In many jobs, you can calculate how much money a person would make in a year by doing some calculations. First you multiply the hourly wage by the number of hours worked per week. Then, multiply that number by the total number of weeks in a year (52)
However, as we have just learned, an offshore oil rig worker typically works 3 weeks and then has 3 weeks off. This means that ultimately, they will only work half of a year which is 26 weeks. Since they do not have a consistent weekly rate, we would do this calculation differently. In this case, we will calculate the money an hourly wage earner working on an offshore oil rig would make in a year. First you multiply the hourly wage by the number of hours worked per day. Then you multiply the daily rate by the number of days per year. An offshore oil rig worker typically works 3 weeks on and then has 3 weeks off. This means they will only work half of a year which is 26 weeks or about 182 days. They also usually work 12 hour days.
(10 points)
One estimation is that offshore oil rig workers will make on average $22 dollars per hour. To calculate the daily pay rate, you would multiply that rate by the number of hours worked per day (12). This means that on average an offshore oil rig worker will make about
dollars per day. Since they end up working half of the year, they will work about 182 days a year. Multiply the daily pay rate by the number of days an off shore oil rig worker will work in one year to calculate how much they make a year. On average an offshore oil rig worker will make about
dollars per year.
To calculate the daily pay rate, we multiply the hourly wage ($22) by the number of hours worked per day (12):
$22 * 12 = $264
So, an offshore oil rig worker will make about $264 per day.
Since they work half of a year (26 weeks or 182 days), we multiply the daily pay rate ($264) by the number of days an offshore oil rig worker will work in one year:
$264 * 182 = $48,048
Therefore, on average, an offshore oil rig worker will make about $48,048 per year.