Which oil companies are the highest paid in Nigeria?

The oil and gas industry is one of the highest-paying industries in Nigeria, and the major oil companies in the country offer competitive salaries and benefits to their employees. However, there is a significant variation in salaries between companies, depending on the employee’s role, experience, and qualifications.

Highest-paid oil companies in Nigeria

Based on a recent survey by Nairalytics, the research arm of Nairametrics, the following are the top 7 highest-paying oil companies in Nigeria in 2023:

  1. Seplat Energy
  2. TotalEnergies
  3. MTN Nigeria
  4. ExxonMobil
  5. Chevron Nigeria Limited
  6. Shell Petroleum Development Company (SPDC)
  7. Agip

Seplat Energy is the highest-paying oil company in Nigeria, with an average salary of N38.91 million per annum. The company is a leading independent oil and gas company in Nigeria, and it is listed on both the Nigerian Exchange Limited (NGX) and the London Stock Exchange (LSE).

TotalEnergies is the second-highest-paying oil company in Nigeria, with an average salary of N32.66 million per annum. The company is a French multinational energy company, and it is one of the leading oil and gas producers in Nigeria.

MTN Nigeria is the third-highest-paying oil company in Nigeria, with an average salary of N29.52 million per annum. The company is a Nigerian multinational mobile telecommunications company, and it is the largest mobile network operator in Nigeria.

ExxonMobil is the fourth-highest-paying oil company in Nigeria, with an average salary of N28.31 million per annum. The company is an American multinational oil and gas corporation, and it is one of the leading oil and gas producers in Nigeria.

Chevron Nigeria Limited is the fifth-highest-paying oil company in Nigeria, with an average salary of N27.96 million per annum. The company is a subsidiary of Chevron Corporation, an American multinational energy corporation.

Shell Petroleum Development Company (SPDC) is the sixth-highest-paying oil company in Nigeria, with an average salary of N27.75 million per annum. The company is a subsidiary of Royal Dutch Shell, an Anglo-Dutch multinational oil and gas company.

Agip is the seventh-highest-paying oil company in Nigeria, with an average salary of N27.62 million per annum. The company is a subsidiary of Eni, an Italian multinational oil and gas company.

Factors that affect salaries in the oil and gas industry

A number of factors affect salaries in the oil and gas industry, including:

  • Role: Employees in more senior roles typically earn higher salaries.
  • Experience: Employees with more experience typically earn higher salaries.
  • Qualifications: Employees with specialized qualifications, such as a degree in engineering or petroleum geology, typically earn higher salaries.
  • Location: Employees who work in remote or hazardous locations typically earn higher salaries.
  • Company: Some companies simply offer higher salaries than other. 

Conclusion

The oil and gas industry is one of the highest-paying industries in Nigeria, and the major oil companies in the country offer competitive salaries and benefits to their employees. The highest-paying oil companies in Nigeria are Seplat Energy, TotalEnergies, and MTN Nigeria.

FAQs

What is the average salary for an oil and gas engineer in Nigeria?

The average salary for an oil and gas engineer in Nigeria is N28.31 million per annum.

What is the average salary for a petroleum geologist in Nigeria?

The average salary for a petroleum geologist in Nigeria is N27.96 million per annum.

What is the highest-paying oil company in Nigeria?

Seplat Energy is the highest-paying oil company in Nigeria, with an average salary of N38.91 million per annum.

What are the benefits of working in the oil and gas industry in Nigeria?

The oil and gas industry in Nigeria offers a number of benefits to employees, including:

  • Competitive salaries
  • Good benefits packages
  • Opportunities for career advancement
  • Opportunities to work on challenging and innovative projects

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