M a r k e t N e w s

East Africa surpasses Middle East with high paying jobs in oil and gas

Posted on : Monday , 11th August 2014

 The study by Von Essen, providers of tax advisory services to international contractors, said that a growing number of oil and gas jobs offering more than US$171,172 per annum are being created due to increased exploration and extraction activity in the continent.

Von Essen added that Africa is now second to Europe for the number of highly paid roles advertised for top UK oil and gas industry professionals. Europe accounts for 41 per cent of the share.

There has been increased discoveries in Kenya, Ghana, Tanzania, Niger, Uganda, Mozambique and Angola, besides northern Africa and Nigeria.

The services firm added that the business environment in many African countries has been improving, encouraging greater external investment. Ghana, Niger, Uganda and Kenya are now able to produce more than 100,000 bpd.

Nigeria is estimated to be the world’s tenth most oil-rich nation and one of the few oil producers that has not yet hit peak production. Nearly all of the country’s reserves are found in the delta of the Niger River where there are approximately 160 oilfields and 1,480 wells in operation.

The study maintained that Angola has also become a leading producer of oil, is a member of OPEC since 2007 and is the third largest Sub-Sahara African trading partner with the USA, primarily because of its petroleum exports.

Lydia Marref, partner at Von Essen, said, “The fact that Africa now offers the second largest pool of high paying jobs in the energy sector is a very significant milestone. Africa has become increasingly attractive to international exploration companies and investors as it has become easier to access oil reserves and the continent has made great strides in becoming more business-friendly.

“It is likely that in the future, oil and gas companies drilling in Africa will require more consultants as new reserves are found.”

Marref added that with the most highly paid roles concentrated in Europe, there are plenty of attractive opportunities there. “However, consultants shouldn’t overlook the fact that there are other regions also offering high pay, interesting work and great opportunities for career progression.”

Source : www.oilreviewafrica.com
Featured Companies
  • Bajaj Auto
  • Tire Group International, LLC.
  • /
  • TITAN Containers A/S
  • Your Banner HERE!

Complete List  

Advertisers in previous issue:

  • Hevt Duty Machinery
  • Dedicated to the Engineering Manufacturing Sector in India
  • From a modest beginning in 1955, the IGP Group today provides over 50 products and services to the core sector.
  • Multi feedstock batch processing biodiesel equipment
  •  EuropCorr is a company specialized in design, manufacturing, sales and consultancy of corrosion monitoring systems mainly for petrochemical, oil and gas industry.
  • Sonmez Makina Ltd. is a manufacturer and exporter company for filling systems of domestic use LPG cylinders.
  • VALSER Oil & Gas Limited was created to service the oil & gas, petrochemical, refining and power industries in East Africa
  • Chemicals,Environmental & Sewage,Treatment Laborotory;Equipments Analytical Equipments & Instraments;etc.
  • Ravi Enterprise is a professionally managed organization, established as a reliable source of industrial heaters.
  • GLOBE GAS specialises in Multi Cylinder installation, Pipeline Installation, LPG Tank (Bulk) Installation, Designing Kitchen Layout etc.
  • Industrial  machinery
  •  Unipro was born to transmit and give it’s experience in trading high quality safety equipments ensuring high quality products under international standards required in the Oil and Gas, Mining, Construction, automotive, Steel and Chemical industries.
  • BITZER ranks among the leading manufacturers of refrigerant compressors.
  • Narrowtex is a fully integrated company with processes such as warping, weaving, knitting, dyeing, finishing, make-up and packaging
  • Used Machinery
  • FAS Flüssiggas-Anlagen GmbH, Salzgitter, is one of the leading manufacturers and suppliers of LPG fittings and components for complete stations for the storage
  • LINTEC doub- le screen technology and the worlds first asphalt mixing plant in 100% ISO sea containers.
  • Manufacturer refrigerated-type air dryer, desiccant air dryer and compressed air in-line filter.
  • Pumps for dewatering, ground water control, sludge and slurry handling.
  • The trusted source for all your heavy  equipment needs!
  • Manufacturer of extrusion lines,extruders and down stream equipment.
  •  SS Gas Lab Asia is a reputed engineering company, engaged in manufacturing of carbon dioxide gas plants, hydrogen gas plants, nitrogen dioxide gas plants, CO2 storage tanks, CO2 transportation tankers and dry ice plants.
  • A world leading name in Heat Transfer Technology
  • Producing numerous types of welding consumables and welding machines for both the domestic and international market
  • Vrushabh is one of the leading manufacturer and distributor of Conveyor Belts, Transmission Belts, Elevator Belts, PVC Belts.
Afrotrade International Marketing, Tel: +971-50-6285684
© 1998-2023 Afrotrade