Are you one of those who is looking for the best-paying Jobs in the Oil and Gas Production Industry in 2023? Then you arrive at the most appropriate place.
Unemployment is the biggest issue among Young people worldwide. There are lots of people who are not capable of finding the best jobs for themselves. On the other hand, Oil and Gas Industry is facing shortages of skilled workers. Regarding Employment, Oil, and Gas Production Industry has a great opportunity for teenagers. In this Industry, jobs are booming day by day. According to Energy Information Administration (EIA), US oil production has increased from 11.7 million bpd to 12.6 million bpd by the end of the year 2019. Naturally, this results in more Oil and Gas Industry jobs.
Global Energy demand will increase by 35 percent from 2010 to 2035. The oil and gas industry is ready to hire more young people at higher wages to meet this demand. Of course, money is not everything. When finding out the ideal job in the Oil Industry, you must look for other factors such as good corporate citizenship, climate friendliness, and more which is a very challenging and tedious task.
If you want to make some cash in Oil and gas-related jobs, look no further. As for the ease of our readers, we have curated the list of 10+ Best Paying Jobs in Oil and Gas Production in 2023. So without further ado, let’s get started:
Best Paying Jobs In Oil and Gas Production in 2023
Oil and Gas Production jobs are in great demand. If we talk about the numbers, in the United States alone, there are 5,00,000+ oil field jobs requirement that needs to be fulfilled, and globally this number is multiplied several times ever. So the opportunity is enough. You only need to train and educate yourself to become eligible for these jobs. Today, I will mention all the highest-paying Jobs in Oil and Gas Production Industry so that you can start your Career in this sector and get a better position for an exciting career.
It is a highly specialist field of the Oil and Gas Industry. Petroleum geologists search for and discover oil and gas deposits within the Earth. They use geological information to identify which sites Company should drill for oil. They identify the oil and Gas Reservoirs beneath the earth and predict how much oil or gas can be extracted safely. Moreover, it also suggests the best drilling methods depending on the geographical area.
To develop oil and gas drilling plans, these Professionals analyze data from Seismic Surveys, Core samples, and well logs. They also prepare reports on the estimated cost of oil extraction projects. The average salary of a Petroleum Geologist is $161,946. So choosing Petroleum Geologist as a Career is both financially and personally satisfying.
2) Petroleum Engineer
The other most paid oil and gas job is Petroleum Engineer. Their primary job is to devise methods for extracting oil and gas from the ground efficiently. Petroleum Engineers also ensure that the entire process of extracting oil from the ground should be done safely. They also take charge of conducting research and making the extraction process cost-effectively
The average salary of a Petroleum Engineer in the U.S. is 130 850. It is the entry-level digit. The overall salary depends on various factors such as years of experience, qualifications, and more.
3) Drilling Supervisor
Drilling is the most important part of the Oil and Gas production industry. The role of the drilling Supervisor is to oversee that the drilling is done on time. They manage and execute the entire drilling process from the initial design stage to the end. The best thing about this job role is that you do not need a bachelor’s degree to acquire this role. You only need to have a significant experience in this Industry.
It is one of the best-paying jobs in the Oil and Gas Production Industry, with an annual salary of $116,987. Besides these, several perks are added to the salary.
4) Chemical Engineers
Chemical Engineers in Oil Industry are the most-paid workers. They assess and determine the type and amount of chemicals required to transform oil products into useful materials in the industry. Chemical Engineers collaborate with other Professional Engineers to transform crude oil or petroleum into useful materials such as gasoline and Kerosene. They keep a record of daily assessments of laboratory data. Additionally, they do many experiments, calculate results, and offer ideas on maximizing efficiency.
They often work closely with Scientists and Engineers to ensure the safe storage of raw materials and transformation into gasoline and fuel. The average annual income for Chemical Engineers was $167 120 per year. You need a bachelor’s degree in Chemical Engineering to apply for this role.
5) Gas Plant Operator
The job of Gas Plant Operators is to distribute gas to companies that distribute them. They are responsible for monitoring and controlling the operations of gas plants. Their tasks include accurately reading gauges, adjusting valves, and operating machinery. They also inspect oil and gas pipelines for leaks and other issues. Additionally, they work closely with other oil Industry Personnel to ensure that all operations are running smoothly.
The average Annual Salary of a Gas Plant Operator is $70,720 per year in the US.
