Introduction
Richard Madden Chief Executive Officer, WeConnect Energy
Andrew Fenning Lead Consultant – Drilling & Wells
Thank you to all drilling professionals for your active participation in the 2023 Drilling Salary Survey. Your invaluable feedback has enabled us to provide a detailed and holistic view of the industry trends. History shows the drilling sector is vulnerable to industry swings, impacted by wider global changes and sector-specific developments. In an era where the focus on sustainable energy alternatives is intensifying, our survey zeros in on pay structures, career progression, and what the future may hold for the drilling industry. This survey goes beyond mere salary figures; we explore individual inspirations, goals, and reservations in the current drilling environment. We anticipate this year’s data to serve as a crucial guide for professionals and companies in our sector. As we strive to refine this survey year on year, our aim remains to present a genuine snapshot of the Drilling and wells community. For those shaping organisational planning or individuals exploring opportunities, this survey includes valuable data.
It was great to see such a large number of Drilling, Wells & HSE professionals undertaking the 2023 Drilling Salary Survey. Our industry continues to demonstrate a vigorous resilience in the face of numerous geopolitical challenges, and I hope the results of this survey can lead to a deeper understanding of the issues facing the E&P workforce. It has been clear for some time that one of the greatest challenges we face is an industry wide lack of investment in recruitment. This is leading to a talent shortage that we may see for several years to come. With a limited numbers of new people entering the industry and growing competition from other sectors, the image of working in oil and gas as a sustainable and attractive career option is being continuously eroded. As a short-term response, E&P operators are relying on older, more experienced employees to extend their working life or bringing retirees back into the workforce as contractors. There needs to be a concerted effort by employers to align diverse recruitment strategies which involve enhanced marketing to the next generation, additionally, may help collaboration with educational institutions, investment in training and development and a push to embrace diversity and inclusion across all sectors of the industry. We hope this survey can serve as a starting point to provide valuable data that will help us begin to address this challenge.
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