Rates of Pay for Oil and Gas Engineers

As with any contracting position, daily rates can vary and are greatly influenced by supply and demand, challenges of the role and the level of responsibility. Contracting in the oil and gas sector makes you a highly desirable candidate as you have very niche specific skills where the range of job opportunities is higher than the contractors available.

Quite honestly we've checked a few sites and the range of daily take home page is huge in the oil and gas sector and ranges from £300 per day to £2,000 for special oil and gas engineers. On average, experienced oil and gas contractors earn £1,000 per day.

When starting out, the rate you charge for your services all depends on the experience and specialist skills you have. If you are a new contractor within the Oil and Gas sector, you cannot expect to demand the same daily rate to that of an experienced contractor who has a wealth of experience.

Negotiating your contract rate is vital as an oil and gas engineer, especially when first starting out– it’s likely that you can increase the standard rate by playing on your skill set. Remember to take into consideration the following when negotiating your daily rate:

  • Level of experience you have
  • The demand for your specific skills
  • Ability to negotiate (very important and something many find uncomfortable)
  • Keenness for the job

Daily rates are often linked with demand, the oil and gas industry has a constant high demand, as a result contractors can benefit from increased daily rates to compensate for increased workloads.

Below are some examples of contracts you may find. Don't be disheartened that there isn't a £2,000 per day contract, these contracts are usually advertised stating, contract rate negotiable or daily rate available on request, this so they attract the correct skill sets and are not inundated with applicants.

Electrical Engineer (Charted) - http://www.outstanders.com/Contractor/

Required Skills: 

  • At least 10 years in Upstream projects (Platforms, Subsea, Onshore hook-ups etc)
  • FEED, & Detailed Design experience essential
  • Previous pre-FEED & Conceptual/Studies exposure would be advantageous
  • Detailed design of Onshore and Offshore projects
  • Conceptual engineering philosophies
  • Bid analysis; Technical review
  • Commissioning procedures (offshore and onshore). At a detailed level, we would be looking for experience of: HV and LV equipment
  • Main power generation and Compression gas turbine packages
  • Power management systems
  • Main switchboard design and requisition
  • Emergency generation
  • UPS systems
  • Hazardous area equipment
  • Photovoltaic and wind power generation for un-manned platforms
    Daily Rate: £400

Senior Drilling Engineer - http://www.oilcareers.com/

Required Skills:

  • 5-12 years industry experience in drilling
  • Including experience in the North Sea
  • University degree in engineering
    Daily Rate: £1,150

Systems Engineer Superintendent (Gas)- http://www.fircroft.com

Required Skills:

  • Minimum HNC, preferably degree in Process or Mechanical Engineering
  • Minimum 20 years industry experience
  • 5 years in senior technical & management of contractor/supplier personnel
  • Daily Rate: £1,500

For more information please see Oil and Gas Job Search / Hays Salary Guide

For more information on contracting as an Oil and Gas Engineer, visit the following pages:

If you still have questions about contracting then please contact our New Client Services team on Freephone 01442 275789 or email janice@sjdaccountancy.com

SJD Accountancy

SJD Accountancy are the UK's largest specialist provider of fixed fee, Limited company accountancy services to contractors; we've been acting for contractors across the UK since 1992 and have more than 15,000 clients.

We are the only national specialist firm of contractor accountants with offices nationwide. SJD Accountancy has more qualified staff than any other firm in our market with qualifications from the following major tax and accountancy bodies - ATT, AAT, CTA, ACCA, CA, ACA and FCCA.

  • Unlimited face to face meetings. This is a unique service only SJD Accountancy offers - unlimited face to face meetings across the UK - tax is complicated and sometimes only a meeting will do.
  • UK's Largest contractor accountants with more qualified staff. No call centres, no outsourcing, no automated call handling. Simply telephone, email or meet your own dedicated accountant face to face.
  • Money back service guarantee. All your Emails received by 4pm on any normal working day will be answered the same day. Should it be necessary to leave a telephone message it will be answered same day/following day latest or we will make a full refund of that months fee.
  • Outstanding reputation. We have won more awards for customer service and accountancy excellence than any other firm in our market, including: Best Accountant for Contractors, Accountant of the Year and Best Professional Service Team to name just a few.
  • All inclusive low cost fixed fee accountancy package which includes completion of accounts*, payroll bureau, dividends and corporation tax computations, personal taxation, free bookkeeping software, your own dedicated accountant* and all company returns for a fixed fee starting from £120 plus VAT per month. Check our packages for more detail.

If you have any questions about contracting or would like any further advice please call our new client services helpdesk on 01442 275789 or email: janice@sjdaccountancy.com. Our new client services helpdesk is open Monday to Friday (8am to 6pm).

Appoint SJD Accountancy and never worry about your tax or accountancy affairs again.

Form your own Limited company with SJD - our same day online company formation service includes company bank account set up, VAT/PAYE registration and advice on optimum share structure. 

You may also find the following pages, guides and case studies useful:

*If you would like us to complete your company year end accounts we simply ask that you have been a client of SJD for one year or have made 12 monthly payments. All accountants are part or fully qualified.