Petroleum Engineering demand
Thanks to the surge of oil explorations, petroleum engineering has been highly in demand in the oil&gas industry. With little supply of petroleum engineers, oil companies pay them enormous amounts of money. A friend of ours working as a Training Specialist in a petroleum company mentioned to us that if he was younger he would go back to college and study the course of Petroleum Engineering but he was already in his forties with a family and his current position also has good pay.
So what keeps the supply of petroleum engineers low a midst great demand for them?
Only few institutions provide the course with accreditation. They produce only around a hundred graduates per year. Also, most of the graduates are those who are really interested in the field. A few of them only took the course because of the high pay. This could make them end up miserable with their work in the field because they could be expecting a glamorous job when it is the total opposite. Petroleum engineers work around 12-18 hours in the field which is also away from their home. Before deciding to pursue the career think again if you are really interested in it and if being away from your family and long hours of work is okay with you. For clarification, you only get to work like this in the duration of your contract. If your contract states that you work 2 weeks then you will have 2 weeks of vacation, then that is how it is going to go.
The Salary in Petroleum Engineering
Graduates earn around $90,000 - $100,000 yearly after a three-month probation period. According to the U.S. Bureau of Labor and Statistics, petroleum engineers earn an average of $138,000 annually. This field offers one of the highest salary rate. Most petroleum engineering students find employment before graduation while other students are immediately employable upon graduation. Oil companies across the globe need petroleum engineers due to its inadequate supply. The rising demand for fuel triggers a salary raise for petroleum engineers as a proportion. Petroleum engineers are the most traveled professionals across the globe.
Petroleum Engineering education
Petroleum engineers must have a four-year bachelor's degree in engineering. the courses cover topics include geology, chemistry, physics, calculus, differential equations, computer applications, natural gas engineering and well construction. State licensing of petroleum engineers vary from state to state but state boards require your school to be accredited by the American Board for Engineering and technology.