19 March 012, Sweetcrude, ABUJA – A typical oil and gas executive in Nigeria earns nearly half a million dollars a year – the biggest pay for working abroad over salary levels in Britain, a research released on Monday shows.
A typical senior oil and gas employee in Nigeria will receive a supplementary country premium worth 45 percent of base pay, taking the total salary to $454,400 a year, reports Reuters, quoting a study by the Curzon Partnership recruitment consultants.
This trumps packages for executives working in Libya or Iraq, who could expect a total salary of around $354,900, the research found.
Oil and gas workers from developed nations working in Nigeria are paid well because of the number of projects that need international staff, local skills shortages and big cultural differences, the firm said.
“Whilst Lagos is an exciting and well established place to work for expatriates, oil and gas companies recognise that the incentives have to be high, because life as an expatriate in Nigeria is so different from countries with broader industries and higher standards of living,” Helen Di Mauro, a partner at the Curzon Partnership, said.
Oil industry executives in Indonesia can expect a premium of 40 percent in Indonesia, 35 percent in Ghana and 30 percent in Libya, Kurdistan or Egypt, the research found.