Geophysicist is the best-paying job in the Oil and Gas Production Industry that uses seismic tests to determine if there are any reservoirs of oil or natural gas beneath the surface of the Earth so that they drill down and extract it using drilling techniques such as horizontal drilling techniques or not. Geophysicists can earn a sizeable income of about $103,920 annually.
7) Reservoir Engineer
It is another paid job in the oil and gas industry. The job responsibilities of a Reservoir Engineer include designing, building, and operating wells that produce oil and gas. They also determine how much hydrocarbon is available in an underground reservoir. They also create plans for how effectively one can extract it from the ground
With this profession, you can earn at least $146,091 per year anywhere in the world
8) Mechanical Engineer
If you acquired a bachelor’s degree in Mechanical Engineering, then this profession is very profitable and best paying in the oil and gas Industry. Mechanical Engineers are responsible for designing products such as Engines, and Machines that work using moving parts. They use their Engineering principles to create prototypes of their designs, test them, and refine them until they work correctly and efficiently. Their work involves developing equipment used by workers including pipelines, valves, turbines, etc. Additionally, they maintain or repair the complex tools and machines used in sites and refineries.
The annual median salary of a Mechanical Engineer in the oil and gas production industry is about $114,660.
9) Environmental Engineer
The procedure of extracting oil and gas from the earth is sensitive to the Environment. This makes the role of environment Engineer important in this industry. The responsibility of the Environment Engineer is to ensure that the Extraction process does not harm the Environment in any way. They work to ensure sustainable and efficient extraction which is an important role in contributing to Environment Conservation.
It is one of the highest-paid jobs in the Oil and Gas Industry that has an average salary of $82,960. Besides this, the job provides several perks such as paid vacation time, health Insurance, and more.
10) Subsea Engineer or ROV Pilot
Subsea engineers or ROV Pilots have very hard responsibilities. As the name suggests, they remain on the ocean floor or sometimes in water so deep that you can’t see any light. Their job is to design and install equipment that helps oil and gas industries to find new sources of fossil fuels. They install equipment such as pipelines, valves, manifolds, and umbilicals that connect production platforms on the surface with wells on the ocean floor.
This job involves up to eight hours each day underwater while maintaining a physical fitness level that requires working at high altitudes above sea level due to pressure changes
11) Project Manager
Project Managers have lots of duties to do. They oversee oil projects from start to finish. It includes defining Project goals, developing plans, and assigning resources. They are responsible for completing the projects within the time and budget constraints. To successfully wind up the operation, they need to collab with Engineers and technicians. So for a successful project, the role of Project Manager becomes important in the oil and gas Industry.
On Average, the Project Management specialist can earn a salary of $151,750. However, this number depends on various factors such as geographical area, years of experience, and more.
Frequently Asked Questions (FAQs)
Q1: Which is the highest-paying job in Oil Industry?
Petroleum Geologist is the highest paying job in Oil Industry. The average salary of a Petroleum Geologist in Canada is 161,946.
Q2: Which Country is best for Oil and Gas Jobs?
Several countries provide great Employment opportunities in Oil and gas Production Industries. It includes Australia, China, Russia, Denmark, Indonesia, the Philippines, and more.
Q3: What Educational Qualifications are required to work in Oil and Gas Industry?
Educational Qualification completely depends on the respective fields you want to apply for. To get the job of Petroleum Engineer, you must have a bachelor’s degree in Engineering.
Q4: How do get a Good Paying job in the oil and Gas Production Industry?
To get a good-paying job in Oil and Gas Industry, the aspirant must own some soft skills like Leadership abilities, Communication, critical thinking, and Problem-solving skills. Other Abilities include the ability to carry heavy loads, a science and technology background, a bachelor’s degree, and other requirements based on the job field.
Q5: What are the Pros and Cons of working in an Oil or Gas Industry?
The Pros are:
- Lots of job fields in the oil and gas industry include high average salary that also includes hourly workers.
- This is ever growing industry with opportunities for Career Advancements
The cons are:
- Most of the oil rig positions have long working days, and extended time away from the family is common
- This industry has the higher injury rates in the world.
- Risky. You need to work under hazardous conditions
These are some of the Best Paying Jobs In the Oil and Gas Production Industry. We have included lots of factors such as Job Growth, Availability, Salaries, Safety, and more while creating the list. I hope you found this post helpful and informative. Keep sharing it with your near and dear ones.
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