The oil and gas industries are diverse in their operations, providing a variety of opportunities and benefits to those who meet the necessary educational requirements and professional skills. Despite rumors of a crude oil shortage and environmental concerns, this industry is still thriving, with more attention being paid to carbon management and the overall health of the planet.
We all prioritize different aspects of a job; some may prioritize satisfaction over money, while others prioritize location or travel opportunities. Employment opportunities in this demanding field provide numerous reasons to consider this career path.
So, let’s get started and examine all of the different aspects! All we can do is assist you in making your decision.
What is the oil and gas industry like?
The common concept of oil and gas job positions is of engineers who work on an oil rig, approximately 90% of positions are based on land.
Most onshore jobs are based in hubs, where many industry employers congregate, and where you’ll most likely be office-based and operate regular hours – but it’s a global industry, so you’ll almost certainly get to travel or even work abroad at some point.
If you choose to work offshore, you will usually work 12-hour shifts for up to three weeks, spending significant time away from home. You will then be given the equivalent duration of time off work to compensate.
Incomes in the oil and gas industry differ depending on the position you hold. However, it can be a rewarding career path.
Is oil and gas production a good career path?
Yes, it is. If you want to work in the oil and gas industry or the broader energy sector, there are several appealing advantages. Salaries in this sector are generally high, owing to a variety of factors, including the academic background. Other benefits, such as lucrative financial incentives, will, however, come into play, making potentially remote working areas more appealing to employees.
Individual salaries vary greatly depending on experience and role-specific skills. More skilled workers can command substantially higher pay. Technology is essential in this industry, and as you advance along this path, you will have chances to be trained on cutting-edge equipment regularly. Maintaining your skills will help you advance in your career significantly. Due to the global demand for these resources, travel opportunities abound. Owing to the growing demand for skilled professionals, this career path provides you with real geographic flexibility – especially if you work offshore!
In the oil and gas industry, learning is continuous. This industry is constantly changing, and technological advancements and practices are prevalent, so you can expect to grow professionally while working.
What is the average salary for the oil and gas industry?
Mining Engineer = $69,988 – $92,556
Mud Logger = $39,162 – $47,260
Petroleum Engineer = $88,572 – $106,973
Engineering Geologist = $45,280 – $64,623
Energy Engineer = $70,997 – $86,974
Geoscientist = $62,000 – $150,000
Marketing Coordinator = $79,000
How many jobs are available in the industry?
#1: Labor jobs
These jobs do not require more than a high school degree or equivalent, though mechanical competence and an ability to work hard are required.
The following jobs not only demand strength work and other physical labor but also typically require 12-hour shifts.
- Rig workers
- Field operators
- Pumpers
- Pipeline workers
- Roustabouts
- Drillers
- Transportation workers
#2: Professional-level jobs
Working as a professional in the oil and gas industry necessitates extensive education and training. These jobs frequently require long hours and physical presence in sites where oil and gas are extracted.
- Petroleum engineers
- Geoscientists
- Mining engineers
- Marketing coordinator
- Energy engineers
- Engineering geologists
- Hydrographic surveyor
Best paying jobs in the oil and gas industry
#1: Petroleum engineer
Petroleum engineers are in charge of analyzing reservoirs to see if they can be profitably utilized by the company. They also determine the best and most efficient method of extracting oil and natural gas from beneath the earth’s surface.
This entails a careful examination of each site where the preferred resource is discovered, as well as a cost-effective drilling and extraction strategy to extract the relevant resource. The annual salary range is between $88,572 and $106,973.
#2: Energy engineers
Energy engineers are those who specialize in renewable energy design. Their goal is to innovate and save energy. They also conduct energy surveys and site inspections.
Specialized qualifications for this position have increased in recent years. Their salary range is between $70,997 and $86,974.
#3: Marketing Coordinator
A marketing coordinator does not need a degree in science or engineering. Marketing positions are abundant in oil and gas companies. The marketing coordinator is in charge of organizing the organization’s marketing and supply operations.
They must also collaborate with client services to maintain a smooth supply chain. They may also be required to compile data on the items supplied and sold. The majority of one’s income as a marketing coordinator is determined by one’s work history. However, their annual salary is $79,000.
#4: Mining engineer
The mining engineer ensures that mines and other surfaces are properly developed. The majority of their work is done before the building of a new location. A mining engineer’s first task is to determine whether or not a specific mining location is viable.
Furthermore, they make sure that the mining service is functioning smoothly. They will also be responsible for the mine’s potential closure and cleanup. Their salary ranges between $69,988 and $92,556.
Factors why you need to choose oil and gas production
Salary
One would prefer to work at a company that pays its workers in one lump sum. Furthermore, working in the oil and gas industry can guarantee you the highest starting salary.
Travel Opportunities
For those who enjoy traveling, this industry is ideal. Because of the high demand for these services, you’ll have to travel all over the world. You will learn about the physical structure and design of the planet in this line of work.
Fundamental knowledge of Technology
This industry’s tools and equipment come in a variety of shapes and sizes. To understand how a tool works, you must first learn all of the necessary tools.
Every day, some of the most cutting-edge advanced technologies will be used to teach and educate you. This universe is brimming with new gadgets, and it is up to us to explore them.
Learning Continuity
If you do choose to take a job in the oil and gas industry, you will never be bored. This industry is constantly evolving, requiring the use of your expertise to address new challenges as they arise.
A lack of expertise in the field will force you to keep improving your abilities. As a result, operating in the oil and gas industry requires continuous learning to keep up with the ever-expanding field made brought about by technological advances.
Top 5 companies in the oil and gas industry
1. Chevron
Number of employees: 42,595
Annual revenue: $155.61 billion
Headquarters: San Ramon, California
2. Saudi Aramco
Number of employees: 66,800
Annual revenue: $360 billion
Headquarters: Dhahran, Saudi Arabia
3. ExxonMobil
Number of employees: 64,000
Annual revenue: $285.6 billion
Headquarters: Irving, Texas
4. TotalEnergies
Number of employees: 105,476
Annual revenue: $205.86 billion
Headquarters: Courbevoie, France
5. Shell
Number of employees: 86,000
Annual revenue: $261.5 billion
Headquarters London, United Kingdom
Bottom – Is Oil and Gas Production a Good Career Path
Is it a good idea to pursue a career in the oil and gas industry? Of course, it is. The oil and gas industry offers appealing benefits such as continuous learning, travel, and lump-sum pay. You can also use your knowledge of oil and production to enhance your business acumen.
