have to think that when you are offshore 24/7 spaces can feel even smaller as you can't change your mind once your offshore!. There is a form of isolation sort to speak, so you need to be prepared to get your head down and get on with things, you are surrounded by the open ocean which is hostile at times because you simply cannot go anywhere, depending on your location the weather can be extremely hot or cold so you need to answer honestly, can you cope in these environments? // // The other issue to consider when deciding on an offshore career is others, it's all well and good thinking of if you can handle the day to life of a rig worker but more importantly you must think of others. We say that as if you are perhaps a bit of a loner or not used to sharing your space perhaps oil rig life is not for you. Have you ever heard the saying that negativity breeds negativity? - Well, what you have to think about is that atmospheres are infectious both good and bad, can you imagine if you are a seasoned pro and the newbie complains 24/7 about conditions and the like, it really won't go down well. You will be putting yourself into a team environment so if you can't cope with that and think of others, then perhaps oil rig life is not for you. To be brutally honest, if you get a start offshore and moan a lot, complain about everything, you will not be popular, an oil rig workers rotation can go quickly when kept busy and happy vibes are spread throughout the platform, however, if you get a rotten apple as it were, it does effect all around and you will be told in no uncertain terms to buck your ideas up!. Oil Rig Living Conditions Working on the rigs is both in and outdoor depending on your tasks, however, most work is outdoors and in rough weather conditions. It all depends on your role, for example, chefs, cleaners and the like will mainly be indoors but for most who want to get into the business at entry level doing the more manual roles then of course you will be mainly outdoors. As a further example, geologists and engineers divide their operations inside the oil rig platform, among offices, and deck zones, outside, enjoying intermediate conditions; while managers, executive and administrative staffs work mainly in the offices, but roustabouts / roughnecks, drillers etc will be mostly outdoors. All new workers are provided with the relevant safety kit, for example, overalls, safety boots, safety glasses, and hard hat, obviously depending on your role there are of course further PPE but these are the basic issue equipment. There will be safety walk through s, evacuation procedures and many other procedures and toolbox talks you will be shown, as we mentioned earlier, safety is paramount, as important as black gold is, oil companies want everyone to go home safely. Advert // Monetarily speaking you are well looked after with what is included within your working environment, there are no outgoings when you are offshore as everything is included. As you will not further in this article, Income and remunerations that come with offshore jobs are significantly higher than any similar land-based positions. All your expenditures, which includes the amount that should have been spent on food, accommodation and travel when going to and leaving from the workplace, are taken care of by the oil rig company, so you basically save everything that you have earned. It can also be more financially attractive to work in a foreign country as of the tax implications but that will be covered in another article. Oil Rig Working Shift Patterns When we are talking about rig working shifts, hours or rotations, timetables and shifts are the other very important thing for you to consider. Rotations do vary, depending on the company, country and the type of position. As a general rule of thumb, and this is just a rule of thumb, you should commit to working 14 days on and 14 days off. When offshore commenced back in the late 70s this was the norm, however, with HSE now dominating the industry which is a good thing for you and everyone else, rotations have changed. It is not uncommon for rig workers to work 2 weeks on and have 3 weeks off, in more liberal countries such as Norway and even offshore in the Netherlands, it is not uncommon to work a full 2 week rotation then gain 3 to 4 weeks leave. Some previous jobs for Norwegian oil companies have paid crane operators around €76,000 per year and they work 2 weeks then get 4 weeks off. - Interested? Yep it's a good career if you can get in. Hourly schedules and timetables vary from 80 to 100 hours per week; on rig platforms, this often seems like a never-ending and tiring working week but what you must understand is, while you are there, if you work you are busy so you just get your head down, suck it up and get on with it. The more time you have to sit around, the more time you have to moan and whine about life. Apologies for the bluntness but, this is a mans environment and you are being paid very well so you just need to get on with it and contribute to the team. As in the animal world, the weak don't survive and we don't mean you need to be a cage fighter or some form of brute, you just need to understand that you will be part of a team, almost like the army without guns. Everyone has a role to do that makes the wheel of offshore life flow smoothly, its as simple as that, put the effort in and you will gain the respect and a career for as long as you want it, if you moan and spread negative vibes you can bet your bottom dollar you will not be asked for another trip offshore. The keyword is routine, everything is well planned and you will be part of the rig daily cog and will have to contribute. Make no mistake, if you work hard  you will be well looked after, everything offshore has been improved since the late 70s, the food is awesome and everything is laid on, some rigs have cinemas, games rooms, gyms and other luxuries specially provided so that any down time that you do have is comfortable. Click the next button below to continue reading, in the next section we are going to delve into the actual benefits of working on the rigs with an entry level oil rig job, you will get a feel for what you can expect when you are working offshore. Advert //
