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Highest Paying Countries for Petroleum Engineers

Last Updated on June 13, 2024 by Team College Learners

Petroleum engineering is known as a “great marriage” of technology and geology, due to the technical knowledge needed to discover, drill, and produce oil. Petroleum engineers combine this technology with their geological background to evaluate the feasibility of constructing an oil well in order to make a business decision. Petroleum engineers may also be responsible for overseeing governmental regulations that affect their efforts. Petroleum engineers work primarily in oil-rich areas such as Alaska, California, Texas, and even the Middle East and Russia.

Find out everything you need to know about jobs in foreign countries for petroleum engineers, top 10 highest paying countries for petroleum engineersby reading the article below

10 Highest Paying Countries for Petroleum Engineers - Insider Monkey

Salaries of Petroleum Engineers around the World

In Canada, the petroleum engineering salary average is at $58,398 per year, which converts to $29.95 per hour. Fresh graduates who have no experience yet start at $47,500 per year average. For experienced engineers, they can get paid $99,277 per year.

Nigeria offers an average yearly salary of NGN 4,000,000, which is approximately $11,111. In Nigeria, this is great pay. The actual conversion rate to US dollars may vary based on current exchange rates in the country. The lowest pay is at NGN 528,000 and the highest is at NGN 337,000,000.

Petroleum engineering jobs are paid an average of SAR 237,206 in Saudi Arabia, which is equivalent to $63,248.61 per year. The lowest salary is at SAR 59,000 and the highest is at SAR 955,000.

Rio de Janeiro, Brazil offers an average annual salary of R$217,000, which is equivalent to $54,591.78. The lowest petroleum engineer salary is R$181,000 and the highest mark is at R$290,000.

Top 50 Highest-Paying Jobs – P1.Petroleum Engineering. | World Marks

Best country for petroleum engineer job

If you are planning to start a career as a petroleum engineer, you should decide where you want to work. Maybe this profession isn’t well paid in your country, but there are some countries that will provide you an extremely high salary.

The demand for petroleum engineers have been growing by double digits annually in recent years and we have seen an estimate that predict a 17% growth rate through 2020. We aren’t that optimistic due to the recent decline in oil prices. However, there is no doubt that petroleum engineers have a very high job security, due to the fact that the oil is still among the most needed commodities in the world.

According to a research conducted by the Bureau of Labor Statistics, petroleum engineers earned $108,000 in 2008. Today, their salaries are even higher. The only drawback of the job is that many of them must move overseas and spend a lot of time on offshore platforms.

Education for Petroleum Engineers

Students interested in studying petroleum engineering will benefit from taking high school courses in math, such as algebra, trigonometry, and calculus; and in science, such as biology, chemistry, and physics.

Entry-level petroleum engineering jobs require a bachelor’s degree. Bachelor’s degree programs include classes, laboratory work, and field studies in areas such as engineering principles, geology, and thermodynamics. Most colleges and universities offer cooperative programs in which students gain practical experience while completing their education.

Some colleges and universities offer 5-year programs in chemical or mechanical engineering that lead to both a bachelor’s degree and a master’s degree. Some employers prefer applicants who have earned a graduate degree. A graduate degree also allows an engineer to work as an instructor at some universities or in research and development.

ABET accredits programs in petroleum engineering.

Highest Paying Countries for Petroleum Engineers


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.

United States

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. 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.

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.

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.

Licenses, Certifications, and Registrations for Petroleum Engineers

Licensure is not required for entry-level positions as a petroleum engineer. A Professional Engineering (PE) license, which allows for higher levels of leadership and independence, can be acquired later in one’s career. Licensed engineers are called professional engineers (PEs). A PE can oversee the work of other engineers, sign off on projects, and provide services directly to the public. State licensure generally requires

  • A degree from an ABET-accredited engineering program
  • A passing score on the Fundamentals of Engineering (FE) exam
  • Relevant work experience, typically at least 4 years
  • A passing score on the Professional Engineering (PE) exam

The initial FE exam can be taken after one earns a bachelor’s degree. Engineers who pass this exam are commonly called engineers in training (EITs) or engineer interns (EIs). After meeting work experience requirements, EITs and EIs can take the second exam, called the Principles and Practice of Engineering (PE).

Several states require engineers to take continuing education courses in order to keep their licenses. Most states recognize licensure from other states if the licensing state’s requirements meet or exceed their own licensure requirements. The Society of Petroleum Engineers offers certification. To be certified, petroleum engineers must be members of the Society, pass an exam, and meet other qualifications.

Petroleum Engineering Jobs for Fresh Graduates

  • Production Engineer – this type of engineer designs equipment that will monitor, control, and manage the production process, from the well-site to the drilling until successful delivery. They do not always hold a Petroleum Engineer degree, and you will also find Mechanical Engineers and Chemical Engineers and even Physicists performing well in such positions.
  • Completion Engineer – a Completion Engineer works with the technical team to develop plans for improving the production of gas and oil from wells. Other duties of this engineer include management of other people, either in the administrative department or management of warehouses for a company, monitoring levels of stocks, planning the delivery timelines, and managing the ordering process up to the shipment.
  • Reservoir Engineer – this is another type of Petroleum Engineer that focuses on using the scientific methods, mathematical theories, and basic laws of physics and chemistry to help with the development and production of gas and oil resources from the Earth. This engineer works as a surveillance person, which means he has to monitor the surfaces already discovered and find ways to boost production. He/She is also responsible with the analysis of the inflow and outflow.
  • Drilling Engineer – as the title implies, this type of Petroleum Engineer is responsible for the drilling of gas and oil deposits. Like other types, there are analyses to be made so that costs will not be too high and that equipment designed and built will be used to their optimum. The engineer will monitor and work throughout the lifecycle of the well until the gas and oil deposits have been successfully extracted. It is also the Drilling Engineer’s job to design the well, prepare the budget for the drilling team, and then make sure the expenses are kept within that budget.

And there you have it! These are the top-paying countries for petroleum engineers.

Now that you know where to look, you’re probably wondering what to do next. First of all, we recommend updating your resume, as that’s likely to be the first thing that potential employers want to see. We also highly recommend joining a professional organization and attending industry events so you can network with other people in your field. This is a great way to find out about openings at companies before they’re officially posted, and to be ready when they are.

Finally, we recommend checking out the open positions at [company name]. We have offices all over the world, and we’re expanding every day. If any of these locations sound interesting to you, don’t hesitate to check out our website and apply!

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