Drilling & Wells Salary Survey 2023

Remuneration & Benefits

40% of people surveyed are planning to retire in the next 10 years.

Figure 30: Why Did You Decide To Retire?

Figure 29: How Long Ago Did You Retire?

50%

50%

Change in Life Circumstances 33%

40%

Age 67%

30%

33%

20%

17%

Dissatisfaction 0% Technology Advancements 0% To Pursue a Passion 0% Work-Life Balance 0% Other 0%

10%

0%

0%

0%

0-2 years 3-5 years 6-8 years 9+ years

Other

Figure 31: Type Of Pension

60% 50% 40% 30% 20% 10% 0%

55%

Only 9% of workers don’t have a pension, indicating that the industry offers excellent pension programs.

30%

9%

6%

Defined Contribution

Final Salary

None

Other

28

29

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