Question to all OFW Tsikoteers especially to those working in the oilfield

**yebo** · May 31st, 2007 08:52 PM

mga kakosa, try nyo nga pala sa seadrill kung hanap nyo mataas na sweldo. yung assistant ko andun ngayon as chief, $8500 sweldo nya. kaso lang sa seadrill e "all-in" na yung sweldo, meaning wala na ibang benefits maliban sa normal insurance package. wala sila pension fund/savings fund/401k. malaki naman bonus nila, nasa 15% yata per quarter. naghahanap sila ngayon ng mga tao.

or you can join me here sa new company na sinalihan ko. mas mababa sweldo ($7k plus for technical supvs) pero meron naman 401k, dollar-for-dollar up to 6%. di lang gaano maganda ang health care, Cigna health kasi e mahirap daw maningil. all new build high spec rigs (15 new jackups, all fully automated). they are looking to crew 7 more rigs. positions available are chief mech, chief elec, ET, barge master, materials coordinator, QHSE officers, ARS, TP and rig manager. just visit the website at www.premiumdrilling.com as they only accept applications there.

**BoEinG_747** · June 1st, 2007 12:33 AM

Originally Posted by yebo

or you can join me here sa new company na sinalihan ko. mas mababa sweldo ($7k plus for technical supvs) pero meron naman 401k, dollar-for-dollar up to 6%. di lang gaano maganda ang health care, Cigna health kasi e mahirap daw maningil. .

sir ano ibig sabhin ng 401K at dollar to dollar ??

**B2Bomber** · June 1st, 2007 01:53 AM

i think he means PhP401,000.00 ang sweldo pos may dollar forex rate adjustment ng up to 6% difference...
*yebo - di ka na ba rig ngayon koya?

**yebo** · June 1st, 2007 08:36 PM

401k is the common name of a US law that adds more benefits to the US Social Security. it is a pension scheme wherein an employee contributes part of his salary and the employer matches it, either dollar-for-dollar or 50cents for every dollar. most have tiered schemes, like an employee gets an equivalent employer contribution "dollar-for-dollar" for the first x percent, then 50 cents of employer contributions for every dollar the employee puts in for the next x percent. the fund is then invested in the employees own choice of investment, which may be a combination of securities, deposits and equities. although this pension scheme has been adopted by many companies worldwide, the name "401k" has stuck and is used to refer to such pension schemes.

so when i said "401k" and "dollar-for-dollar up to 6%", that means if you (the employee) contribute 6% of your salary then the employer also contributes the equivalent amount of dollars to YOUR fund. it is a very good pension system since the employee has control of his pension and the choice of investment it is put in. di gaya ng ibang pension fund that is tied to the company the employee works for, pag bumagsak yung company then bagsak din ang pension ng employees. Enron is a good example of this failed employee pension fund. with the 401k, the investment is spread across a portfolio of investments and the risks of the employee losing his retirement investments are lower.

to b2b: rig pa din sir. jackup na lang nga hindi na semi.

**B2Bomber** · June 2nd, 2007 03:14 AM

aah. hehe. soweee. my ignorance. anyway salamat po sir yebo for the clarification. oh and IMHO, mas maganda sa mga semis. as far as environment is concerned, though matagal na akong wala sa mga rig-move scene... panay construction na lang at survey...

**BoEinG_747** · June 7th, 2007 12:40 AM

Originally Posted by B2Bomber

aah. hehe. soweee. my ignorance. anyway salamat po sir yebo for the clarification. oh and IMHO, mas maganda sa mga semis. as far as environment is concerned, though matagal na akong wala sa mga rig-move scene... panay construction na lang at survey...

ano ba iyon semis at jack up ?

**B2Bomber** · June 7th, 2007 05:54 AM

mga uri po sila ng mobile offshore drilling units:
semi or semi-submersible rig
jack-up or jack-up rig

**BoEinG_747** · August 1st, 2007 08:49 PM

mga bossing ano ano po ba ang mga training para sa trabaho sa Off/On shore?
pakilist na lang po kung masyado madami

**DonT** · September 5th, 2007 11:08 AM

Hello mga Pips.

Just wanted to ask..Paano ba ang kalakaran sa Oil and Gas..Lets say a company is offering 6K ot 8K USD per month..

Are there any other benefits or allowances? Is the 6K all in your pocket?
How about Schooling benefits? Transpo? Housing? Other benefits? Sorry for the ignorance.

**osepos** · September 5th, 2007 04:59 PM

muzta mga kapatid....
ryt now im engaged in oil/gas industry as a marine crew for 3yrs na ata...im a marine engr and gaya ng cnasabi nila mas maliit sahod if ur working through agency sa pinas kaya nga i am looking any possibilities na ma absorb ko direct sa company.dami naman websites gaya ng rigzone,then for ece's try niyo seistech.com or nautech they're hiring for a job in seismic survey mejo small time nga lang to pero u'll paid more than you imagine naman but lower dun sa mga binabanggit nila.....even me i am trying my luck sa mga company na yan apply online baka makatsamba....mas gusto ko nga sana sa oil rig para naman maka experience gaya ng naranasan nila and of kors money is the main thing kaso im not sure what job or position that really fits my capabilities as marine engr.....

sa trainings: basta mey HUET ka or BOSIET at valid medical then passport at saka kailangan din ata seaman's book isama na rin experiences mo...IN kana niyan!...

weeew...