Derrick Operator salary in Monaco

Average Yearly Salary of Derrick Operator in Monaco is approximately 257,540 EUR (257,797 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.

What does Derrick Operator do?

A derrick operator is responsible for operating and maintaining derricks, which are large structures used in the drilling and extraction of natural resources such as oil and gas. They work on drilling rigs and are involved in setting up and dismantling the derrick, operating the hoisting equipment to lift and lower drill pipes, and ensuring the safety and efficiency of drilling operations. Derrick operators must have a strong understanding of rig equipment and safety protocols. They need to be skilled at maneuvering heavy machinery, monitoring gauges and controls, and performing routine maintenance tasks. Attention to detail, problem-solving abilities, and physical stamina are crucial in this occupation. They work closely with other members of the drilling team, including drillers and roughnecks, to ensure smooth operations and prevent accidents.

Skills: Derrick Operator, Drilling Operations, Rig Equipment, Heavy Machinery, Safety Protocols, Oil and Gas Extraction.
Job industry: Oil and gas

How much does Derrick Operator make?

Difference in salary year over year or average salary increase is approximately 3 %


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Salary comparison to National average

Is Derrick Operator a well paid job?

Yes, our data shows that Derrick Operator is a well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Derrick Operator?

High salary for Derrick Operator would be somewhere between 283,294 EUR and 373,433 EUR. However this is an estimation based on Gaussian Distribution.

How much can you save working as Derrick Operator in Monaco?

Living in Monaco the approximate monthly expenses are: 7,443 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.

Estimated Yearly Salary: 257,540 EUR
Estimated Monthly Salary: 21,462 EUR
Estimated Weekly Salary: 4,953 EUR per week
Estimated Hourly Salary: 124 EUR per hour
By working as Derrick Operator a person can save up to 14,040 USD per month or 168,479 USD yearly. Values are pre-tax.

NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.

For more information regarding expenses in Monaco, see costs of living in Monaco.

Salary comparison to region and neighbouring coutries

Country's neighbours are: France, Italy.
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for Derrick Operator

Last revision of data: 2025-01-04

Salary increase per years of experience

Based on data available the salary increase per years of experience is as following

0 years (beginner) equals base salary

1 to 5 years of experience yields +12% salary increase

6 to 10 years of experience yields +25% salary increase

11 to 15 years of experience yields +16% salary increase

16 to 25 years of experience yields +9% salary increase

more than 25 years of experience yields +10% salary increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

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Data as of 2025

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