Hi azraeil,

I am actually working in a banking sector. However, one of my friend recommending me the job in Carigali Hess, so i was just wondering whether moving to an oil and gas firm will be a wise decision...especially when i saw the JD, it looks superb with all the terms that i could not understand....

i am getting quite a good bonus in banking line as well, but i am not pushing away any opportunity that coming-by. Does your freind enjoy working as a planner or it's a boring job? Do they give fat bonus too? i have processed few loan application from Petronas engineer...their bonus is "WOW"...basically i saw their pay slip when they are applying for loan...so, i was just wondering whether work as a planner will get that kind of bonus or it differ from position.

What is your view? Would like to get some advice before deciding whether i should leave my current rice bowl or to stay.

Thank for your reply too.

honestly... follow ur passion instead ur paycheck..

trust me, it's not worth it.

doing what u're passionate abt will make u & ur life better. money will come along the way..

doing smthing u resent for the sake of money is just miserable..

lovebattery,

experiences tell me that passion keep you going but "money" keep you surviving....even in banking line, i couldnt find much passion...as such, i am looking at monetary and non-monetary benefit.....we can only choose when we have choice....if we doesnt have, we will try to choose the best among the worst...of course, i do agree that if you can find passion and good money in your work, it's the best.

Bonus in PETRONAS (not sure about Carigali Hess) have several tier. The General Bonus is the same across all discipline, be it if you are in HR, Finance or E&P (Geology/Petroleum Engineering). The second tier bonus is the Merit Bonus which is based on your performance review. If you are deemed to have exceeded the requirement, then you will be given a 2 rating and will also get Merit bonus in the range of 1.5-2 months extra bonus on top of the general bonus. Your increment is also much higher (close to double the increment of the normal performer). If you are deemed to have done an outstanding job that year, you will be given a performance rating of 1 and the merit bonus is in the range of 3-4 months bonus on top of the General bonus and an increment of close to 12-15 percent of your basic salary.

Be reminded that all this is in PETRONAS. I do not know if CHess does the same thing.

hi azraeil,

thanks for your answer....you mentioned about "General Bonus", normally this general bonus is how many months? Are you referring "General Bonus" as contractual bonus? In the place that i am working in right now, we do not have contractual bonus, only performance bonus based on KPI.

Thank you in advance

Only non-exec has contractual bonus and they are usually around 2 months. For executives, the annual bonus (or general bonus) are based on the performance of the PETRONAS Group. So if they make 60 billion in net profit (like last year) then everyone (executives) will get an annual bonus of 4 months (that was for 2011).

So if you performed (getting a perfomance appraisal of 1 & 2), then on top of the 4 months bonus, you will get an extra merit bonus of 2-4 months so in theory, you can get up to 8 months bonus.

Next year is also looking good, PETRONAS has made 25-30 billion in net profit for the 1st 3 months (this year the finacial year has been changed from the 31st of March every year to the 31st of December) so Dato' Azhar expects PETRONAs to make the same amount of profit eventhough they will only report revenue for 9 months instead of the usual 12 months. Expect at minimum 3 months annual bonus for next year.

Hi all, I know this might sound crazy but is there anyone (scholar) who passed the structured interview but turn down the job offer? Lets say a recommended candidate was to turn down the job offer, what would be the consequences and how much would the scholar have to pay back?

hi azraeil,

thanks for the clarification, then it will be almost the same like banking line....based on profit and on top of that, increased based on performance. i get a clear picture. Thanking you in advance!

A planner for plant shutdown with knowledge and exp of using primavera draws a salary of 16k a month. My last project was optimal's shutdown and that was what the planners were getting.

Since PETRONAS is sending students on loan basis, I suspect you can arrange with them the payment scheme. Probably around 60k if you score 3.5 and above. But since I know PETRONAS is a vengeful type of company, you may want to get the payment scheme in black and white.

Noyze,

planner for plant shutdown? i am totally blur....i am a banker...so, i dun understand OnG terms at all...Planner need to learn system?? Primavera? wow, you are getting a big salary...i believe you also getting fat bonuses... By the way, are you working in Carigali Hess?

Thanks a lot for the reply, Az, but may I know based on what you would say this. Like has it happened to someone you know? Would it be the same as failing the interview where I would have to pay them back based on what GPA I have? Or will Petronas ask me to pay the whole amount of sponsorship?

nope i'm not on client side, i'm on the contractor's side, and no i'm not a planner, I'm in Marine HSE.

Another question, has any scholar who got a job offer but not a position they want and asked for a different position but ended up not getting any at all?

I haven't heard a case like yours. I've known cases where the scholar did not passed the SI and even one case where the scholar was not even called for an interview.

Better check your loan contract and see what they say. I personally believe that it's a one sided contract. In my opinion, if PETRONAS gave the right to ask you to pay 60k if they don't like you (in other words, you fail the interview) then a quid pro quo is in order, ie. You should also be allowed to pay 60k not to work with PETRONAS.

Then again, there is a reason why I left the company and one of them is frustration in working without proper terms and conditions.

wat r some of the benefits there?

After 6months waiting period, you have the right to reject the offer as stated in the terms in the convertible load contract. You have to pay back (not all, but a small percentage only) according to your CGPA score. For further info especially on the percentage, please refer to the post here.

For those who joined before June 2010, there are a lot of benefits such as house loan, car loan, unlimited medical expenses and etc. However, for those who joined after June 2010, all these benefits are not applicable.

from a banker to a planner ? That's a rough one. It's not easy to plan for shutdown. Primavera is just like a timeline based program. During shutdown they will be a lot of planned work and coordination, for example like machinery, electrical and instrumentation works. Not forgetting logistic supports, raw material and shipment planning.
I was involved in a major shutdown in 2007, making an extra SGD$25K in 45 days, exclusive of monthly salary.

Gulp! I think I better stay put in banking line...but I believe that my job is likely wha t has been described by azraeil previously....not as tedious as what you job function like....somehow, they won't be paying me so much also....referring to the above post, I guess they cut their benefit as well....which I am finding no point to leave my current company.

There's a lot of "planner" position in the O&G industry. My experience is in the Upstream side of the business so I'll explain some of the work done by "planners" on that side.

My friend has a degree in Petroleum Engineering and they usually also do some planning in terms of looking at the production profile (i.e. how many barrels of oil can the field produce) and then compiling all those reports from all those fields and then coming up with an analysis on how much production can the company produce quarterly, yearly etc etc. The busiest time will be near the business cycle period (some companies do it in October, some in March, depends on the company)

If you are in the Banking line that I suspect you will be doing what my friend is doing. He's happy doing it, it's not as technical as he likes it to be (he was doing simulation model before) but I guess he's okay with it.

Carigali Hess has a big operation in the JDA area and with the USD15 Billion Sour Gas development project coming up, I guess they will need several planners to come up with their business plans on how much it will cost, how much production the can expect etc etc.

Hope that helps. Change is hard, but once you make it, it's easier to do it again.

This post has been edited by azraeil: Sep 10 2011, 08:59 PM