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Petroleum Engineering - Petroleum Engineer Career



Nature of Petroleum Engineer Work

Petroleum engineers search the world for reservoirs containing oil or natural gas. Once these resources are discovered, petroleum engineers work with geologists and other specialists to understand the geologic formation and properties of the rock containing the reservoir, determine the drilling methods to be used, and monitor drilling and production operations. They design equipment and processes to achieve the maximum profitable recovery of oil and gas. Because only a small proportion of oil and gas in a reservoir flows out under natural forces, petroleum engineers develop and use various enhanced recovery methods. These include injecting water, chemicals, gases, or steam into an oil reservoir to force out more of the oil and doing computer-controlled drilling or fracturing to connect a larger area of a reservoir to a single well. Because even the best techniques in use today recover only a portion of the oil and gas in a reservoir, petroleum engineers research and develop technology and methods to increase recovery and lower the cost of drilling and production operations.



Petroleum Engineer Career Job Outlook

Petroleum engineers are expected to have 5 percent employment growth over the projections decade, more slowly than the average for all occupations. Even though most of the potential petroleum-producing areas in the United States already have been explored, petroleum engineers will increasingly be needed to develop new methods of extracting more resources from existing sources. Favorable opportunities are expected for petroleum engineers because the number of job openings is likely to exceed the relatively small number of graduates. Petroleum engineers work around the world and, in fact, the best employment opportunities may include some work in other countries.



Petroleum Engineer Salaries

Earnings for engineers vary significantly by specialty, industry, and education. Variation in median earnings and in the earnings distributions for engineers in various specialties is especially significant. Table 2 shows wage-and-salary earnings distributions in May 2006 for engineers in specialties covered in this statement.

Table 2: Earnings distribution by engineering specialty, May 2006
Specialty Lowest 10% Lowest 25% Median Highest 25% Highest 10%

Aerospace engineers

59,610
71,360
87,610
106,450
124,550

Agricultural engineers

42,390
53,040
66,030
80,370
96,270

Biomedical engineers

44,930
56,420
73,930
93,420
116,330

Chemical engineers

50,060
62,410
78,860
98,100
118,670

Civil engineers

44,810
54,520
68,600
86,260
104,420

Computer hardware engineers

53,910
69,500
88,470
111,030
135,260

Electrical engineers

49,120
60,640
75,930
94,050
115,240

Electronics engineers, except computer

52,050
64,440
81,050
99,630
119,900

Environmental engineers

43,180
54,150
69,940
88,480
106,230

Health and safety engineers

41,050
51,630
66,290
83,240
100,160

Industrial engineers

44,790
55,060
68,620
84,850
100,980

Marine engineers and naval architects

45,200
56,280
72,990
90,790
113,320

Materials engineers

46,120
57,850
73,990
92,210
112,140

Mechanical engineers

45,170
55,420
69,850
87,550
104,900

Mining and geological engineers

42,040
54,390
72,160
94,110
128,410

Nuclear engineers

65,220
77,920
90,220
105,710
124,510

Petroleum engineers

57,960
75,880
98,380
123,130
Over 145,600




Table 3: Average starting salary by engineering specialty and degree , 2007
Curriculum Bachelor's Master's Ph.D.

Aerospace/aeronautical/astronautical

$53,408 $62,459 $73,814

Agricultural

49,764

Architectural

48,664

Bioengineering and biomedical

51,356 59,240

Chemical

59,361 68,561 73,667

Civil

48,509 48,280 62,275

Computer

56,201 60,000 92,500

Electrical/electronics and communications

55,292 66,309 75,982

Environmental/environmental health

47,960

Industrial/manufacturing

55,067 64,759 77,364

Materials

56,233

Mechanical

54,128 62,798 72,763

Mining and mineral

54,381

Nuclear

56,587 59,167

Petroleum

60,718 57,000

Footnotes:
(NOTE) Source: National Association of Colleges and Employers


Bureau of Labor Statistics



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