How Many Jobs Are Available In Oil & Gas Production?

How Many Jobs Are Available In Oil & Gas Production?

For those with an interest in geology, engineering, logistics, and many other specialties, jobs in the oil and gas business may be intriguing. People who wish to work in the oil and gas industry have a variety of career options, and there are several ways to get the degree or training you need for your desired position. How Many Jobs Are Available In Oil & Gas Production? To choose a career path that suits your interests, abilities, and aspirations, you must first be aware of the employment options in the oil and gas business.

How Many Jobs Are Available In Oil & Gas Production
How Many Jobs Are Available In Oil & Gas Production

What Is The Oil And Gas Industry?

The companies that find, collect, and transport unrefined energy sources like crude oil and natural gas before repurposing and distributing them as useful fuels are referred to as the oil and gas sector. Transportation, power, and manufacturing are just a few of the industries that are impacted by oil and gas goods and processes. People who specialize in the locations where firms discover fuel resources or the science, machinery, and procedures they employ to extract and refine them may be drawn to careers in the oil and gas sector. The three principal subsectors of the oil and gas sector are:

Upstream Companies:

These companies are responsible for finding and removing natural gas and crude oil.

Midstream Companies:

These are the companies in charge of organizing the storage and transportation of materials to refineries.

Downstream Companies:

Businesses in the downstream sector are in charge of processing oil and gas refinery and marketing.

How Many Jobs Are Available In Oil And Gas Production?

It’s useful to look at how involved the process is for finding, extracting, transporting, refining, and selling oil and gas products in order to comprehend how many jobs are available in oil and gas production. Each of these procedures calls on junior, middle, and senior-level personnel to execute potentially dangerous and technically complex procedures. According to Statistics Energy.ca from Statistics Canada’s monthly labor force survey, employment in the oil and gas sector became by 1.58% between February 2023 and March 2023. This shows an upward fluctuation in employment in this generally stable business, albeit being a temporary and gradual transition.

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In-Demand Jobs In Oil And Gas:

Here are a few in-demand jobs you might want to think about pursuing in the upstream, midstream, and downstream sectors of the oil and gas industry:

Drilling Contractor:

National average salary: $60,667 per year

Primary duties: Contractors that operate drilling machinery to extract crude oil and natural gas are known as drilling contractors and work in the upstream sector of the oil and gas industry. In addition to running their drill rigs and safety equipment, they also maintain and transport it. Contractors for drilling make sure that these procedures adhere to local and national laws. 11,400 new positions for drill contractors are anticipated to be created between 2022 and 2031, according to Canada Job Bank.

Process Operator:

National average salary: $67,235 per year

Primary duties: Process operators, also known as chemical operators, play a crucial role in the downstream procedures involved in the refining of raw materials. From a control center, they run refinery machinery to transform raw energy sources like oil or natural gas into useable gasoline. To ensure effective refining without exorbitant delays, these machinery operators continuously examine and modify their equipment. According to Canada Job Bank, 20,700 new positions for process or chemical operators are anticipated to open up between 2022 and 2031.

Truck Driver:

National average salary: $77,311 per year

Primary duties: Truck drivers have a variety of roles depending on the business, but in the midstream stages of the oil and gas industry they are crucial to the transfer of resources and products. Truck drivers transfer refined petroleum for distribution or transport massive amounts of crude oil and natural gas to refineries using specialized tankers. According to Canada Job Bank, there will be 161,700 new truck driver positions created between 2022 and 2031.

Geologist:

National average salary: $89,462 per year

Primary duties: For upstream exploration activities to successfully locate prospective subsurface reserves of crude oil, geologists are essential. They examine mineral and rock formations to identify high-potential locations for oil and gas discovery and aid drillers in overcoming geological challenges to reach resources. Oil and gas geologists employ a variety of technologies, including seismic surveys, LiDar, or light detection and ranging systems, to find gas and oil. According to Canada Job Bank, 10,100 new geologist positions are most expected to be created between 2022 and 2031.

Petroleum Engineer:

National average salary: $101,756 per year

Primary duties: Oil and gas are extracted from subsurface deposits both onshore and offshore using high-tech methods that petroleum engineers build. They use engineering concepts to run, maintain, and make sure their specialized equipment is operating as efficiently as possible. These engineers can also focus on drilling, completion procedures, the production of resource wells, and reservoir extraction. Compared to Columbia, Newfoundland and Labrador, Ontario, and Saskatchewan, Canada Job Bank rates the employment outlook for petroleum engineers over the next three years as favorable in Alberta, Newfoundland and Labrador, Ontario, and Saskatchewan.

Pipeline Engineer:

National average salary: $110,474 per year

Primary duties: Long-distance oil and gas pipelines are designed and coordinated by pipeline engineers. In order to prevent pipeline bursts and bottlenecks, they also oversee pipeline construction and maintenance. The engineer is in charge of resolving problems and supervising repairs if problems occur while building a pipeline. Advanced understanding of fluid dynamics and physics is necessary for pipeline engineers. According to Careers in Energy, the pipeline engineering profession is steady in the present labor market.

