Pn5

Hi,
I am a process engineer with more that 20 years experience in O&G. What sort of package / day rate I should expect. Appreciate feedback.

co durham boy

If you do not know your own worth by now after 20 years i'm afraid not many can help you .

Pn5

Hmmm....I sincerely hope it is that simple in this current low oil price scenario. All of us here want the best possible deal and at the same time being pragmatic....thanks anyways...

co durham boy

Mate , let's be honest you should know the going rate for what you do . At least a ball park figure of what the deals are and how they are structured.

Bahtatboy

That's a bit harsh if the OP hasn't been involved in the ME recently, or at all. The value of something only ever equates to what someone's willing to pay for it, and let's be fair, the ME O&G industry has gone through turmoil in the last 10 years.

co durham boy

I didn't think it was harsh at all .

Pn5

You guys are stalwarts of this forum. People like me, new to the forum, look up to you for advise. For experienced personnel in O&G, my understanding is nett 1000 USD per day (and with oil price hovering around 40 to 50 dollars) should be a reasonable rate. The intent of my post was to get feedback on ME market as I do not have any clue. Cheers

Charl01

USD1000.00 net a day about AED113K a month.......wow

RI207

PN5 - you will not get $1000 a day in this market. I have heard figures of $550-$650 per day plus housing allowance (about $1500-$2000) + medical allowance.


This is the sort of package you can expect on a contract hire.

Bahtatboy

Big differences between day rates (for short-term assignments), packages (for permanent employment), OEM/specialist company rates (employees hired out by sizeable companies) and the self-employed. $1k per day is not unusual for a specialist from an OEM, for a relatively-short duration (often up to $1.5k), but usually the guy actually doing the work will be on a fairly average salary. Process engineers aren't two-a-penny, and it's always driven by supply and demand.

Pn5

Appreciate feedback from all of you, allows me to be more realistic and negotiate. They are offering a similar figure as suggested by RI207 for a 3 year contract. Thanks.

Bahtatboy

If that's for the following, then it doesn't sound to shoddy (assuming they pay you a daily rate, which sounds surprising if they want you for 3 years).

Weeks / year: 52
Leave weeks: 6
Working weeks: 46
Days / week: 5
Working days / year: 230
Gross: $600 x 230 = $138,000

Even better if they flog you and make you work 6 days a week.