Oil and gas engineers work in several areas of petroleum exploration and extraction. Oil and Gas companies offered high salaries. According to the Bureau of Labor Statistics (BLS, www.bls.gov), the median annual salary earned by petroleum engineers was $132,320 in May 2013. The employment of such engineers is expected to grow by 26% between 2012 and 2022, per the BLS.

Oil and gas engineers often work on offshore drilling platforms and in oil fields and reserves around the world. Some of the duties of an oil and gas engineer include:

Obtaining necessary licenses and permits

Ensuring compliance with laws and regulations

Determining the most productive locations

Taking responsibility for safety and efficiency

Ensuring well maintenance

Interpreting results

Ensuring efficient well flow

Informing clients of progress

Following are the average salary of engineer in oil and gas industry, According to Payscale and Ehow analysist.

Drilling Engineers

According to Payscale, drilling Engineers receive generous compensation in the United States earning an average of $110K per year, their standard salaries shoot well into the six-figure range. In the world of Drilling Engineers, overall cash allowance can occasionally include more than $25K from bonuses and, in some exceptional cases, $15K from profit sharing, causing incomes to vary widely between $74K and $159K. Experience level is the biggest factor affecting pay for this group, followed by geography. Nearly all report receiving medical coverage from their employers and most collect dental insurance. Most workers in this position report high levels of job satisfaction. The figures in this rundown are based on the results of PayScale's salary questionnaire.

Reservoir Engineer Salary

According to Payscales, the average pay for a Reservoir Engineer in the United States is considerable, rounding six figures at $122K per year. New workers enjoy hefty six-figure paychecks when they take on this position — $108K per year is the median for people who claim less than five years' experience. Reservoir Engineers bring in $177K after working for 10 to 20 years. Reservoir Engineers who have acquired more than 20 years of relevant experience earn significantly more than folks with fewer years on their resumes; the average income in this veteran group is $245K. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.

Petroleum Engineer Salary

According to Payscales, the Average pay for Petroleum Engineers in the United States is more than reasonable, with annual salaries pushing past the six-figure mark ($107K). Overall cash earnings for Petroleum Engineers stretch from $66K on the lower end to $192K near the top, and the heftiest packages can encompass around $35K from bonuses and $28K from profit sharing. The most influential factor affecting pay for this group is career duration, though the company and geography have a (lesser) impact as well. Almost all enjoy medical while a large number get dental coverage. Vision coverage is also available to the larger part. The majority of workers are highly satisfied with their job. The information for this snapshot was generated by responses to the PayScale salary survey.

Chemical Engineer Salary

According to Payscale, a chemical Engineers in the United States can expect wages of $72K annually on average. Total cash compensation to Chemical Engineers varies from $51K to $121K; higher pay grades include potential for bonuses and profit sharing as high as $15K each. The most important factor affecting compensation for this group is the specific employer, followed by tenure and geography. Generally, women make up less than a third of all Chemical Engineers who answered the questionnnaire. Job satisfaction for Chemical Engineers is high. Nearly all enjoy medical while most get dental coverage. Vision coverage is also available to more than half. Figures cited in this summary are based on replies to PayScale's salary questionnaire.

Mud Engineer Salaries

According to Ehow, Most sources put the yearly income for mud engineers in the six figures. The Inside Jobs website, citing data from the U.S. Department of Labor, reports that the annual salary range for mud engineers is $86,000 to $159,000 at the time of publication. A 2012 article on the CNN Money website notes that mud engineers make average salaries of $108,032 per year. The Ace Mud School website says experienced mud engineers can earn more than $800 daily.

Mechanical Engineer Salary

A Mechanical Engineer earns an average salary of $64,853 per year. Most people move on to other jobs if they have more than 20 years' experience in this career. Experience has a moderate effect on income for this job. According to Payscale.

Photo courtesy: BP indonesia

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