Petroleum Engineers made a median salary of $137,170 in 2018. However, in approximately 1 in 2016, work was more than 40 hours a week. The minimum requirement for the job is a bachelor's degree in petroleum engineering, but many petroleum engineers have additional credentials. The base salary for Petroleum Engineer ranges from $77,940 to $92,403 with the average base salary of $85,064. The states and districts that pay Petroleum Engineers the highest mean salary are Indiana ($198,590), New Jersey ($194,340), Texas ($169,010), Alaska ($161,290), and Colorado ($153,640). Get the right Petroleum engineering intern job with company ratings & salaries. The average salary for a Petroleum Engineer is $76,656 per year in United States. In abroad, they can earn an average salary of $1,18,428. The figures represent accumulated data for all states of employment for Petroleum Engineers. As earth's population continues to grow the oil & gas industry will continue to thrive as well, so without a doubt getting a petroleum engineering job will teach you lessons and skills that will always remain in demand. This field of work focuses on the exploration and production of gas and oil. You may unsubscribe at any time. Demand for petroleum engineers is expected to be especially high in the field of support activities for mining. In fact, it is the first company to mine oil in Nigeria (Oloibiri) in 1956. It offers a monthly salary of $13,695, which totals to $164,340 per year. Search Petroleum engineering intern jobs. The lowest pay is at NGN 528,000 and the highest is at NGN 337,000,000. In 2018-2019, 1,704 people earned their bachelor's in petroleum engineering, making the major the #138 most popular in the United States. Will it be really worth going to college for? How much do they make an hour? These petroleum engineers are making sure that all is ethical and safe. Job Outlook. Filter by location to see Petroleum Engineer salaries in your area. Keep reading to find out! 455 Petroleum Engineer jobs available on Indeed.com. Rio de Janeiro, Brazil offers an average annual salary of R$217,000, which is equivalent to $54,591.78. The average Petroleum Engineer salary in Oklahoma is $79,960 as of November 25, 2020, but the range typically falls between $73,264 and $86,859. Full List of Petroleum Engineering Salary and Number of Jobs by State, Average Petroleum Engineering Salary by State, Typical Starting Salary with a Bachelor’s or Master’s Degree, Typical Mid-Career Salary and Potential Max Salary, Salary of Petroleum Engineers from Top Companies, Petroleum Engineering Compensation – Other Useful Info, Architectural, Engineering, and Related Services, Management, Scientific and Related Services, Scientific Research and Developmental Services, The average total compensation (base salary plus bonuses) was, The average bonus fell from nearly $58,000 in 2014 to just under. The lowest petroleum engineer salary is R$181,000 and the highest mark is at R$290,000. sezer66 | Getty Images According to PayScale, workers with this degree earn around $94,000 at the beginning of their careers, … As a petroleum engineer, you will be involved in the extraction, mobilization, and utilization of oil and gas resources. It is also one of the highest paying oil companies in Nigeria. Employment in Petroleum Engineering Salary Information The Career Center provides a Salary Survey report from graduating Texas A&M University students every semester. In the United States, Petroleum Engineers get paid an average annual salary of $101,107 according to Payscale, while Glassdoor reports an average annual … Petroleum Engineer Salary Per Month in Nigeria Shell Nigeria Salary Per Month. The national average salary for a Petroleum Engineer is $104,917 in United States. Its sub-disciplines include reservoir engineering, drilling, and production. By the time a student graduates from a petroleum engineering degree, he/she would have learned what the job entails. Then, there’s the planning stage of how to actually prepare to drill the ground so the equipment reaches the source without trouble. Entry Level Salary for Petroleum Engineers: N150,000 to N500,000 Learn about salaries, benefits, salary satisfaction and where you could earn the most. On the third rank in terms of highest salary is Alaska with a monthly salary of $12,221 that totals to $146,650 per year. Petroleum engineering. View Average Salary for Petroleum Engineer as table We’ve identified eight states where the typical salary for a Petroleum Engineer job is above … 41 open jobs for Petroleum engineering intern. The best-paid 25 percent made $191,780 that year, while the lowest-paid 25 percent made $103,610. For someone who has just graduated from a Petroleum Engineering degree, you can choose a career in any of the following positions: By subscribing, you agree to our Terms of Use and Privacy Policy. As most things go, location can be critical. Filter by location to see Petroleum Engineer salaries in your area. * Based on information from the May 2019 salary report from the BLS. The rise of big data has provided significant business opportunities, but complex data sets have no meaning if they're… Shell is the oldest surviving oil and gas company in Nigeria. RELATED: THE BEST PETROLEUM ENGINEERING SCHOOLS WORLDWIDE. Median starting salary of alumni who majored in petroleum engineering: $100,600 Median starting salary of alumni who majored in engineering: $68,700 2019 … The national average salary for a Petroleum Engineer is £52,311 in United Kingdom. The average salary for a Petroleum Engineer is $101,346. This company is located in New Orleans, Louisiana. Median Annual Salary of Petroleum Engineers in Montana Cities (2019 Survey) Table 3 shows the median annual salary of petroleum engineers in some Montana cities and metropolitan areas. There are states that pay higher salaries than the rest for Petroleum Engineering jobs. But how much do petroleum engineers get paid? Second in rank is Colorado, which pays $13,042 monthly salary, a bit lower than Texas, which totals to $156,500 per year. This group's salaries went up from the 2019 report by almost $5,000. These numbers vary from time to time due to where and how the research/surveys were conducted; however, these salary examples and data can be good measuring standards for someone wanting to take a career path that would pay higher than the average of other engineering branches. The highest pay is more than Rs.2.26M per year and the lowest pay is less than Rs.3.9L per year.The average starting salary of Petroleum Engineers is generally between 3-7 Lakh Rupees per year. Highest Paying Metropolitan Areas for P.E. Job Title Educational Requirements Median Salary (2019)* Job Growth (2018-2028)* Petroleum Engineers : Bachelor's Degree : $137,720 : 3%: Mechanical Engineers Good luck! The total cash compensation, which includes base, and annual incentives, can vary anywhere from $86,243 to $102,134 with the average total cash compensation of $94,052. Nigeria offers an average yearly salary of NGN 4,000,000, which is approximately $11,111. How many hours do petroleum engineers work?Petroleum engineers usually work full time. ; Highest Paying States for Petroleum Engineering, States with the Highest Number of Employed Petroleum Engineers. Petroleum engineering starting salary with a bachelor’s degree is going to pay on average $75,000 and $95,000 depending on the company and location. In order to achieve this task, there are preliminary activities or projects that one must do. Fresh graduates who have no experience yet start at $47,500 per year average. In Nigeria, this is great pay. For the hourly wage computation, this does not include bonuses or other benefits from the company. Please, exploration and production of gas and oil, Best Aerospace Engineering Schools Worldwide, Top 3 Jobs for Highest Petroleum Engineer Salary, The Engineering Behind Chand Baori and Other Famous Stepwells, Twitter Launches Stories-Like 'Fleets,' Self-Deleting Tweets, Worldwide. Petroleum engineering jobs offer $36 per hour at the percentile of 10%; at the percentile of 25%, it is at $47.78 per hour; at the percentile of 50%, it is as $62.49 per hour; at the percentile of 75%, it is at $88.97 per hour; and at the percentile of 90%, it is as high as $90 per hour or even more. And that's why it has maintained its highest salary status until now. This is one of the best starting salaries that a college graduate could hope to get and it looks to remain strong for the near future. $174,000 Petroleum engineers in the United States make an average salary of $111,095 per year or $53.41 per hour. Other states that pay more than $100,000 per year are Washington, Alabama, Louisiana, California, Michigan, Oklahoma, and Indiana (the lowest but still really good at $133,020 per year). The petroleum engineer may be assigned to any niche or group that relates to this overall work. ... 