hi guys,

i am sharing my 14 yrs experience in oil & gas industry in Malaysia
current estimated market rates as follows:-

Petronas/ Oil Company
fresh grade: starting salary at about RM4,300 per month
medical - unlimited
housing loan
car loan
yearly company bonus: 2 to 5 months salary per year (non fixed)
performance bonus: between 4-6 months salary - of coz depends on performance la
potential overseas assignment - up to USD500 per day allowance - depends on location i.e.. Turkmenistan or Iraq etc.
work culture: - more efficient than government - but still far behind compared to super major oil co i.e. shell/exxon/bp

estimated 2011 salary range:
senior executive - 5 to 10 yrs exp- up to Rm10k per month
manager - 10 - 15 years exp- up to Rm 20k per month
senior manager - 15 to 20 years exp- up to Rm30k per month
general manager - 20- 25 years exp- up to Rm40k per month

Petronas salary used to very low, but now very competitive compared so super major oil co.
but is it better (overall) condition, because it is still a GLC, unlike most international co, you can almost never get retrenched or sacked even if you are super low performance in petronas
then you can bragged yourself as being the wealthiest & only malaysia company in 500 fortune list.

but too bad when they are overseas, their Local reputation could not help them to perform well & they are generally looked down by almost all international oil companies and also major international contractors.

how do i know all this? because i used to work for petronas for 10 years, and now i am working with an international oil & gas consultant with several overseas assignment in middle east & europe.

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Added on June 3, 2011, 11:40 pmopp sorry - forgot to add my current profile

Title : Senior Project Engineer
Job Desciption : Lead & Manage Projects for Engineering, Procurement, Construction, Installation & Commissioning (EPCIC) or FEED Project for Oil & Gas
Project value: USD20mil to USD2 bil.
Years spent in company : 2 months
Industry : Oil & Gas/ Upstream/Onshore/Offshore/Subsea/Petrochemicals/FPSO
Company: International Oil & Gas consultant
Tenure : permanent
Employment Level : Management
Experience before joining : 14yrs with several years in middle east, Spore & Indonesia
salary : RM 20k++
Medical benefit: for self & family (via insurance)
Working Hours: 40 hrs per week/ Mon-Fri, 8.00am-5.00pm
Perks: exactly equal to labor law(i.e 8D anual leave)
Location : KL with frequent overseas travel

This post has been edited by Astroguy: Jun 3 2011, 11:40 PM