Oil Rig Entry Level Qualifications The categories of qualification for jobs on the oil rigs are varied such as time served, professionally qualified, and of course more basic entry level labour orientated qualifications. Advert // It would be a mistake to say that all roles require high end qualifications as they simply do not, there are many roles that simply require a physical background with safety credentials and a hands on can do approach or even a basic trade background. Obviously, it goes without saying that you cannot simply wake up and decide you want to be an electrical or mechanical engineer as these types of jobs require numerous years of study, high level certification, diplomas and degrees, plus many years of relevant experience. However, there are many roles on the rigs that do not require such qualifications such as degrees and diplomas or 4 years plus qualifying for a high end trade such as a fully coded welder, pipe fitter etc. The more day to day jobs that do not require degrees and diplomas are listed below, they are varied between requiring no formal qualifications through to only requiring course and experience and or apprenticeships, for example (please also read on as below is either no qualifications and or trade type), the below are to give you an idea only: Roustabouts Roughnecks Toolpushers Riggers Drillers Oil rig mechanics Fitters Welders Platers Boilermakers Technicians Crane Operator Again, some of the above mentioned jobs only require you to be physically fit and of course you have completed various survival and safety courses, but some roles such as fitters, riggers do require you to have done some form of trade apprenticeship even if for example you have worked 4 years plus in a car plant. For example, perhaps you have attended relevant courses to back up your experience as a rigger, basic welder or fitter or perhaps you have put yourself through a recognised rigging course etc. It is also worth noting that even high end jobs such as superintendents are still possible without degrees and diplomas if you work your way through the ranks and can provide the relevant experience to do such a role, but of course you need to start with an entry level job and work your way up. Advert // Safety and environmental protection and prevention is a huge responsibility on oil rigs, qualifications in that field could earn you a job on oil rigs simply by being ahead of the competing competitions. Have you been working in the manufacturing industry as a HSE executive and have course qualifications and experience working with hazardous materials. These are the types of jobs where yes, qualifications are required but, you have gained them through short courses over the years and have HSE certification to back up your experience. As another example, perhaps you are a qualified scuba diver and thought this was just a hobby, well, deep water scuba divers are also employed by oil rigs and pay very handsomely too. Working as a deep sea diver perhaps is not the longest of careers as of what you put your body through at certain depths but the financial reward can be so beneficial that you can retire early. Doctors and paramedics are of high importance and found on any large oil rig, with health and safety laws changing for the better over the years there are many openings for medically trained staff, are you a qualified nurse? ambulance driver, paramedic, etc. There are also chefs, cooking and catering-related jobs on rigs that only require basic experience plus food and hygiene related certification. Also, never forget that oil rigs require cleaners, which keep the offices, gally, living quarters, and bathrooms clean; they are also in charge of washing, emptying and sorting waste which is a very important role offshore as there is no way to hide waste or ignore bacteria. Cleanliness is taken very seriously offshore, for all you may think of big offshore tigers!! guys offshore take great pride in cleanliness as in essence, this is their home for 2 to 3 weeks at a time so make no mistake, offshore cleaners are as important as anyone else on the crew and no one would want to work on the oil rigs without them. Unless you have a friend of a friend in the industry who can get you are role regardless, then experience is imperative no matter how you ply your trade, you cannot beat experience and you cannot beat the fact that you have put yourself out and gained the relevant safety qualifications to set foot on an oil rig, the point being is, there are endless opportunities you just need to reach out and take them. Needless to say, this day and age every oil companies number one remit is safety, QHSE - (Quality, Health, Safety, and Environment), this comes first over everything, including getting the black gold out of the ground, reputations are everything and with so many accidents over the years oil companies have been forced to be whiter than white when it comes to human and environmental safety. HSE has gone a step further than management of problems and accidents, it goes to the other end of the scale now as it is all about accident prevention, risk prevention and putting procedures and personnel in place to mitigate as much risk as humanly possible. In order to operate, oil companies need to prove in advance that they have taken every precaution necessary to negate any incidents in advance. If you have the interest in working on oil rigs and would like to know the qualifications required to do so, there are some to factor involved. Which ever type of entry job you are looking for there are some basic criteria that you simply must meet in order to be considered. As we mentioned earlier, you don't need a degree or a higher level of education, however, the below examples of some of the the minimum qualifications required for employment on almost any modern day reputable oil rig: You are above 18 years of age You are considerably physically fit You should also be psychologically fit You will need to pass a physical test You will need to pass a medical You don’t smoke, and you can stay away from alcohol during your 14 to 21 working days You are clear of any form of illegal drugs or even they are legal in your area they are not offshore. You have the willingness and ability to take on the unusual schedules of oil rig work. You are willing to work both day and night shifts You are capable of working consecutive days on end without weekend breaks. You are a team player who is safety conscious You are willing to travel on helicopters Click the next button below to continue reading about how to get an oil rig entry level job, in the next section of this article we are going to discuss the working conditions, shift patterns and rotations that are available offshore on the rigs, then we will also delve into salary guidelines for entry level oil rig jobs and how to apply. Advert //
