In the oil and gas industry, technical tasks usually attract higher salaries than their non-technical counterparts. Here are 15 best paying jobs in integrated oil companies.
When you are building your career or are selecting the right department for your studies, it’s easy to get overwhelmed by all the information available.
You know you want to enter the oil and gas industry but how will you make this goal economically efficient? You strive for the best-paying jobs in integrated oil companies, right?
Here are all the jobs you can get to build a lucrative career.
What is An Integrated Oil Company?
The oil and gas industry is huge. It is operated in several sectors and sub-sectors. The operations are divided into upstream, midstream, and downstream categories.
The first one of these categories focuses on the exploration and development of oil and gas reserves. Once these stores of fossil fuels are uncovered and developed for drilling, the next category – midstream – enters the scenario.
Midstream oil and gas businesses drill the fuel and refine it. Then, the third category takes control of where this fuel is sold to the consumers and users of the oil. The downstream category includes the selling and distribution of this fuel.
We can see that from exploration to consumption, oil and gas products have to go through many phases. Every step requires heavy machinery and lots of investment. Because of this high barrier to entry, not many companies get involved in every step of this process.
Instead, some businesses build their operations in exploration and research while others indulge in refining or selling.
Only a few companies cover the whole process and integrate upstream, midstream, and downstream oil operations. These companies that get involved in all the stages of oil development and distribution are called integrated oil companies. Some
Some major names in this industry include Saudi Aramco, Shell, ExxonMobil, and Chevron.
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Benefits of Working in Integrated Oil Companies
If you are studying for a career in the oil and gas industry, integrated oil companies will make a great choice to further your career.
You will find that this sector has higher wages than many other industries. With experience and skills, you can climb to a six-figure income in your career in oil companies.
Another reason that makes a career in one of these companies lucrative is career growth and scope. Because these companies are big and include numerous operations, you can serve in different roles based on your degree.
So, as a health and safety manager, you can work with exploration teams and drilling engineers. At the same time, the area of distribution and sales is also open to you.
Requirements for Working in Oil Industry
The best thing about integrated oil companies is their general nature. They include a wide array of operations so their human resource needs are also broad. You don’t have to specialize in exploration operations to start your career at an integrated oil company.
At the same time, you can transfer from any of the best-paying jobs in natural gas distribution without having to take up extensive induction training because of the experience gap.
Most degrees have multiple roles within these companies and the strategic management of these companies rotates the employees within departments as part of their career advancement goals.
Most of the tasks at these companies are technical and engineering related. If you are eyeing those jobs, getting a bachelor’s or master’s degree in those areas should be the first step.
But don’t assume that your learning will end after joining the company. In fact, a career in oil and gas prompts you to make learning an integral part of your lifestyle.
Best-Paying Jobs in Integrated Oil Companies
If you are up for a life-long learning experience and are keen to build your expertise to earn premium income, here are the best-paying jobs in integrated oil companies for you to explore.
1- Petroleum Geologist
The exploration part of the oil industry depends heavily on the services of petroleum geologists. These geologists – because of their knowledge about petroleum products and the soil structures where these products are abundant – help with finding hidden reservoirs. They do so by searching surface and subsurface information points to detect the presence of fossil fuels.
They also recommend the best drilling methods that can be employed for new fields and wells. You can become a geologist to assist in oil exploration projects by studying geosciences at the bachelor’s and master’s levels.
The typical annual salary for petroleum geologists is $70,000.
2- Well Tester
Well testing is an essential process that is conducted before drilling operations begin. At this step, a well tester determines the nature and characteristics of hydrocarbons as well as the properties of the reservoir that contain those chemicals.
This test tells the authorities about the number of petroleum products present as well as the risks associated with the drilling process. Because of the risks involved in the development of a well, this test is a must step for oil companies.
These testers earn an average salary of $45,000 annually.
3- Gas Plant Operator
It’s apparent from the name this job relates to handling gas reservoirs. A gas plant operator typically works in the downstream sector of the oil industry. Simply, they have to ensure the safe and quality distribution of gas to the consumers.
The operator has to check the pressure of the gas being distributed. They manipulate the equipment to select the pressure according to the requirements of said consumer. These operators also have to supply gas to industrial clients.
The job of the gas plant operator is the least technical of all the tasks carried out in the oil and gas industry. You can become an operator with a high school diploma and relevant induction training.These operators earn an average salary of $44,000 a year.
4- Sales Representative
These executives serve the industry at the midstream and downstream levels. Within an integrated oil company, they will collaborate with refineries and resellers of petroleum products. They also often handle sales of these products to end consumers within the household and business sectors.
In addition to the minimum requirement of a bachelor’s degree in sales and marketing, these executives must build their knowledge about petroleum products to succeed.
They earn an average annual salary of $65,000. Just like any other career in sales and marketing, their income is tied to their performance.
5- Account Manager
Account managers are responsible to maintain relationships with key clients. They have to understand the individual needs of these clients and coordinate with the refineries and quality control departments to meet these needs.
