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Oil / Gas / Energy / Mining Average Salaries in Equatorial Guinea 2020

How much money does a person working in Oil / Gas / Energy / Mining make in Equatorial Guinea?


Average Monthly Salary
430,000 XAF
( 5,160,000 XAF yearly)

LOW
156,000
XAF
AVERAGE
430,000
XAF
HIGH
996,000
XAF

A person working in Oil / Gas / Energy / Mining in Equatorial Guinea typically earns around 430,000 XAF per month. Salaries range from 156,000 XAF (lowest average) to 996,000 XAF (highest average, actual maximum salary is higher).

This is the average monthly salary including housing, transport, and other benefits. Salaries vary drastically between different Oil / Gas / Energy / Mining careers. If you are interested in the salary of a particular job, see below for salaries for specific job titles.

Salaries for specific jobs

Job TitleAverage Salary
Assistant Yard Manager420,000 XAF
Associate Analyst457,000 XAF
Associate Landman192,000 XAF
Auxiliary Equipment Operator170,000 XAF
Biomass Plant Technician201,000 XAF
Biomass Power Plant Manager616,000 XAF
Chemical Plant Operator362,000 XAF
Chief Contract Compliance Engineer467,000 XAF
Completions Engineer399,000 XAF
Cost Controller305,000 XAF
Crude Oil Marketing Representative478,000 XAF
Dispatcher187,000 XAF
Distribution Manager575,000 XAF
Dragline Operator203,000 XAF
Driller Offsider160,000 XAF
Dump Truck Driver167,000 XAF
Electric and Gas Operations Manager1,020,000 XAF
Energy Advisor655,000 XAF
Energy Analyst610,000 XAF
Energy Auditor520,000 XAF
Energy Dispatch Director743,000 XAF
Energy Technical Assistant263,000 XAF
Energy Technical Manager534,000 XAF
Energy Technical Trainer388,000 XAF
Exploration Manager728,000 XAF
Field Safety Auditor492,000 XAF
Fluids Engineer400,000 XAF
Fuel Cell Engineer441,000 XAF
Fuel Cell Technician225,000 XAF
Fuels Handler207,000 XAF
Gas Compressor Operator195,000 XAF
Gas Distribution Plant Operator349,000 XAF
Gas Supply Manager654,000 XAF
Geologist747,000 XAF
Geophysicist820,000 XAF
Geothermal Production Manager728,000 XAF
Geothermal Technician288,000 XAF
HSE Engineer413,000 XAF
HSE Officer268,000 XAF
HSEQ Administrator315,000 XAF
Inspector387,000 XAF
Instructor366,000 XAF
Instrument Designer325,000 XAF
Lead Technical Field Advisor584,000 XAF
Logistics and Tool Coordinator369,000 XAF
Maintenance Engineer418,000 XAF
Maintenance Superintendent380,000 XAF
Material Controller285,000 XAF
Mine Engineer429,000 XAF
Mine Surveyor473,000 XAF
Mining Project Administrator396,000 XAF
Mining Project Assistant315,000 XAF
Mining Project Controls Consultant482,000 XAF
Mining Project Coordinator381,000 XAF
Mining Project Engineer403,000 XAF
Mining Project Manager532,000 XAF
Mining Site Manager581,000 XAF
Mining Team Leader436,000 XAF
NDT Technician257,000 XAF
Oil Service Unit Operator234,000 XAF
Oil Trader563,000 XAF
Oilwell Pumper161,000 XAF
Petroleum Engineer 487,000 XAF
Petroleum Geologist745,000 XAF
Petroleum Pump System Operator237,000 XAF
Pipeline Technician170,000 XAF
Power Coordinator263,000 XAF
Power Plant Operations Manager840,000 XAF
Power Plant Operator344,000 XAF
Radio Operator185,000 XAF
Reliability Engineer422,000 XAF
Reservoir Engineer412,000 XAF
Risk Analyst502,000 XAF
Roughneck446,000 XAF
Scaffolder267,000 XAF
Shutdown Engineer355,000 XAF
Solar Energy Installation Manager650,000 XAF
Solar Energy Systems Engineer442,000 XAF
Solar Photovoltaic Installer270,000 XAF
Solar Thermal Technician274,000 XAF
Supply Operations Manager734,000 XAF
Sustainability Specialist654,000 XAF
System Development Advisor476,000 XAF
Tanker Truck Driver172,000 XAF
Utility Operator226,000 XAF
Wind Energy Project Manager572,000 XAF

Oil / Gas / Energy / Mining Jobs Salary Distribution in Equatorial Guinea

Median and salary distribution monthly Equatorial Guinea Oil  / Gas / Energy / Mining
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The median, the maximum, the minimum, and the range

  • Salary Range

    Oil / Gas / Energy / Mining salaries in Equatorial Guinea range from 156,000 XAF per month (minimum average salary) to 996,000 XAF per month (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 465,000 XAF per month, which means that half (50%) of people working in Oil / Gas / Energy / Mining are earning less than 465,000 XAF while the other half are earning more than 465,000 XAF. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.

  • Percentiles

    Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of people working in Oil / Gas / Energy / Mining are earning less than 280,000 XAF while 75% of them are earning more than 280,000 XAF. Also from the diagram, 75% of people working in Oil / Gas / Energy / Mining are earning less than 789,000 XAF while 25% are earning more than 789,000 XAF.


What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary

Salary Comparison by Years of Experience

How does a person's salary progress over time?

