Which Area Ranks Highest for Petroleum Engineer Salaries?
It’s an important position in the oil and gas community, but which area has the highest petroleum engineer salaries?
Petroleum engineers are responsible for locating, recovering and maintaining the world’s oil and gas supplies.
In addition to designing and developing methods for extracting oil and gas from below the earth’s surface, these professionals manage producing properties once operational and maximize the performance and profitability of wells.
*The following salary figures are taken from global energy workforce solutions provider Airswift
3. Asia Pacific
In third place, Asia Pacific offers petroleum engineers with 5-10 years of experience between $48-$55,000. This figure rises to between $60,000 and $80,000 for those with 10-15 years of experience and between $75,000 and $93,000 for those with 15-20 years under their belt.
Those with more than 20 years of experience in the field can expect to earn more than $120,000 in this region.
2. North America
North America pays significantly more than APAC when it comes to petroleum engineers, with professionals of this nature earning between $60,000 and $110,000 in the 5-10 year experience range.
Petroleum engineers with 10-15 years of experience in this region can command between $90,000 and $150,000, and those with 15-20 years of experience can earn between $120,000 and $175,000. Those with more than 20 years of experience can make between $140,000 and $220,000.
The UK just edges out North America when it comes to the salary of petroleum engineers.
Although professionals of this nature in the UK earn less at the 5-10 year experience level than their N. American counterparts - between $64,600 (GBP 50,000) and $90,440 (GBP 70,000) – those with more experience can expect higher rewards.
Workers with between 10-15 years of experience can make between $90,440 (GBP 70,000) and $167,960 (GBP 130,000) and those with 15-20 years of experience can make between $155,028 (GBP 120,000) and $193,800 (GBP 150,000).
Top earners here can earn between $167,960 (GBP 130,000) and $219,623 ($170,000), but more than 20 years of experience will be needed to clinch this sort of salary.
Get What You’re Worth
Never be scared to ask for a pay rise if you think you’re being underpaid – that’s the advice of petroleum engineering graduate Abdulmalik Adetunji Taj-Liad.
Taj-Liad advises anyone looking to get more money from their employer to take note of the following tips:
- Research salaries from similar companies
- Know the financial situation of your company
- Be at your best, always
- Be sensitive to your superior’s body language during salary negotiations
- Never be rude during a salary negotiation
WHAT DO YOU THINK?
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