In search of top-paying jobs in oil and gas production? You are in the right place; keep reading.
There are some of the highest-paying jobs in the global oil and gas industries.
Oil and gas production is still one of the world’s most resilient businesses, despite being hammered harder than any other sector during the current economic slump. Because of this, oilfield employment is attractive to many people looking for well-paying positions that don’t always require substantial education or expertise.
But which positions in the oil fields offer the highest pay? Which jobs do oilfield workers aim to attain through advancement?
Despite the pandemic-related decline, the oil and gas industry is still growing and has a promising future.
Global demand for crude oil climbed from 86.4 million barrels per day in 2010 to 99.7 million barrels per day in 2019, according to a Statista analysis. COVID-19 decreased to 91 million barrels per day in 2020; however, it is anticipated to rise to 99.4 million barrels per day in 2022.
The gasoline demand is anticipated to reach 27.4 million barrels by 2045.
The number of persons working in the oil and gas extraction group has increased at a pace of 9.68 percent, from 127k in 2018 to 140k in 2019, according to data use.
The top-paying oilfield jobs in the world are shown below. These salaries are based on global averages obtained from several salary aggregator websites. Your experience may differ.
There are numerous high-paying positions available in the oil and gas sector if that’s what you’re searching for. Possibly the largest contributor to GDP is the oil and gas sector.
It’s a factoid to assert that there is no money in the industry. In fact, because of the rising income in it, it is one of the industries with the highest compensation for its personnel. Workers are typically the highest paid and most revered members of society in countries with oil-producing sectors.
Here are a few of the highest-paying positions in the oil and gas sector, along with a list of their key responsibilities and salary ranges.
Chemical engineers are among the highest paid employees in the oil and gas industry. They are in charge of evaluating and figuring out the kinds and amounts of chemicals that are utilized to turn oil products into something that are beneficial to the industry.
Chemical engineers work with other qualified engineers to create all the additives that are added to crude oil and petroleum to turn them into useable materials.
You need a bachelor’s degree in chemical engineering or a closely related discipline to be qualified to work as a chemical engineer in the oil and gas sector. A chemical engineer in the oil and gas sector makes roughly $64,844 per year.
Gas Plant Operator
The professionals in the oil and gas sector who distribute gas to businesses that use them through compressors with a constant pressure are known as gas plant operators. One of the top paying oil and gas jobs in the entire globe, they are.
Additionally, they are in charge of using semi-automatic machinery and control boards to distribute gas to industrial units.
In the oil business and the labor market as a whole, gas operators are regarded as having some of the highest salaries. They earn around $42,541 a year.
The fundamental goal of the HR consultants’ work in the oil business is to build positive relationships by resolving and supervising tasks between the management and the workforce.
Additionally, they carry out employee investigations, settle disputes, and update business regulations. You need to have at least a bachelor’s degree in human resources or a closely related discipline to be eligible for the position of HR adviser. They make an average of $73,174 per year.
You guessed it: Drill Operators are in charge of running the drills that extract the oil from the ground. They normally earn $98,000 annually on average.
Well Testers typically move from location to location examining equipment and production levels. Although formal education is not required, excel and other computer programming skills must be strong. The typical yearly salary for testers is $102,000.
Among the highest paid employees in the oil and gas sector are the sales agents. All of the completed petroleum products must be sold to wholesalers and retailers, respectively.
Employees in this field are required to hold a bachelor’s degree in the relevant discipline or a closely connected field. Their total yearly compensation comes to roughly $67,196.
Among the notable employees in the petroleum sector, petroleum geologists are in charge of finding potential oil and gas deposits and selecting the appropriate drilling technique based on the geology of the area. It is researched using a variety of drilling apparatus and equipment.
At least a bachelor’s degree in geoscience is required for this position, and the remuneration is excellent. They earn roughly $71,578 a year in wages.
Executive Account Managers
Planning and account management for the company are the responsibilities of the executive account managers. Additionally, they are in charge of carrying out target sales and aid in preserving the company’s brand through relationships with clients and customers.
You need a bachelor’s degree in accounting, business management, or a similar discipline in order to be qualified for this position. They make roughly $78,099 a year in compensation.
