Highest Petroleum Engineer Salary

 Highest Petroleum Engineer Salary

Petroleum Engineer salary is one of the highest according to reports by PayScale and Glassdoor, which ranges within six figures per year. Some of the biggest factors that affect the Petroleum Engineer salary are the experience level, the previous employer, and location. In this article, we are going to discuss 3 specific paths for those who aim to reach the highest petroleum engineer wage, but first, let’s clarify what petroleum engineering is and the best ways people can start their careers. 

What is Petroleum Engineering, and who is a Petroleum Engineer?

Petroleum Engineering is a field that focuses on the assessment of recoverable amounts of resources using detailed evaluation of the physical performance of gas, oil, and water within the porous rock at very high pressure.

Petroleum Engineers are concerned with the activities that have a connection with the production of hydrocarbon which involves crude oil and natural gas. Most of them work hand in hand with geotechnical engineers and earth scientists in exploring the available oil and gas sources. With their combined efforts, they determine the accumulation of hydrocarbon that has a significant impact on the world’s economy.

Petroleum Engineers are responsible for researching and understanding different related fields like geology, geophysics, and petroleum. They need to know how to evaluate formations of things like artificial lift systems, completion of facilities for oil and gas, drilling, economics, engineering, reservoir simulation, proper logging, reservoir engineering, and the design of wells.

Before we dig into details about the salaries and top three jobs for a Petroleum Engineer, let’s know more about the job description itself.

Job Description of a Petroleum Engineer

Some of a Petroleum Engineering primary roles and responsibilities are to oversee how production is carried out, what methods are used for retrieving natural gas and oil from various types of resources, including underground sources. Most Petroleum Engineers work for oil companies while the others could work at universities or research facilities.

They also help in checking out some of the prospected drilling sites for new sources of natural gas. They create recommendations on drilling sites, making reports of the possible cost and creating feasibility studies for the prospected location. Also, part of their task is to design the drilling, prospecting, pumping and storing equipment.

For those engineers working at drilling sites, they mainly oversee the building and operation of subterranean drills, oil derricks and other equipment needed. After the well is established, a Petroleum Engineer will find ways and methods to improve oil and gas production. A Petroleum Engineer also designs and modifies tools if needed to achieve economic progress. That is not all, however. Engineers are expected to work a lot in the field; some even work at the sea specializing in drilling ships. They might even require some management skills.