Tuesday, December 12, 2017

What Petrotrin workers earn, compared to others

...it's sometimes double the industry average

Information courtesy The Energy Chamber


PETROTRIN employees are paid significantly higher than others working for service companies in the energy sector, even before overtime and allowances.

This is according to the Energy Chamber which published on their website information concerning the wages of Petrotrin employees as compared to others in the industry.

The publication follows the announcement of the strike by the Oilfield Workers' Trade Union (OWTU)   in its attempt to get a 10 per cent increase for two collective bargaining periods from the State-owned company.

Using graphs to provide information, the Energy Chamber stated: “The base wage rates for labourers, craft-workers, tradesmen, technicians, supervisory and clerical level staff at Petrotrin are significantly higher than the average rates within the industry.  In many cases, they are more than double the market rates.”

The lowest paid employee according to the first chart which showed comparisons between Petrotrin and service companies was a general labourer. A labourer who works in an energy service company receives just over $5,000 monthly, with a labourer working with Petrotrin receiving just under $15,000 monthly. 

 In the service provider companies, a foreman receives between $10,000 and $15,000 while a foreman in Petrotrin receives over $20,000.

The information compares the current wage rates with the average rates in energy service companies, based on a survey of seven major service companies (including both unionised and non-unionised companies).  Petrotrin is the only major operator with these types of positions on staff; other operators contract out these activities to service companies, the Energy Chamber said. 

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Statistics courtesy The Energy Chamber

The Petrotrin rates quoted by the Chamber were the current rates: with the zero offer for both collective bargaining periods, but with the Cost of Living Allowance (COLA) increases incorporated.

The Energy Chamber stated: “At professional and management levels, the base wage rates are closer to similar jobs in the rest of the industry and in the case of some more senior roles, lower than industry averages (though Petrotrin staff also tend to have generous benefit packages that can significantly increase their total compensation package).”

“It is important to note that the non-unionised service companies have to pay the Petrotrin rates whenever they are working on a project for Petrotrin.  If they have an agreement with the OWTU, or a recognised majority union, they can pay their union rates.” 

According to information provided, for the large operator companies, while Petrotrin rates may be “typically higher”, at the senior engineer levels, Petrotrin rates were lower.

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The job in which the salary was the same was the senior procurement officer who gets $25,000 monthly.   The senior plant inspector and senior engineer were the only ones receiving more money than a Petrotrin employee compared to the other companies. A senior plant inspector in the comparator companies receives just over $35,000 while a Petrotrin employee receives between $25,000 to $30,000. A senior engineer in the other companies receive just under $45,000 while a Petrotrin employee receives slightly over $30,000. The lowest paid is a production operator receiving approximately $14,000  monthly and a Petrotrin production operator receiving $20,000.

The Energy Chamber stated: “At the professional and managerial levels the comparator companies for Petrotrin employees would be the other operator companies, including the major multi-nationals and other state-owned companies like the NGC.  The Energy Chamber has access to a survey comparing the rates in Petrotrin and other operator companies.  This shows that at the supervisory and professional level, Petrotrin rates are typically higher than the other major oil, gas and petrochemical companies.  However, at senior engineer levels and above Petrotrin rates are lower.”