Salary Comparison By Experience Level
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The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher the wage.

Generally speaking, employees having experience from two to five years earn on average 32% more than freshers and juniors across all industries and disciplines.

Professionals with experience of more than five years tend to earn on average 36% more than those with five years or less of work experience.


Change in salary based on experience varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of many different jobs. To view accurate figures, choose a specific job title.

As you hit the ten years mark, the salary increases by 21% and an additional 14% for those who have crossed the 15 years mark.

Those figures are presented as guidelines only. The numbers become more significant if you consider one job title at a time.

On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.

Salary Comparison By Education

How does the education level affect your salary?

Salary Comparison By Education
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It is well known that higher education equals a bigger salary, but how much more money can a degree add to your income? We compared the salaries of professionals at the same level but with different college degrees levels across many jobs, below are our findings.


Change in salary based on education varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of multiple jobs. To view accurate figures, choose a specific job title.

Workers with a certificate or diploma earn on average 17% more than their peers who only reached the high school level.

Employees who earned a Bachelor's Degree earn 24% more than those who only managed to attain a cerificate or diploma.

Professionals who attained a Master's Degree are awarded salaries that are 29% more than those with a Bachelor's Degree.

Finally, PhD holders earn 23% more than Master's Degree holders on average while doing the same job.


Is a Master's degree or an MBA worth it? Should you pursue higher education?

A Master's degree program or any post-graduate program in Equatorial Guinea costs anywhere from 2,390,000 CFA Franc BEAC(s) to 7,170,000 CFA Franc BEAC(s) and lasts approximately two years. That is quite an investment.

You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.

Many people pursue higher education as a tactic to switch into a higher paying job. The numbers seem to support this tactic. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

The decision really depends on your situation and experience among many other factors. Putting all variables aside, if you can afford the costs of higher education then the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.

Oil / Gas / Energy / Mining Salary Comparison By Gender

Salary comparison by gender monthly Equatorial Guinea Oil  / Gas / Energy / Mining
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Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male employees in Equatorial Guinea who work in Oil / Gas / Energy / Mining earn 20% more than their female counterparts on average.

Male
469,000 XAF
Female-17%
392,000 XAF
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Equatorial Guinea for all Careers

Salary comparison by gender monthly Equatorial Guinea
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Oil / Gas / Energy / Mining Average Annual Salary Increment Percentage in Equatorial Guinea

How much are annual salary increments in Equatorial Guinea for Oil / Gas / Energy / Mining professionals? How often do employees get salary raises?

Oil / Gas / Energy / Mining

Oil / Gas / Energy / Mining professionals in Equatorial Guinea are likely to observe a salary increase of approximately 7% every 26 months. The national average annual increment for all professions combined is 5% granted to employees every 28 months.

Annual Salary Increment Rate Equatorial Guinea Oil  / Gas / Energy / Mining
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The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

Equatorial Guinea / All Professions

The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely that people get their salaries reviewed exactly on the one year mark, it is more meaningful to know the frequency and the rate at the time of the increase.

How to calculate the salary increment percentage?

The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 ÷ Increase Frequency

The average salary increase in one year (12 months) in Equatorial Guinea is 2%.

Annual Increment Rate By Industry 2019

Banking
3%
Energy
6%
Information Technology
9%
Healthcare
3%
Travel
6%
Construction
9%
Education
3%

Listed above are the average annual increase rates for each industry in Equatorial Guinea for the year 2019. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.


Worldwide Salary Raises: All Countries and All Jobs

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Oil / Gas / Energy / Mining Bonus and Incentive Rates in Equatorial Guinea

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Equatorial Guinea Oil  / Gas / Energy / Mining
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Oil / Gas / Energy / Mining is considered to be a moderate bonus-based field due to the generally limited involvement in direct revenue generation, with exceptions of course. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.

61% of surveyed staff in Oil / Gas / Energy / Mining reported that they haven't received any bonuses or incentives in the previous year while 39% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 2% to 7% of their annual salary.

Received Bonus
39%
No Bonus
61%

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.

Goal-Based Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These types of bonuses are given without a reason and usually resemble an appreciation token.

Bonuses Are Not Commissions!

People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.


What makes a position worthy of good bonuses and a high salary?

The main two types of jobs

Revenue GeneratorsSupporting Cast

Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.

Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.

Example:
A graphics designer working for a graphics designing company.

Example:
A graphic designer in the marketing department of a hospital.


Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

Bonus Comparison by Seniority Level

Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.

Oil / Gas / Energy / Mining Hourly Average Wage in Equatorial Guinea


2,480 XAF per hour

The average hourly wage (pay per hour) in Equatorial Guinea is 2,480 XAF. This means that the average person in Equatorial Guinea earns approximately 2,480 XAF for every worked hour.


Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 )

The hourly wage is the salary paid in one worked hour. Usually jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fix amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.

Oil / Gas / Energy / Mining VS Other Jobs

Salary Comparison Between Oil  / Gas / Energy / Mining and Oil  / Gas / Energy / Mining monthly Equatorial Guinea
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The average salary for Oil / Gas / Energy / Mining is 10% less than that of All Jobs.

Government vs Private Sector Salary Comparison

Where can you get paid more, working for a private company or for the government? Public sector employees in Equatorial Guinea earn 14% more than their private sector counterparts on average across all sectors.

Private Sector
454,000 XAF
Public Sector+14%
516,000 XAF
Percentage increase and decrease are relative to the previous value

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