Drilling & Wells Salary Survey 2023

Figure 47: What Do You Value The Most In The Workplace?

Industry Trends

24%

Working as part of a team 15%

Remuneration and benefits 14%

Interesting or meaningful work

10%

9%

8%

Peter Bottomley Chief Operating Officer, WeConnect Energy

Flexible working

Culture & workplace

Ability to mentor or train junior staff

As a vital part of the global energy industry, the drilling and wells sector is navigating through a pe- riod of significant transformation, fueled by technological progress and evolving regulatory frame- works. In the face of today’s economic climate, it’s unsurprising that financial considerations are at the forefront of the drilling and wells professionals’ minds. The survey reveals that over half of the re- spondents prioritise financial aspects and job stability when contemplating new career opportuni- ties. This focus on financial security is a reflection of broader industry trends, especially as the sector increasingly adopts digital technologies. A notable area highlighted for development is technical excellence, with almost half of our respondents feeling insecure in their current roles. This under- scores the importance of continuous skill enhancement and staying on top of the latest advance- ments in drilling technology to unlock new career opportunities and ensure job security. Moreover, the sector is proactively addressing environmental and regulatory concerns. Investments in cleaner, sustainable practices like eco-friendly drilling fluids and carbon capture technologies are gaining momentum. Additionally, integrating renewable energy sources into drilling operations marks a significant shift towards reducing dependency on traditional fossil fuels. These advance- ments demonstrate the industry’s commitment to meeting energy demands while prioritising envi- ronmental stewardship and safety, steering us towards a more efficient, sustainable, and responsi- ble future. For me, the most enlightening aspect of this survey is understanding the underlying motivations within our community. The motivations of our community can be best exemplified by the following figures, indicating the most-valued aspects of the working life.

8%

7%

Career progression 5%

Individual contribution

Ability to learn new skills

Over 20% of people surveyed value meaningful work as the most important factor within their role.

Special thanks to Jodie Ferguson for her invaluable assistance and contributions to the Drilling & Wells Salary Survey during her 3-month internship with us. WeConnect Energy

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