Petroleum Supply Specialist:

National average salary: $118,174 per year

Primary duties: These downstream experts make sure that military organizations always have access to refined petroleum. A post like this is crucial for maintaining petroleum supplies or generators, vehicles, and equipment, and may be found in the army, air force, or navy. Petroleum supply professionals could coordinate routes to set up a supply chain for both domestic and international activities. According to Salary Expert.com, this position’s projected growth over the next five years is 17%.

Hydraulic Engineer:

National average salary: $60,000 – $300,000 per year

Primary duties: The fracking revolution made the United States the greatest energy exporter in the world. Companies use fracking to recover oil by injecting water at a very high pressure deep down. A hydraulic engineer is essential to ensuring that the water is at the proper pressure and traveling in the right direction throughout this delicate procedure. Together with drilling engineers, a hydropower engineer makes sure everything goes as planned.

Supply Chain Management:

National average salary: $70,000 – $120,000 per year

Primary duties: These experts manage the purchase and delivery of supplies and machinery required for the extraction of oil and gas. They could be in charge of contract negotiations, logistical planning, and supplier procurement.

Drilling And Well Services:

National average salary: $40,000 – $100,000 per year

Primary duties: These experts operate drilling rigs to remove oil and gas from the earth. They could be in charge of managing the drilling procedure, building up drilling rig structures, and operating and maintaining drilling equipment.

Reservoir Engineering:

National average salary: $40,000 – $100,000 per year

Primary duties: These engineers create and carry out strategies to increase reservoir oil and gas output. They could also work on creating new technologies to increase the effectiveness of production.

Land Management:

National average salary: $80,000 – $150,000 per year

Primary duties: Professionals in land management manage the purchase, development, and disposition of land and mineral rights for the extraction of oil and gas. They could also be in charge of negotiating contracts and leases with landowners.

Health, Safety, And Environmental Management:

National average salary: $70,000 – $120,000 per year

Primary duties: To protect the security of employees and the environment throughout the production of oil and gas, health, safety, and environmental managers create and put into practice policies and procedures. They could also be in charge of performing risk analyses and adhering to pertinent legislation.

Operations Management:

National average salary: $70,000 – $120,000 per year

Primary duties: These experts keep a watch on the day-to-day activities of the facilities that produce oil and gas. They could be in charge of handling finances, putting in place procedures to boost productivity, and making sure that production goals are fulfilled.

Financial Controller:

National average salary: $80,000 – $425,000 per year

Primary duties: Being huge, oil firms require management of their finances and assets. This is a fantastic choice for someone with a degree in finance or accounting but doesn’t want to work in the financial sector. A financial controller needs to comprehend not just the ins and outs of how businesses’ finances function, but also ideas like the danger of exchange rates on various currencies. Oil is located all over the world, thus it is essential to grasp how international banking and currencies operate.

Human Resources Manager:

National average salary: $60,000 – $150,000 per year

Primary duties: No, there are positions in oil and gas production that are not simply in the sciences and economics; soft skills are also required. A trained HR manager who can select the best employees to ensure that the business runs effectively is a precious asset. For individuals seeking to work as an HR manager in the oil and gas production industry, interpersonal skills and administrative aptitude are essential.

How Many Jobs Are Available In Oil & Gas Production
How Many Jobs Are Available In Oil & Gas Production

Considerations And Advantages For Jobs In Oil And Gas:

While there are many factors that may make a job in the oil and gas business appealing to you and lead to a fulfilling career, there are also a number of things to keep in mind while making your career decision. The following are some of the most significant factors and benefits of working in the oil and gas industry:

Considerations:

Before choosing this career, there are some considerations:

  • Working with substances like crude oil, natural gas, and refined fuels can be risky, therefore it’s important to follow safety protocols.
  • Having an academic degree in your field of choice may be a prerequisite for careers as an engineer or geologist, and having a university degree demonstrates advanced expertise in your field that you can use to the position.
  • A high degree of experience, often spanning several years, might be a requirement for tasks which call for sophisticated technical abilities.
  • Even while the market for oil and gas jobs is stable, advances in the market aim to replace fossil fuels with renewable energy sources, which reduces the number of jobs in this sector.
  • This business must abide by, whether it is due to the risks that oil and gas provide to individuals who work in the sector or to the environment several federal and local restrictions.

Advantages:

Aside from the considerations for working in oil and gas, there are also many advantages. Here are some:

  • Given its size, the oil and gas sector will continue to offer solid employment prospects.
  • Opportunities for vertical growth to progressively senior roles abound in oil and gas careers.
  • Due to the oil and gas industry’s global reach, there are numerous employment prospects all around the world.
  • Some oil and gas occupations have great earning potential due to their sophisticated scientific or technological character.
  • Careers in oil and gas provide the chance to participate in an established worldwide commerce if contributing to the world economy is a fulfilling goal.

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