Oil Companies in Nigeria: Recruitment policies and salary structure

Nigeria is the largest oil and gas producer in Africa. Crude oil from the delta basin comes in two types: light, and comparatively heavy – the lighter around 36 gravity and the heavier, 20–25 gravity. The Nigerian economy is heavily dependent on the oil sector, which, accounts for over 95 percent of export earnings and about 40 percent of government revenues, according to the International Monetary Fund. According to the International Energy Agency, Nigeria produced about 2.53 million barrels (402,000 m3) per day, well below its oil production capacity of over 3 million barrels (480,000 m3) per day, in 2011.

What this means is that it is a very lucrative field to work in, and contrary to popular sayings that field is supersaturated with workers, the industry still needs a lot of manpower and is still actively hiring professionals.

Recruitment Policies

The following are things about employee profile that tend to make some difference:

Major Area of Study – Oil Companies tend to pay higher salaries to employees with rare oil-industry-specific-skills and training. Stuff like Petroleum Economics, Petroleum Engineering, and Geosciences are among the hottest Majors.

School Attended, Grade Earned, and Certifications Obtained – There are exceptions to this one though depending on your area of focus. (While some companies may give preference to candidates with foreign M.sc degrees, others like Shell are said to give more credence to high-performance-skills than academic credentials when considering let’s say, field workers )

Read Also: Salary Structure of the NNPC (2019)

Relevant Experience – When it comes down to it, nothing would make more difference than the good old experience. That’s why many Petroleum Industry professionals usually advice newcomers to do all it takes to build up their experience profile – yes, even if it means working a while (for little or nothing) with a licensed Oil and Gas sub-contractor.

Salary Structure

1. Total E&P Nigeria

Entry Level Salary: N7, 000,000 – N12, 000,000 / year 
Total is arguably the highest paying company in Nigeria today, with about 1700 employees.​

2. ExxonMobil

Entry Level Salary: N6, 000,000 – N10, 000,000 / year 
ExxonMobil, through her two upstream subsidiary companies, is the second largest oil producer in Nigeria, with a cumulative total of up to 4 million deep-water/shallow-water offshore acreage.​

3. Chevron Nigeria

Entry Level Salary: N6, 000,000 – N9, 000,000 / year 
Chevron is the third-largest oil producer in Nigeria with a daily production capacity of over 230,000 barrels of crude oil.​

4. Shell Nigeria

Entry Level Salary: N3, 360,000 – N7, 800,000 / year 
Shell Nigeria is the oldest and the largest oil producer in the country. It produces over 600,000barrels per day (about 21% of Nigeria’s daily output) with about 6000 employees of which about 90% are Nigerian nationals, including its current MD.

Read Also: 10 highest paying jobs in Nigeria

5. Aiteo Eastern E&P

Entry Level: N3,600,000 – N5,000,000 / year 
Aiteo is an upwardly mobile Nigerian independent E&P company with ambitious interest in some of the world’s most significant basins.​

6. Schlumberger Nigeria

Entry Level: N3,600,000 – N6,000,000 / year 
Schlumberger is a multinational E&P oilfield service provider specializing in technology, information and management solutions in both the midstream and upstream sub-sectors.​

7. Halliburton Nigeria

Entry Level: N3, 600,000 – 4,500,000 / year 
Halliburton is a multinational upstream E&P service provider specializing in working and reservoir solutions.​

8. Saipem Nigeria

Entry Level: N2, 400,000 – N4, 800,000 / year 
Saipem Nigeria is subsidiary company of Italian oil giant.​

9. Seplat Petroleum

Entry Level: N2, 400,000 – N4, 800,000 / year 
Seplat is a front line Nigerian independent upstream E&P company listed in both Nigeria and London stock exchange.​

10. OANDO Group

Entry Level: N1, 800,000 – N4, 800,000 / year 
Oando is Nigeria’s first IOC with annual revenue of $1.9 billion in as far back as 2010.​

11. CONOIL

Entry Level: N1,800,000 – N3,600,000 / year 
Conoil is an indigenous IOC with about 6 blocks in the Niger Delta and 25% Equity stake in the Block 4 of Joint Development Zone (JDZ)​

Author: BF

light sleeper, heavy dreamer.

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