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Aberdeen second-best in the world for oil and gas workers

17/11/2014 by Sharon Shahzad

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ABERDEEN has been named as the second-best place in the world for workers in the oil and gas industry to live.

Researchers found only Calgary in Canada was a better financial option for industry professionals.

As well as a cheaper cost of living compared to other oil centres highlighted by the survey, tourism chiefs in the city highlighted other benefits of ­Aberdeen including its coastline, nearby countryside and world-class golfing.

The study by Scottish oil and gas specialist recruitment firm PRG took into account average pay levels and cost of living when compiling the index.

It said the oil and gas industry was going through an "incredible boom period" with an average salary of £56,000. Median pay is even higher for highly skilled ­engineers, with employees in the roles earning £66,000 annually, it said.

It is argued the bumper salaries are worth more in Aberdeen, as it is cheaper than most other oil cities, many of which are major capital cities.

Steve McCutcheon, chief ­executive of PRG, said: "Aberdeen is a very attractive place to live and work because although it may be expensive by UK standards, it isn't when compared to the other major oil and gas centres around the world.

"Add to that a booming North Sea sector and it becomes evident that Aberdeen is one of the major draws for experienced oil and gas professionals."

In Aberdeen, a three-bedroom suburban home costs about £950 per month, compared to almost £1,400 in Dubai, £1,890 in Singapore and £2,850 in Luanda in Angola. In Paris such a property costs £883 and in Zurich £1,393, while in Norway's Stavanger it is £1,488. London the cost is £1,687.

Oil workers in the Granite City can expect to pay about £56 for a three-course meal for two, according to PRG, compared to £66 in Zurich and £71 in Stavanger. In the French capital the cost is £43 and in Singapore £28.

In Melbourne a meal costs £59, in Houston, Texas, only £33 and in Luanda, the Angolan capital, just £51.

The average cost of a weekly shop for a family of three costs £90 in Aberdeen, the research said, compared to £137 in Zurich. However, the survey estimated that groceries in cities including London, Houston and Hong Kong were cheaper. Shopping in Singapore would cost £80 and in Angola, £83. In Hong Kong, shopping for the family each week would cost on average £70.

This article has been extracted from http://www.heraldscotland.com, please click on this link to read the article in full http://www.heraldscotland.com/news/home-news/aberdeen-second-best-in-the-world-for-oil-and-gas-workers.25877871

Montash is a multi-award winning, global technology recruitment business. Specialising in permanent and contract positions across mid-senior appointments across a wide range of industry sectors and IT functions, including:

ERP, BI & Data, Information Security, IT Architecture & Strategy, Energy & Technologies, Demand IT and Business Engagement, Digital and E-commerce, Leadership Talent, Infrastructure and Service Delivery, Project and Programme Delivery.

Montash is headquartered in Old Street, London, in the heart of the technology hub. Montash has completed assignments in over 30 countries and has appointed technical professionals from board level to senior and mid management in permanent and contract roles.

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