Directors of Operation
One of the most important groups of professionals in the oil and gas sector are the directors of operations. They are the ones who make decisions for the company.
They are required to carry out all necessary planning for the business, including budgeting, sales, and negotiations. You need to have at least a bachelor’s degree in business administration to be eligible for the post. Their yearly wage is $92,542.
The crews working there are under the control of the rig managers. Post-secondary degrees are not often necessary because workers who started on the work crew and worked their way up to these jobs frequently occupy them. On average, they can earn $124,000 a year.
Organizational safety programs are created and implemented by health, safety, and environmental managers (HSE Manager). They carry out risk analyses, maintain HSE policies current, and develop preventative actions.
In Canada, an HSE Manager makes a $102,000 yearly compensation on average.
These people supervise and guarantee the security of offshore drilling operations on oil and petroleum boats.
In Canada, a vessel manager makes an average yearly pay of $67,750.
The project manager’s job is to make sure that a project is completed on schedule, within budget, according to specifications, and in accordance with safety regulations. The project manager also makes sure that groups are communicating with one another.
In Canada, a project manager has an average yearly pay of $81,808.
Lease Operators make sure that the oil and gas are delivered safely and undamaged to and from drilling sites, processing facilities, and gas stations.
In Canada, a Lease Operator has an average yearly pay of $53,000.
Is Oil and Gas Production a Good Career Path?
Yes, Working in the oil and gas industry may be very fulfilling on both a personal and professional level. It is expanding quickly due to ongoing innovations, so you should keep an eye on the most recent trends that are emerging.
The oil and gas sector is so large that there are many different disciplines to pick from, including careers in transmission, refining, and distribution as well as for energy engineers and traders.
Make sure to conduct thorough study on how to become an energy trader or engineer in order to comprehend the roles that are available, which one interests you the most, and what abilities and credentials are required to hold that position.
Many businesses host networking events, which are excellent opportunities for recent graduates and students to network with industry experts and make contacts they can utilize to advance their careers.
Important Things to Consider in the Oil and Gas Industry?
Every industry has some benefits and drawbacks, thus none of them are perfect. So, the following are crucial factors to think about in the oil and gas industry:
Workplace safety has long been the oil and gas industry’s top priority. Due to lax safety procedures and uncertainty regarding the safety of the workforce, many people did not pick careers in the oil industry.
But You no longer need to worry Because:
The sector has recently increased its focus on workplace safety and adopted new safety procedures. The risk of illnesses and injuries among personnel of the natural gas and oil industry has significantly decreased thanks to a high degree of adherence to new protocols and industry best practices.
Anyone considering a career in the oil and gas sector would appreciate the updated safety regulations.
You could work in the oil and gas business as Sitting in a fully equipped, air-conditioned office, OR working in difficult, extreme circumstances.
The location and job position determine the working conditions in the oil and gas sector. Like, the working conditions on offshore rigs are the most difficult.
This is a crucial aspect that you should be aware of. Because some people enjoy taking up a challenge and moving forward, while others avoid working hard under difficult circumstances
Which High Paying Job is Right for You?
As you can see, the oil and gas sector offers a variety of high-paying positions, some of which call for substantial education and others that only call for hard effort and dedication.
Frequently Asked Questions:
What is the highest paying job in the oil and gas industry?
Petroleum geologists have the highest paying jobs in the oil and gas sector. In Canada, a petroleum geologist makes an average yearly pay of $161,946.
Petroleum geologists explore the earth’s interior in search of and find oil and gas resources. To determine which locations firms should explore for oil, they use geological knowledge.
Do oilfield workers make good money?
Yes, those who work in the oil industry are paid well. The average annual salary for oilfield employees is little around $100,000, however pay can vary greatly based on the skill set.
Which oil company pays the best?
The highest paid oil company is PetroChina Company Limited (“PetroChina”). It is one of the largest oil firms in the world as well as one of the businesses with the highest sales revenue in China. Employees at PetroChina make an average of $79,134 a year.
We just discussed whether oil and gas development was a good career choice. We sincerely hope that you find the material you’re looking for and that it helps you prepare for a career in the oil and gas sector. Use the comment area to contact us if you have anything more to add.