OT: What do you do for a living?, are you happy? |
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OT: What do you do for a living?, are you happy? |
Aaron Cox |
Oct 31 2004, 02:05 PM
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#1
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Professional Lawn Dart Group: Retired Admin Posts: 24,541 Joined: 1-February 03 From: OC Member No.: 219 Region Association: Southern California |
hey guys, what do you all do for a living?
-what education did you go through? - do you enjoy your job? help me find a good career (IMG:style_emoticons/default/biggrin.gif) by giving me info about yours (IMG:style_emoticons/default/wink.gif) |
Bigbohr |
Oct 31 2004, 08:45 PM
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#2
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Superlurker Group: Members Posts: 224 Joined: 19-September 03 From: Houston, TX Member No.: 1,176 |
After a Masters in Mech Eng applied for an extra year in a school in Paris. That school included scholarships so my thought was that a year in Paris and getting money for it was a pretty irresistable proposition. Applied for Engine Design (what I really liked) and Oil & Gas Exploration (alternative option). I got the latter and I'm currently on a drilling project in Nigeria. Pays good money and I get to go to places you'd otherwise never go to ... like Nigeria. As long as I (we) don't have to move to one of these interesting places I'm OK. Job satisfaction has ups and downs like the oil price.
The following is just some info to put the petroleum exploration industry in perspective. If that doesn't interest you just skip the rest. The area to be in right now is called deepwater. Wells are drilled in 4,000 to 8,000 feet water depth (or deeper) with rigs that cost about $400,000 per day (yes, each day) to operate. In that kind of water depth you can not construct the typical jacket platforms, so production/storage boats the size of a mega-tanker are used. Cost of one of these puppies exceeds 1 billion dollars. The project I work on is planned to produce 250,000 barrels of oil per day - easily justifies all the expense especially at over $50 per barrel. Should note that most oilfields are not that big. And now the real kicker ... in some of these countries families hold oilfield concessions and get part of the revenues. They say they are companies but they are more an individual with a couple of people working for them. On my project one of these small companies gets 10% of the revenues. We'll develop and produce the oil for about $8 per barrel + the oil has to be transported to the US or elsewhere which cost also like $10 per barrel. So at todays rate they would get just under 1 million dollar per day. What these people do with all that money is a total mystery to me ... |
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