Median annual earnings of petroleum engineers were $83,370 in 2002. The middle 50 percent earned between $63,390 and $105,920. The lowest 10 percent earned less than $49,010, and the highest 10 percent earned more than $127,950.
According to a 2003 salary survey by the National Association of Colleges and Employers, bachelor's degree candidates in petroleum engineering received starting offers averaging $55,987 year.
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. Petroleum engineers rely heavily on computer models to simulate reservoir performance using different recovery techniques. They also use computer models for simulations of the effects of various drilling options.
Because only a small proportion of oil and gas in a reservoir will flow 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 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.
.Employment of petroleum engineers is expected to decline through 2012 because most of the potential petroleum-producing areas in the United States already have been explored. Even so, favorable opportunities are expected for petroleum engineers because the number of job openings is likely to exceed the relatively small number of graduates. All job openings should result from the need to replace petroleum engineers who transfer to other occupations or leave the labor force.
Petroleum engineers work around the world and, in fact, the best employment opportunities may be in other countries. Many foreign employers seek U.S.-trained petroleum engineers, and many U.S. employers maintain overseas branches where petroleum engineers work.
.For further information on careers, education, and salaries for petroleum engineers, contact:
See the introduction to the section on engineers for information on working conditions, training requirements, and other sources of additional information.
Because only a small proportion of oil and gas in a reservoir will flow out under natural forces, petroleum engineers develop and use various enhanced recovery methods. Working Conditions Most engineers work in office buildings, laboratories, or industrial plants. Some engineers travel extensively to plants or work sites. Many engineers work a standard 40-hour week. Engineering consulting firms and government agencies also employ petroleum engineers.
Summary of: http://guide.symplicity.com/resources/profession_article.php?id=52
They design equipment and processes to achieve the maximum profitable recovery of oil and gas. Petroleum engineers rely heavily on computer models to simulate reservoir performance using different recovery techniques. Most petroleum engineers work where oil and gas are found. The middle 50 percent earned between $63,390 and $105,920. The lowest 10 percent earned less than $49,010, and the highest 10 percent earned more than $127,950.
Summary of: http://bls.gov/oco/ocos037.htm
The award is given to individuals age 40 and under for distinguished contributions in the realms of professional accomplishment, community service, and service to the UT Austin College of Engineering. Almgren has devoted significant effort to enhancing the quality of science and engineering education throughout his 17 years with the company. He began working there soon after earning his bachelor‰Þªs degree in electrical engineering in 1987 from UT Austin. In 1994, he also helped establish NIWeek, the company‰Þªs worldwide conference on virtual instrumentation. While at the university, Karen was involved in many extracurricular activities, including the Society of Petroleum Engineers (SPE) and Delta Gamma sorority.
Summary of: http://www.engr.utexas.edu/news/articles/20040518604/index.cfm
Saskatchewan JobFutures Saskatchewan Job Futures is the result of a unique partnership between the Federal and Provincial Governments. Whatever you do, take some time to think about your ideal job. Engineers may also be responsible for analyzing production costs, determining human resource and skill requirements and developing training programs. Other geological engineering duties include conducting theoretical and applied study of groundwater flow and contamination and developing prescriptions for site selection, treatment and construction. This program enables students to supplement their classroom work with practical work experience.
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Because only a small proportion of oil and gas in a reservoir will flow out under natural forces, petroleum engineers develop and use various enhanced recovery methods. Employers include major oil companies and hundreds of smaller, independent oil exploration, production, and service companies. Engineering consulting firms and government agencies also employ petroleum engineers. Others work as independent consultants. The middle 50 percent earned between $56,020 and $93,280.
Summary of: http://www.umsl.edu/services/govdocs/ooh20002001/228.htm
They design, develop, and test aircraft, spacecraft, and missiles and supervise the manufacture of these products. Aerospace engineers who work with aircraft are called aeronautical engineers, and those working specifically with spacecraft are astronautical engineers. They also may specialize in a particular type of aerospace product, such as commercial transports, military fighter jets, helicopters, spacecraft, or missiles and rockets. They design agricultural machinery and equipment and agricultural structures. The highest 10 percent earned more than $87,220.
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Federal, State, and local governments employ nearly one-half of all environmental scientists and geoscientists. Environmental scientists conduct research to identify and abate or eliminate sources of pollutants that affect people, wildlife, and their environments. These workers analyze and report measurements and observations of air, water, soil, and other sources and make recommendations on how best to clean and preserve the environment. Utilizing their knowledge of various scientific disciplines, they may collect, study, and report data on air, food, soil, and water. Geochemists study the nature and distribution of chemical elements in ground water and Earth materials.
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chair Khalid Aziz re Petroleum Engineering Khalid Aziz was born at his mother's parents' home in what is now Pakistan. Hearing of a natural gas discovery in Pakistan and hoping to someday help, Aziz left the job to study petroleum engineering at the University of Alberta. I value thinking of this planet as a whole - world peace, fairness, the ability of all people to make equitable use of resources. In this country, with about 5 percent of the world's population, we consume more than 25 percent of the oil being produced. We build computer models that we use to test different scenarios to find which one will lead to the most recovery.
Summary of: http://www.stanford.edu/dept/news/pr/91/911217Arc1013.html
They design equipment and processes to achieve the maximum profitable recovery of oil and gas. Petroleum engineers rely heavily on computer models to simulate reservoir performance using different recovery techniques. They also use computer models for simulations of the effects of various drilling options. The middle 50 percent earned between $60,610 and $100,210. The lowest 10 percent earned less than $48,120, and the highest 10 percent earned more than $118,630.
Summary of: http://www.umsl.edu/services/govdocs/ooh20022003/ocos037.htm