Factbox: How Norwegian oil workers' pay compares to other countries
By Bozorgmehr Sharafedin and Nerijus Adomaitis
LONDON / OSLO (Reuters) - Oil and gas are viewed as a sector that offers relatively attractive wages, although average wages vary significantly from country to country.
While workers in Norway are currently on strike over pay, data show that they are among the highest paid in Europe and double the wages of workers in Latin America. Yet they are far less well paid than Australian or American workers.
Below are details on how to compare payment.
The average salary of full-time workers in oil and gas exploration, including support measures, in Norway in 2019 was 930,000 kroner, or $ 100,000, according to the Norwegian Statistics Bureau. The number includes allowances and bonuses and excludes overtime.
The Norwegian Union Lederne called a strike that began on September 30th, demanding higher wage increases than oil companies proposed that year, and equal wages and conditions for workers in onshore remote control rooms and offshore workers.
Latest data from Lederne shows that oil and gas workers in Norway earned around 915,000 kroner, or $ 98,000, in 2018 and that their members in oil and gas companies earned around 25% more than the average wage of workers in any industry in Norway.
WELDERS, ENGINEERS, RIGGER
Data from Rystad Energy also showed that oil engineers and welders in Norway had higher wages than workers in the UK and South Korea.
Average hourly pay for oil engineers was $ 50 an hour in Norway, less than $ 30 in the UK and more than $ 60 in the US.
Welders in Norway were paid an hourly rate of $ 30 more than US, British, and South Korean workers.
Riggers received less than $ 30 an hour in Norway, as did US and South Korean workers.
AUSTRALIA / NZ TOP
Oil and gas workers in Australia, New Zealand and the neighboring islands are the highest-paid in the world, earning an average annual salary of $ 140,000 for 2020, according to the Global Energy Talent Index Report by human resources firm Airswift.
According to the Global Energy Talent Index Report, workers in North America are the second highest in the world with an annual salary of $ 112,000, while the average annual salary in Europe is $ 82,500.
Workers in Latin America earn an average of $ 48,000, one of the lowest levels in the oil and gas sector in the world.
INFLUENCE OF THE UNION
"Regional union formation has a huge impact on wage fluctuations," said Matthew Fitzsimmons, vice president of cost analysis at Rystad Energy, an independent energy research company.
"For example, while labor rates have been falling in the US, oil and gas labor rates in Canada have remained stable in most cases due to high levels of union formation in the country," he said.
According to the Norwegian Statistics Office, the income of Norwegian oil and gas workers increased by almost 10% from 2015 to 2019.
Although Norwegian workers are among the highest paid in Europe, their salaries have declined compared to other regions in recent years, mainly due to the weakening of the Norwegian krone against the US dollar.
Since the end of 2014, the year the oil price fell, the Norwegian krone has weakened by 50% against the dollar.
(Reporting by Bozorgmehr Sharafedin; Editing by Susan Fenton and Mark Potter)
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