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workover rig salary quotation

- Oct 15, 2022 -

workover rig salary quotation

* Please note that all salary figures are approximations based upon third party submissions to SimplyHired or its affiliates. These figures are given to SimplyHired users for the purpose of generalized comparison only. Minimum wage may differ by jurisdiction and you should consult the employer for actual salary figures.

workover rig salary quotation

The average drilling rig floor hand gross salary in United States is $50,175 or an equivalent hourly rate of $24. In addition, they earn an average bonus of $783. Salary estimates based on salary survey data collected directly from employers and anonymous employees in United States. An entry level drilling rig floor hand (1-3 years of experience) earns an average salary of $37,058. On the other end, a senior level drilling rig floor hand (8+ years of experience) earns an average salary of $61,100.

ERI’s compensation data are based on salary surveys conducted and researched by ERI. Cost of labor data in the Assessor Series are based on actual housing sales data from commercially available sources, plus rental rates, gasoline prices, consumables, medical care premium costs, property taxes, effective income tax rates, etc.

Manipulates the drill pipe on the oil rig platform floor, and installs, checks, cleans, and performs maintenance on rig floor equipment. Assists other rig crew with mixing drilling mud and lost circulation material and chemicals. Prepares and performs checks on the drill string components.

SalaryExpert, powered by ERI, provides verified salary and cost of living data to the public with a comprehensive platform for evaluating compensation, career, relocation, and education decisions.

workover rig salary quotation

NEW YORK (CNNMoney) -- It may be dangerous, difficult work, but oil drillers are well compensated for the job: In 2011 the average salary for rig workers and other industry personnel was $99,175.

That number includes fat paychecks for the highly skilled, like $235,586 for a "drilling consultant" and $139,868 for a "reservoir engineer", according to Rigzone, an industry information provider that compiled the figures.

A roustabout, one of the lowest workers on a rig who performs general maintenance and physical labor and requires little prior training, made $34,680 -- the median wage for all American workers.

"They are desperate," said Michael Durney, an executive at Dice Holdings, Rigzone"s parent company. "The industry is starting to look outside its core to fill these positions."

Durney said for those with few skills that want a shot on a rig, one strategy is to move to any number of states that are currently seeing a boom in oil and gas production and get a job in logistics -- driving a truck that brings supplies to the rig.

With a little planning it"s even easier to get a job on a rig right away. Several trade schools offer classes in oil field work, and the military offers training for those exiting the armed forces which could lead directly to work as a roustabout on a rig.

Once you"re on a rig, the companies themselves generally provide in-depth training programs where roustabouts can move up fairy quickly. "Rotary drill operators" make $58,540, according to the Bureau of Labor Statistics, while a rig foreman makes $193,306, according to Rigzone.

Demand for college educated rig workers is on the rise. At Houston"s Rice University, job postings for the oil and gas industry were up 14% from the year before.

In fact, office work may be the way to go for some. Rig life is hard. Long hours in desolate locations combined with little to do in the off time make this an industry that many don"t stay in for an entire career, said Durney.

workover rig salary quotation

SINGAPORE (Reuters) - What jobs offer the highest pay? Investment banking is up there. So is specialist surgery.Johnathan Roberts, operations manager of S.D. Standard Drilling Plc., poses for photo on an oil drilling rig being built at the Keppel FELS shipyard in Singapore October 12, 2012. Slightly over twenty years ago, Roberts started work on an oil rig at $5 an hour. Today, the newly appointed operations manager of Norway"s Standard Drilling makes about half a million dollars a year. Even accounting for inflation, it"s a huge jump for the 45-year-old American. Salaries on oil rigs have soared because of a global boom in offshore drilling. Managers and workers are scarce in this specialised industry, where the work is intense and the job involves living on a platform in remote seas for weeks. For new players in Asia, where the energy demands of booming economies are driving a foray into offshore drilling, the costs and availability of skilled workers will be a big restraining factor. Picture taken October 12, 2012. To match Feature OIL/RIGS REUTERS/Tim Chong

But consider this. Slightly over twenty years ago, Johnathan Roberts started work on an oil rig at $5 (3.12 pounds) an hour. Today, the newly appointed operations manager of Norway’s Standard Drilling makes about half a million dollars a year.

