The oil and gas industry has contributed significantly to global development for many years and more recently. One reason the constantly changing business continues to offer the highest paying employment in integrated oil firms is new technology advancements.
The oil and gas industry provides many high-paying jobs. If you are considering a career in the oil and gas industry, this list of the top 15 best-paying jobs in Integrated Oil Companies is a great place to start your research.
Petroleum Engineer – Median Salary: $137,700
Project Manager – Median Salary: $115,800
Geologist – Median Salary: $104,000
Environmental Manager – Median Salary: $102,000
Health, Safety ; Environment Manager – Median Salary: $101,000
Drilling Engineer – Median Salary: $99,400
Subsea Engineer – Median Salary: $98,700
Petroleum Geologist – Median Salary: $96,400
Reservoir Engineer – Median Salary: $95,600
Production Engineer – Median Salary: $93,000
Completions Engineer – Median Salary: $92,400
Pipeline Engineer – Median Salary: $91,700
Process Engineer – Median Salary: $89,000
Maintenance Manager – Median Salary: $88,200
Accounting ; Finance Manager – Median Salary: $87,600
These are the top 15 best-paying jobs at an integrated oil company based on median salary data from Glassdoor and Payscale. As you can see, there are many high-paying positions available within the oil and gas industry!
So if you’re considering a career in this field, there are plenty of options to choose from!
You also don’t want to miss these other popular posts on best paying jobs:
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1. Petroleum Engineer
– Median Salary: $137,700
The role of a petroleum engineer is to oversee the extraction of oil and gas from beneath the earth’s surface. Petroleum engineers work with other engineers and technicians to develop methods for extracting these natural resources in an efficient and environmentally-friendly manner. In addition, petroleum engineers may also be involved in the transportation and refining of oil and gas products.
Petroleum engineers typically have a background in engineering, with a focus on petroleum engineering.
Some universities offer degree programs specifically in petroleum engineering, while others offer it as a specialization within a broader engineering degree program. After completing their education, petroleum engineers must complete a professional engineer (PE) exam in order to obtain their license.
Petroleum engineers typically work full-time hours in office settings or on-site at drilling and production sites. They may occasionally travel to different locations, both domestic and international. Due to the nature of their work, petroleum engineers often work long hours, including evenings and weekends.
2. Project Manager
– Median Salary: $115,800
The duties and responsibilities of a project manager at an integrated oil company can vary depending on the size and scope of the projects they are overseeing. However, there are some commonalities among most project managers in this industry. Typically, a project manager at an oil company is responsible for the following:
- Developing project plans and timelines
Working with internal and external stakeholders to ensure that project deliverables are met
Coordinating and managing teams of employees or contractors
Monitoring progress and budget
Preparing reports for upper management
– Skills and Qualifications
To be successful as a project manager at an oil company, you will need certain skills and qualifications.
Most importantly, you should have previous experience managing large-scale projects in the oil and gas industry. In addition, you should possess strong written and verbal communication skills, as well as problem solving and interpersonal skills.
A bachelor’s degree in engineering or a related field is also often required.
- Median Salary: $104,000
Geologists play a vital role in the oil and gas industry. They are responsible for finding and developing new oil and gas reservoirs. A typical day in the life of a geologist can involve anything from mapping the subsurface to analyzing rock samples in the lab.
One of the most important tasks that a geologist performs is mapping the subsurface. This involves using data from seismic surveys to create a three-dimensional model of the earth’s crust. Seismic data is collected by sending sound waves into the earth and measuring the time it takes for the waves to bounce back.
By analyzing this data, geologists can get a better understanding of what the subsurface looks like.
Also Read: Best Paying Jobs In Energy
4. Environmental Manager
- Median Salary: $101,000
An environmental manager’s primary responsibility is to develop and implement programs that will ensure compliance with local, state, and federal environmental regulations. To do this, they must be up to date on all relevant regulations. In addition, they must collaborate with other departments within the company to ensure that all operations are in compliance with these regulations.
Another important responsibility of environmental managers is to develop and implement policies and procedures that will minimize the company’s impact on the environment. For example, they may develop a recycling program or institute energy-saving measures. They may also be responsible for conducting audits to ensure that these policies and procedures are being followed.
Finally, environmental managers must be prepared to respond to Emergencies such as oil spills or hazardous waste leaks. They work closely with other members of the company’s emergency response team to ensure that these incidents are dealt with quickly and efficiently.