They are also tasked with negotiating upcoming deals with these clients.
As you can imagine, this role doesn’t require much technical education. But it pays if you understand the products and the needs these products respond to.
Also, these managers must have a thorough understanding of the industry. The career success of these managers depends on their communication skills.
These managers earn an average salary of $70,000 annually.
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6- Vessel Manager
These managers are responsible for drilling and operations of offshore reserves of petroleum. They ensure that the facility complies with standards for environmental safety, meets safety standards, and remains up-to-date and well-maintained.
Their job description also includes training of the crew and projects of maintenance and improvement of these facilities.
It is also counted as one of the best-paying jobs in marine transportation. You need a bachelor’s degree in nautical science to become a vessel engineer. With this job, you can earn an average salary of $72,000 annually.
7- HR Advisor
The oil and gas industry is one of the most lucrative industries from the employees’ perspective. The reason behind the top dollar it pays to its employees is the specialized nature of the skills they bring to the table.
To recruit and maintain compatible talent, HR advisors have greater input in the management of integrated oil companies than they have in other industries.
HR advisors are responsible for hunting the right talent, recruiting staff, keeping them up-to-date with the current technical and business environment, and retaining them.
Their intense roles demand higher salaries for them in the oil industry just as this job is one of the best paying jobs in consumer non-durables.
They earn an average annual income of $123,000.
8- Crude Oil Driver
They are tasked with the transportation of petroleum products from refineries to resale outlets or consumers. Integrated oil industries use tractor-trailers to transport their goods. An ideal candidate for a crude oil driving position has learned to drive these vehicles.
These drivers earn an average annual salary of $50,000 in the US.
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9- Project Manager
Integrated oil companies have multiple projects running simultaneously at any time during the year. Some of these projects focus on exploration. Others deal with the development of the well.
Setting up and running refineries is another project that is a regular occurrence within the industry. There are a multitude of projects in the downstream area of this industry as well.
Project managers coordinate with all the parties: engineers, researchers, technical directors, and clients to accomplish the project goal.
On average, they earn an annual salary of $80,000.
10- HSE Manager
HSE managers may not be one of the best-paying jobs in basic industries but it pays well in the oil and gas industry.
The health, safety, and environmental areas of integrated oil companies remain under strict public scrutiny because of the environmental risk this industry bears. Because of this concern, HSE managers remain in demand for these companies.
They are responsible for devising policies to uphold standards of safety and sustainability. Plus, they are tasked with ensuring these policies are implemented by the relevant executives. Their annual income lies in the range of $88,000 and $117,000.
11- Pipeline Construction Manager
Construction management makes one of the best-paying jobs in the capital goods industry as well as in the oil and gas industry. These managers are responsible to look after the installation of pipelines and drilling of the wells.
These managers budget these constructions and later manage the asset according to the safety and quality standards of the company.
Coordination is the key role of these managers. In addition to having technical and asset management knowledge, these managers must have insight into the operations of these wells and pipelines.
Experience is the most important parameter for this job. These managers earn between $125,000 and $170,000 annually.
12- Reservoir Engineer
These engineers base their work on their geology knowledge. They are tasked with finding subsurface reserves of petroleum for the company. Once a fossil fuel reserve is determined, they also estimate its production capacity and life.
To become a reservoir engineer, you must have a degree in petroleum engineering. These engineers earn between $100,000 and $200,000 annually with an average salary of $130,000.
13- Chemical Engineer
These engineers help with the drilling and refining of petroleum products. They advise the proper chemicals that should be used at each level of drilling for different hydrocarbons.
They are also in charge of maintaining the right raw material used for refining. And before the use of these materials, they perform tests to ensure the right composition to be used.
Their annual income fluctuates with their experience and their location of work. The earned figure ranges between $70,000 and $100,000.
14- Drilling Engineer
The drilling engineers oversee the drilling operations. They take the drilling project from start to completion by offering the design, working on the feasibility tests, and supervising the drilling operations.
They require an engineering degree and relevant certificate to work in this role. On average they are paid $75,000 per year.
15- Oil Hauler
Essentially, oil haulers are drivers who transport the drilled oil from the reservoir to the refineries. But these drivers need more skills than just driving a truck.
Instead, they must have the knowledge and expertise to deal with a combustible material like crude oil.
You will have to move long distances to carry out the job. So, if you like to be on the road, this may be the right job that requires minimal technical knowledge.
They earn an average annual income of $88,000.
These are the fifteen best-paying jobs in integrated oil companies. These jobs cover all aspects of the operations within this industry.
Note that the best pay goes to those roles which are involved in the exploration and testing of the reservoirs. Also, technical staff earns way more than non-technical staff.
The career path for technical jobs within this industry requires a bachelor’s degree in a related engineering field. You can also advance your learning to a master’s or PhD level. But note that the best-paying jobs in integrated oil companies are achieved by those with experience.