Have found a Job a longtime after my layoff. Its a non O&G company. Pay not that great at all and nowhere close to O&G. I have taken upto a 30% paycut. What is your advice for me when O&G picks up. Should i stay or should i move back? I was a senior engineer in O&G
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If you move back, go to a competitor. ie...Nabors, Halliburton, or Baker Hughes if you are desperate. I would definitely target the upstream E&P companies like Exxon, Shell, BP, Hess, Total, Chevron...
If you can finance your life and pay your bills feed your family then after that point other things in life become more important than money. 30% pay cut if you can live on that then do so and remember to enjoy the other riches in your life. Happiness and a contented life is worth a lot more that 30% of your salary. That is my advice.
Dont follow these fools. Follow schlumberger mantra : Profit > family / people
Make MONEY and screw people. Especially married old men.
I am the Original poster. Iam 35 yrs now
If you're happy somewhere else, money will come... Don't go back to those fools.
Excellent advise but also consider your age. The job market is not too kind to older workers and job hopping is harder if you fall into that category.
Consider things like family, time off, happiness, people you work with, job security, etc
These are more important that money
Do whatever makes you the happiest. If you decide that O&G made you a happier, despite the uncertainty that has always come with that industry, then go back to that type of a job. If the current job you have has more stability and you are happy (and can get by with 30% less money) then stay in that industry. It's not just about the money.