Average Salary | Education | Work Experience | Number of Jobs | Job Growth | Job Rating | Employment Change |
127K - 129K | Bachelor's degree | None | 35,100 | 10% (Faster than average) | 4.6/5 | 3,400 |
- JOB DUTIES
- SALARIES
- JOB OUTLOOK
- EDUCATION AND TRAINING NEEDED
JOB DUTIES
Petroleum engineers design and develop methods for extracting oil and gas from deposits below the Earth’s surface. Petroleum engineers also find new ways to extract oil and gas from older wells.
Petroleum engineers typically do the following:
- Design equipment to extract oil and gas in the most profitable way
- Develop ways to inject water, chemicals, gases, or steam into an oil reserve to force out more oil
- Develop plans to drill in oil and gas fields, and then to recover the oil and gas
- Evaluate the production of wells through testing and surveys
- Use computer-controlled drilling or fracturing to connect a larger area of an oil and gas deposit to a single well
- Make sure that oil field equipment is installed, operated, and maintained properly
Oil and gas deposits, or reservoirs, are located deep in rock formations underground. These reservoirs can only be accessed by drilling wells, either on land or at sea from offshore oil rigs.
Once oil and gas are discovered, petroleum engineers work with geoscientists and other specialists to understand the geologic formation of the rock containing the reservoir. They then determine the drilling methods, design the drilling equipment, implement the drilling plan, and monitor operations.
The best techniques currently being used recover only a portion of the oil and gas in a reservoir, so petroleum engineers also research and develop new ways to recover more of the oil and gas. This helps to lower the cost of drilling and production.
The following are examples of types of petroleum engineers:
Completions engineers decide the best way to finish building wells so that oil or gas will flow up from underground. They oversee work to complete the building of wells, which might involve the use of tubing, hydraulic fracturing, or pressure-control techniques.
Drilling engineers determine the best way to drill oil or gas wells, taking into account a number of factors, including cost. They also ensure that the drilling process is safe, efficient, and minimally disruptive to the environment.
Production engineers take over wells after drilling is completed. They typically monitor wells’ oil and gas production. If wells are not producing as much as expected, production engineers figure out ways to increase the amount being extracted.
Reservoir engineers estimate how much oil or gas can be recovered from underground deposits, known as reservoirs. They study reservoirs’ characteristics and determine which methods will get the most oil or gas out of them. They also monitor operations to ensure that the optimal levels of these resources are being recovered.
SALARIES
The median annual wage for petroleum engineers was $128,230 in May 2016. The median wage is the wage at which half the workers in an occupation earned more than that amount and half earned less. The lowest 10 percent earned less than $73,000, and the highest 10 percent earned more than $208,000.
In May 2016, the median annual wages for petroleum engineers in the top industries in which they worked were as follows:
Management of companies and enterprises | $153,320 |
Engineering services | 140,510 |
Oil and gas extraction | 134,440 |
Petroleum and coal products manufacturing | 123,580 |
Support activities for mining | 106,340 |
Petroleum engineers typically work full time. However, about 2 in 5 worked more than 40 hours a week in 2014. Overtime may be necessary when traveling to and from drilling sites to help in their operation or respond to problems when they arise. When they are at a drilling site, it is common for these engineers to work in a rotation: on duty for 84 hours and then off duty for 84 hours.
JOB OUTLOOK
Employment of petroleum engineers is projected to grow 10 percent from 2014 to 2024, faster than the average for all occupations. Job prospects should be favorable because many engineers are expected to retire.
Oil prices will be a major determinant of employment growth. Because many petroleum engineers work in oil and gas extraction, any changes in oil prices will likely affect employment levels. Higher prices can cause oil and gas companies to drill in deeper waters and in less hospitable places and return to existing wells to try new extraction methods. This means that oil drilling operations will likely become more complex and will require more engineers to work on each drilling operation.
Demand for petroleum engineers in support activities for mining should also be strong, as oil and gas companies find it convenient and cost-effective to seek their services on an as-needed basis.
Job Prospects
Job prospects are expected to be favorable because of projected growth and because many petroleum engineers may retire or leave the occupation for other reasons over the next decade.
EDUCATION AND TRAINING NEEDED
Petroleum engineers must have a bachelor’s degree in engineering, preferably in petroleum engineering. However, a bachelor’s degree in mechanical or chemical engineering may also meet employer requirements. Employers also value work experience, so college cooperative-education programs, in which students earn academic credit and job experience, are valuable as well.
Education
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 may 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.
Licenses, Certifications, and Registrations
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.
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.
Advancement
Entry-level engineers usually work under the supervision of experienced engineers. In large companies, new engineers also may receive formal training. As engineers gain knowledge and experience, they move to more difficult projects where they have greater independence to develop designs, solve problems, and make decisions.
Eventually, petroleum engineers may advance to supervise a team of engineers and technicians. Some become engineering managers or move into other managerial positions. For more information, see the profile on architectural and engineering managers.
Petroleum engineers also may go into sales and use their engineering background to inform the discussion of a product’s technical aspects with potential buyers and help in product planning, installation, and use. For more information, see the profile on sales engineers.