5. Health, Safety; Environment Manager
The Health, Safety ; Environment (HSE) Manager is responsible for ensuring that all activities carried out by the company comply with environmental regulations. They also develop and implement health and safety programs to protect employees, contractors, and visitors from potential hazards. The HSE Manager monitors environmental conditions around company facilities and works with local emergency response teams in the event of an incident.
A typical day for an HSE Manager might include reviewing safety reports from the previous day, conducting safety audits of company facilities, meeting with contractor representatives to discuss upcoming work, attending meetings with local emergency responders, and reviewing environmental impact studies for new proposed projects.
In addition to their daily duties, HSE Managers also develop long-term plans for improving safety and environmental compliance within their company.
6. Drilling Engineer
– Median Salary: $99,400
One of the most important duties of a drilling engineer is to develop a comprehensive drilling plan.
This plan must take into account the goals of the project, the geology of the area, and the available resources. The drilling engineer must also develop contingency plans in case something goes wrong.
Another key responsibility of a drilling engineer is to oversee the construction of the rigs.
This includes overseeing the assembly of equipment and setting up communication systems. The drilling engineer must also ensure that all safety protocols are followed during construction.
Once construction is complete, it is then up to the drilling engineer to operate the rig. This includes supervising the crew and monitoring all aspects of the operation. The drilling engineer must also keep track of progress and make sure that everyone stays on schedule.
7. Subsea Engineer
- Median Salary: $98,700
Subsea engineering is a relatively new field that emerged in the early 2000s as oil companies began operating in deeper and deeper waters. As the name implies, subsea engineers work on oil rigs and other offshore platforms that are located below the surface of the ocean. They are responsible for designing, installing, and maintaining the equipment and systems that are required for these operations.
Subsea engineers need to have a strong understanding of both mechanical and electrical engineering principles. They also need to be familiar with the unique challenges that come with working in an underwater environment, such as corrosion and pressure changes. In addition, subsea engineers must be able to work well under pressure and be comfortable with long periods of time spent away from home.
8. Petroleum Geologist
- Median Salary: $96,400
The duties of a petroleum geologist vary depending on the size and type of company they work for. However, most petroleum geologists are responsible for some combination of the following tasks:
- Conducting field studies to collect data about the geology of an area
- Analyzing data to identify potential oil and gas reserves
- Preparing reports detailing their findings
- Presenting their findings to company executives or clients
- Collaborating with other members of the exploration team, such as drilling engineers and seismic interpreters
In addition to these duties, petroleum geologists may also be responsible for managing junior members of their team or overseeing drilling operations.
9. Reservoir Engineer
- Median Salary: $95,600
As a reservoir engineer, you’ll be responsible for the efficient and economic development of oil and gas fields. You’ll need to have a strong understanding of how to find and extract oil and gas, as well as how to manage projects and teams.
Other responsibilities may include managing risk, optimizing production, consolidated assets, conducting feasibility studies, preparing budgets, overseeing drilling operations, designing dewatering programs, developing enhanced recovery methods, collaborating with other departments within the company,and presenting findings to upper management.
To become a reservoir engineer, you will need at least a bachelor’s degree in engineering from an ABET-accredited engineering program. A master’s degree in engineering or business administration is often preferred by employers.
- Skills required
In addition to having strong technical skills, you should also have excellent problem-solving skills as well as superb communication (both written and verbal), interpersonal, teamwork, project management,and leadership skills.
10. Production Engineer
- Median Salary: $93,000
Production engineers work with a team of geologists, drilling engineers, and reservoir engineers to develop and implement plans for extracting oil and gas from reservoirs. They also work with other departments within the company, such as transportation and marketing, to ensure that the oil and gas are delivered to customers in a timely and efficient manner.
In addition to their day-to-day duties, production engineers also play an important role in long-term planning for an oil or gas field. For example, they may be responsible for developing plans to maximize production from a declining field or to minimize the environmental impact of operations.
- What Skills Does a Production Engineer Need?
A successful production engineer must have strong problem-solving skills and be able to think creatively to find solutions that improve efficiency and maximize production. They must also be able to effectively communicate with other members of their team as well as with people in other departments within the company.
In terms of specific skills, production engineers should have experience with reservoir simulation software, such as CMG or Petrel. They should also be familiar with well testing methods and have a basic understanding of hydrocarbon thermodynamics. Familiarity with statistical methods, such as Monte Carlo simulation, is also helpful.
Most production engineer positions require at least a bachelor’s degree in engineering. Some companies may prefer candidates who have a master’s degree or higher. It is also important to note that many positions in the oil and gas industry require specific certifications, such as a Professional Engineering (PE) license.