Even accounting for inflation, it’s a huge jump for the 45-year-old American. Salaries on oil rigs have soared because of a global boom in offshore drilling.

Deepwater drilling, one of the most difficult but most lucrative parts of the extraction business, has mainly been centred in the Gulf of Mexico. But in the past decade, Brazil has become a key player, exploring untapped reserves in the Santos basin as far away as 300 km (188 miles) southeast of Sao Paulo, and at depths of over 1,500 metres. That drive is sucking in hundreds of rig operators, drillers, engineers and other technicians.

There were 540 offshore oil rigs in the world last year and, by the end of 2012, the number should rise by 51 to 591, says Faststream Recruitment, a U.K.-based firm that specializes in hiring for the shipping, oil and gas industry.

The increase would mean more than 11,000 new jobs over the next 12 to 18 months from a total of 117,000, based on an average need of about 184 jobs on one rig, he said.

“If you consider that over the past 10 years, the annual number of rigs under contract has grown to average 539 during 2011, it becomes apparent that offshore employment for workers actually housed on floaters and jackups will spike significantly,” Robertshaw said.

The labour crunch has already seen pay for a roustabout, the least skilled worker on a rig, nearly double in the past five years to $18-$20 an hour. A roughneck, a rank higher, earns about $27-$28, said Roberts, the U.S. rig manager.

The salary increases show up on balance sheets. For Keppel Corp., the world"s largest rig builder, wages and salaries surged 27 percent to $1.43 billion by 2011 from 2007, while the number of employees increased 5.7 percent over the same period, according to its annual reports. Nearly 90 percent of staff work in the oil rig division.

workover rig salary quotation

Some people in offshore drilling will tell you to try and make the leap to water right away. While this is certainly possible, it’s harder without connections. Roustabouts don’t need any prior experience to get the job at an offshore rig, but don’t kid yourself — previous experience always helps get you a foot in the door.

Apprenticing at a land rig for a year or two, where jobs are easier to find, is a great way to separate yourself from the pack. The demand for offshore drilling jobs is very high, so don’t think you’ll be able to start without significant effort and relationship-building.

If you’re lucky enough to skip directly from step 1 to step 3, be ready for a hard road ahead. While roustabouts don’t need any formal training or even experience in the drilling business to apply, prior experience does help toughen you up to the realities of living for weeks on end on a dirty, dangerous rig with little variety and endless water all around you.

But if you can handle all that, your salary may very well start at $50,000. Keep in mind, this is $50,000 for working roughly half as many hours as most Americans do, which makes your “real” hourly pay somewhere in the $100,000/year range if you were to work a full-time job.

While surviving as a roustabout, learn not to complain. Not to be nuisance. Learn to learn, and to do your job well. Even though you’re just an entry-level apprentice, rig managers and other managers down the line will know if you’re up to snuff — after all, you’ll all be spending a lot of time together. First impressions matter more in the offshore drilling world than they do in other, more flexible businesses.

Assuming you do your job well, have your head screwed on right, avoid common injuries, and make a good impression, it’s not too hard to get yourself promoted to roughneck within a year, and sometimes in even less time if you’re especially promising.

Another year or two as a roughneck, and you can become a pumpman, also known as an assistant derrickman. Again, we cannot stress how important the right attitude and commitment to learning can be for your career. You don’t need to be the sharpest tool in the shed, but you need to be committed and willing to work even in the harshest weather. A good attitude will take you very far.

After you become a derrickman, assistant driller is the next stop. At this point, 5-10 years may have passed, you’ll be making around $80,000/year (you still have half the year off, more time for hunting), and you’ll be directly supervising roughnecks, pumpmen, and derrickman. You’re the rig manager’s right hand man, and help him oversee all the daily operations of the drill. This is no small task, which is why only the brightest and most dutiful apprentices can become drillers.

It’s always good to think long-term. Once you’re older, the more strenuous and physically taxing work becomes exponentially harder. So, keep in mind that rig managers easily make more than $100,000/year — the average is around $150,000, according to Glassdoor — and geologists who work for oil and gas take home a similar paycheck, but work in more comfortable settings.

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