Benefits of Working Offshore What are the benefits of working offshore in a new entry level oil rig job? Obviously you would not be reading this article if you did not have a reasonable understanding of the tremendous benefits to working offshore in the oil and gas industry. As well as excellent salaries and day rates which you can earn working on the rigs, one of the attractive sides of working offshore is that you get some really good time off and when we say good time off, literally you could only work half of the year and still get paid more than most people. Advert // // As well as the financial aspect of your new entry level oil job, some of the other main benefits of working offshore allow workers lots of time to carry out their private and family-related activities or to devote to another job or business if you so desire. While on board of your rig and during downtime, you may spend your limited spare time enjoying different varieties of resources and activities, because modern offshore installations come with an interesting variety of leisure-generating activities, made to ensure that employees are comfortable. There are gyms, sauna, modern satellite TV and phones, updated selection of videos, video games, access to Internet, etc., all for the comfort of employees. In order to ward off stress and ensure that quality work is done on the rigs, the well-being of workers is vitally important. Within the main, most oil and gas companies render special services to their employees for 100% free as it is in their interests for you to be happy in your work. Obviously to you the benefits are great, but you need to remember that for every single second and minute the platform is operating, your actual benefits and salary is just a drop in the ocean, we probably couldn't even explain how small a portion each and every worker costs oil companies during operation as we are talking millions of dollars per day in output. Some companies, on behalf of their staff employees, will secure top medical insurance, life assurance and disability insurance and sick leave (for some staff workers). In some certain cases, those companies will also implement profit sharing schemes, which involves taking a percentage of your wage and putting it in a profitable savings account on your behalf. As you probably know already, oil jobs don’t come easily; in fact, the process can be long winded if you do not follow what we recommend in this article. The positive side is that when you do get on board the hard work is done. Obviously you need to work hard and gain a good solid reputation, but the hardest part is making your first breakthrough into the industry. All employees are extremely well-paid and free of any sort of expenditure, with excellent life conditions while they are not working. This may serve as excellent compensation for the harsh conditions while working as obviously you don't get so much money and conditions for free, you need to work hard. If you are getting getting excited about your new career offshore, you need to check these important points below: The benefits of working on an oil rig have been mentioned earlier above, but just in case you didn’t get it, we will explain it in greater details as we proceed with the rest of this article. Advert // // Salaries that workers are paid on oil rigs solely depend on the company they work for and location, but the typical minimum day-wage is around $300, please continue reading to see a full rundown of compensation rates further down this article, this is just a very basic summary of the type of money you can expect to earn. You also will not need to pay any money for food, laundry, lodging clothing and the company covers the airfare, even from far out regions. This is good money and it creates an avenue for most of the oil rig workers to save a lot of it in a few short years, thereby generating a good capital base which can be used to finance other businesses or secure early retirement if you just want to enjoy your time off. As long as you are a worker on the oil rig platform, your living requirements such as accommodation, food and laundry will be catered for. Food served to rig workers is usually of a very high standard and is available to workers to eat as much as they want during the day and night. Gone are the days of basic school canteen style food, as the old saying goes, an army marches on its stomach, the same goes for oil workers. During the time workers spend on rig platforms, most of them are required to work on shifts that last for twelve hours straight, if not longer. Usually double shift patterns are in progress so workers are also needed to work both day and night shifts. If you really want to make money, there is usually many occasions where overtime can be worked thus increasing your earnings tenfold. This simply means that you need to be able to work at night as well as days, however, while you are offshore it really doesn't matter as you will be kept busy regardless and you will soon find that most guys want to work every minute they are offshore as the time flies by when you are kept busy. As soon as shift crews have completed their shifts, they could still be regarded as on-call and they must proceed to the rig floor if their services are needed. Once a worker has completed their roster, they are then flown from the offshore platform by helicopter. Advert // Click the next button below to continue reading as in the next section we are going to get into the entry level oil rig job salary, you will learn and get a feel for what estimated salaries you can earn working on the rigs, what to expect and a guideline to what certain entry level jobs can actually pay.