11. Completions Engineer
– Median Salary: $92,400
The job of a Completions Engineer is to design and oversee the construction of oil and gas wells. In addition, they are responsible for ensuring that the well is able to operate safely and efficiently. Completions Engineers work in a variety of settings, including offshore rigs, onshore drilling sites, and in laboratories.
Completions Engineers must have a strong understanding of physics, chemistry, and engineering principles. They must also be able to effectively communicate with other members of their team. Completions Engineers typically work full-time hours; however, they may be required to work overtime during busy periods.
Completions Engineers are employed by integrated oil companies and oil service companies. The majority of Completions Engineers have a bachelor’s degree in engineering; however depending on your experience it isn’t always necessary.
12. Pipeline Engineer
– Median Salary: $91,700
As a pipeline engineer at an integrated oil company, your primary responsibility will be to oversee the construction and maintenance of crude oil pipelines. This includes overseeing the budget, managing staff, conducting safety inspections, and ensuring that regulatory guidelines are being followed. You will also be responsible for developing plans for future pipeline projects and modifications.
Education and Experience Needed
Most pipeline engineering positions require at least a bachelor’s degree in engineering, though some companies may prefer candidates with a master’s degree. It is also important to have several years of experience working in the oil and gas industry, as well as experience working on large-scale construction projects.
- Challenges You May Face
One of the biggest challenges you may face as a pipeline engineer is meeting deadlines. Crude oil pipelines are often complex projects with many moving parts, so it is important to be able to manage your time and resources effectively in order to stay on schedule. Additionally, you may find yourself working long hours or even weekends in order to meet deadlines or respond to emergencies.
13. Process Engineer
- Median Salary: $89,000
Upstream process engineers focus on the exploration and production of crude oil and natural gas. This can involve anything from managing a team of drilling rig operators to supervising the construction of a new pipeline. Midstream process engineers deal with the transport and storage of crude oil and natural gas.
This includes things like tanker trucks, pipelines, and storage tanks. Downstream process engineers work in refineries and petrochemical plants. Their job is to convert crude oil into useful products like gasoline, diesel, and plastics.
The Life of a Process Engineer
A typical day in the life of a process engineer can involve a wide variety of tasks. They might spend the morning meeting with clients to discuss the design of a new process unit. In the afternoon, they might inspect a construction site to make sure that everything is going according to plan.
After that, they might head back to the office to crunch some numbers or review some blueprints. And then finally, they might wrap up their day by attending a safety meeting or writing up a report.
The work of a process engineer is interesting and varied. No two days are ever the same. If you are considering a career in engineering, then you should definitely give some thought to becoming a process engineer in the oil industry.
14. Maintenance Manager
– Median Salary: $88,200
Maintenance managers are responsible for overseeing the maintenance and repairs of all equipment and machinery at an integrated oil company. This can include anything from oil rigs and pipelines to vehicles and financial records.
A typical day in the life of a maintenance manager might involve coordinating with other departments to ensure that repairs are made in a timely manner, conducting safety inspections, or overseeing the installation of new equipment.
- What Does It Take to Be a Maintenance Manager?
Maintenance managers must have excellent communication and organizational skills in order to be successful. They must be able to work well under pressure and handle multiple tasks simultaneously. In addition, maintenance managers must have a strong understanding of the equipment and machinery used by an oil company, as well as a keen eye for detail.
If you’re thinking about a career as a maintenance manager, it’s also important to be aware of the potential risks involved.
Working at an oil company can be dangerous, and maintenance managers may be exposed to hazardous materials on a regular basis. Maintenance managers must take precautions to protect themselves and their employees, such as wearing proper protective gear and following safety procedures to the letter.
15. Accounting; Finance Manager
– Median Salary: $87,600
The Accounting ; Finance Manager at an integrated oil company is responsible for a wide range of tasks. Some of the most important ones include:
- Overseeing the preparation of financial statements. This includes ensuring that all financial transactions are properly recorded and that the statements comply with generally accepted accounting principles (GAAP). The manager also reviews the statements for accuracy and prepares them for presentation to senior management and/or the board of directors.
- Managing the budgeting process. This involves working with different departments to develop and track their budgets. The manager also ensures that all expenditure is properly authorized and that expenditures are in line with the company’s overall business strategy.
- Coordinating auditing activities. This includes working with external auditors to ensure that all financial records are properly reviewed and that any recommendations for improvement are implemented. The manager also liaises with internal audit staff to ensure that all internal controls are functioning properly.
- Reviewing contracts. This includes reviewing all contracts entered into by the company to ensure that they are financially advantageous to the company and do not put the company at risk. The manager also negotiates contract terms with suppliers, customers, and other stakeholders.