16. In the next few tables we compare the average salaries of petroleum engineers within different industry sectors and in the 50 states of the United States. The USA was the region with the highest total compensation. Petroleum engineering jobs are paid an average of SAR 237,206 in Saudi Arabia, which is equivalent to $63,248.61 per year. Salary estimates are based on 36 salaries submitted anonymously to Glassdoor by Petroleum Engineer employees. Highest Paying Non-Metropolitan Areas for P.E. Oil & gas projects always include large cross-functional teams who work together on accomplishing the same goals and assignments. The median annual wage for petroleum engineers was $137,720 in May 2019. People on the lower end of that spectrum, the bottom 10% to be exact, make roughly $70,000 a year, while the top 10% makes $174,000. Salary: The median annual wage for petroleum engineers is $137,720. This is primarily because this job demands a lot of you, physically and mentally, while working in remote locations and usually on lengthy schedules. This will hugely depend on the type if the projects, their scale, and location, among several factors. As of 2016, a full-time petroleum engineering salary averaged $147,0030 per year, according to the U.S. Bureau of Labor Statistics. Engineer Petroleum Measurement is another company that works for the oil industry assisting in hydrocarbon measurement operations around the world. The lowest salary is at SAR 59,000 and the highest is at SAR 955,000. These talented people help find the reservoirs of oil around the world and help determine the best manner in which to extract the oil, what company controls the rights and the application of industry standards to the operation. Apply to Petroleum Engineer, Engineer, Hydraulic Engineer and more! In Canada, the petroleum engineering salary average is at $58,398 per year, which converts to $29.95 per hour. Petroleum engineer salary per month is comparatively higher. Salary estimates are based on 1,242 salaries submitted anonymously to Glassdoor by Petroleum Engineer employees. Highlights from the 2020 SPE Salary Survey Upstream oil and gas industry pay (including salary and bonus) reported by SPE professional members for 2020 averages at USD 163,723, a decline from USD 197,027 in 2019 The mean base pay reported in 2020 is USD 127,053, a decrease from last year’s base pay of USD 147,027. Copyright © 2019 | Society of Petroleum Engineers | 222 Palisades Creek Drive, Richardson, Texas 75080 USA | 1.800.456.6863 | www.spe.org 2019 SPE Membership Salary Survey 4 Figure 2 Base Pay and Other Compensation by Work Region 27 55 03 63 45 84 27 5 4 97 9 $50,811 $75,789 $43,037 $29,230 $26,676 $35,085 $25,540 $13,663 $18,055 $32,606 $27,205 $0 $50,000 The state at the top of the list is Texas. In the United States, Petroleum Engineers get paid an average annual salary of $101,107 according to Payscale, while Glassdoor reports an average annual salary of $118,428. The petroleum engineers annual salary statistics are from the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2019 and published in April 2020 . Visit PayScale to research petroleum engineer salaries by city, experience, skill, employer and more. Work hour. An early career Petroleum Engineer with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of R572,600 based on 8 … Some of the preliminary works to be done include designing mechanical systems, automation equipment, and commissioning processes that will be used to detect and extract gas and oil from under the ground. Petroleum engineering salary in the United States should also be looked at state by state. We note that the median annual salary of petroleum engineers in … Petroleum engineering has been one of the highest paying careers in the history of engineering jobs. The actual conversion rate to US dollars may vary based on current exchange rates in the country. Job Outlook : Employment of petroleum engineers is projected to grow 3 percent over the next ten years, about as fast as the average for all occupations. Salary ranges can vary widely depending on the city and many other important factors, including education, certifications, additional skills, the number of years you have spent in your profession. Just enter your email and we’ll take care of the rest: © Copyright 2020 | Interesting Engineering, Inc. | All Rights Reserved, We use cookies to ensure you get the best experience on our website. For experienced engineers, they can get paid $99,277 per year. The lowest petroleum Engineer employees $ 54,591.78 that pay higher salaries than the rest for petroleum engineers work petroleum. Accomplishing the same goals and assignments the extraction, mobilization, and production of gas oil. Current exchange rates in the field of support activities for mining this will hugely depend on type. Also be looked at state by state than 40 hours a week mark is at SAR 955,000 is R 181,000. At state by state this company is located in New Orleans, Louisiana it be really worth going to for... 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