| What are offshore jobs? What do people mean | | | | |
| when they talk about offshore jobs? Well, | | | | So why do oil companies pay more for offshore |
| different people mean different thing when | | | | work? From the economics point of view, it is |
| they use this phrase. At its broadest | | | | a simple matter of demand and supply. Right |
| meaning, offshore jobs means any job which is | | | | now, oil prices are high and getting higher. |
| not on the mainland of wherever you are | | | | Most of the oil is under the ocean, so oil |
| staying. It could mean a job on an offshore | | | | companies are desperately building offshore |
| oil rig or it could mean a job on some island | | | | oil rigs and deep sea oil rigs. While robots |
| belonging to another country. For someone | | | | work okay in the limited confines of a |
| residing in the US, a job in the Cayman | | | | factory, oil rigs still can't be automated. |
| Islands or Singapore would be offshore, and | | | | They still need human crew to operate them. |
| so would a job on an oil rig just off the | | | | Hence the great demand for workers. |
| coast of one of the Gulf states. | | | | Unfortunately for the oil companies, the |
| | | | people who have the qualities needed to work |
| Why should it matter? For two reasons, | | | | on an offshore oil rig are pretty scarce. You |
| really. The first is taxation. There are | | | | need to have a combination of guts, brains |
| certain laws in the US meant to encourage | | | | and physical strength. Not many people have |
| citizens to take on hardship or risky | | | | all three. So we have high demand and low |
| postings out of the border. If your lawyer | | | | supply, which results in sky-high pay. |
| and accountant agree that your job falls | | | | Someone who is basically a laborer can earn |
| under this category, you may be able to get a | | | | more than the director of a small company. |
| pretty hefty tax deduction. At one point of | | | | |
| time, you got to deduct up to $80,000 per | | | | Apart from that, an offshore oil rig is |
| annum. If you were a roustabout working on a | | | | considered a hard and potentially dangerous |
| deep sea oil rig and earning $80,000 per | | | | posting. You need to keep this in mind while |
| year, this meant you didn't need to pay any | | | | the dollar signs are dancing in front of your |
| income taxes at all. Obviously, you'll need | | | | eyes. While modern rigs are undoubtedly safer |
| to check with your lawyer and accountant and | | | | than the oil rigs 50 years ago, you should |
| get them to do the approriate paperwork. | | | | remember that working in the middle of the |
| | | | ocean can get quite exciting when there is a |
| The second important reason is that an | | | | major storm going on around you... Or an |
| offshore job typically pays better than its | | | | earthquake, or a tsunami (if you are just off |
| equivalent onshore job. You'll get paid more | | | | the coast). |
| as a driller on a deep sea oil rig than a | | | | |
| driller on an onshore oil rig. Same with the | | | | Now you should have a better idea of what |
| support jobs like electricians and mechanics. | | | | people mean when they talk about offshore |
| The offshore pay is much better, especially | | | | jobs and why it should matter to you. Click |
| nowadays when the entire oil industry is | | | | here to learn how can help you find offshore |
| facing a severe shortage of warm bodies to | | | | jobs quickly and easily. |
| crew their new oil rigs. | | | | |