When searching for a career profession, you will see many employment opportunities in almost all fields. When it comes to integrated oil Companies, there are many high-paying jobs available. The oil company collaborates with a diverse workforce from various sectors, such as engineers, marketers, finance, economics, and many other qualified individuals.
Due to the risk involved in the oil sector, it is one of the most lucrative fields with multiple benefits and career opportunities.
An integrated oil company’s role is finding and searching for the initial reservoir of oil and gas to provide petroleum into your vehicle and deliver gas for local usability. They operate at the larger level, from exploring and drilling new sources of hydrocarbons, manufacturing petroleum chemicals, refining, and transporting to conducting retail sales.
What are Integrated Oil Companies?
The Integrated Oil Company is a business organization that operates the entire oil value chain system from exploration, production, refinement, and distribution of oil products. Integrated oil companies are responsible for every aspect of the petroleum process. They identify the oil deposits, pull them out from the ground surface, refine it, shape it and then sell them. The Integrated oil companies operate at three different levels.
- Upstream Operations
- Mainstream Operations
- Downstream Operations
These activities include exploration, extraction, drilling, transmission, and storage of oil commodities. These upstream stages of the production process are conducted by companies that involve exploring and extracting oil and natural gas from the ground.
The mainstream activities involve transmitting or safely moving these produced oil and gas via pipelines and tankers to the refineries for further processing. Mainstream operations also involve:
- Treating the products.
- Removing water and waste.
- Compressing them.
- Getting them ready for market downstream.
The downstream phase is refining, fractionation, marketing, and distributing petrochemical products.
The downstream operations involve all the processes used to convert oil and gasses into finished products. It includes refining crude oil into gasoline, diesel, natural gas liquids, and other energy sources.
|OIL AND GAS OPERATIONS|
|Stage 1Upstream operations||Stage 2Mainstream operations||Stage 3Downstream Operations|
|Upstream operations involve exploring and searching for oil and gas deposits and bringing them to the surface by drilling wells||The mainstream process includes the transportation and distribution of produced oil and gas to refineries through pipelines or any other transporting channels||The downstream process involves converting all the transported crude oil into finished products or by-products and distributing them to final users.|
Is Integrated Oil Companies a Good Career Path?
The oil and gas industry is one of the most prominent industries in the world market. With its rich history traced back to the early 1990s, it is a huge, fully funded, and profitable sector for investors.
The oil and gas industry is the most rewarding sector, with various career opportunities for today’s workers. It is a good place to make a living, work with your hands and leave a good impact. Because oil and gas are `essential commodities, it is a higher-paid industry in terms of revenue.
This oil sector provides you with potential benefits, both personally and professionally. The continuous and rapid development of the oil industry show sign of it as an emerging industry.
Whether you are willing to get a higher degree or not, you will be paid a good amount once you enter this firm. You need to keep an eye on the latest emerging trends.
The tech-enabled, purpose-driven, and human-powered organization makes this industry an attractive career choice.
Best Oil and Gas Companies to Work for in 2022
|BP||Devon Energy||Enable Midstream Partners LP||Delek US Holdings|
|ExxonMobil||Kinder Morgan||Valero Energy|
|Royal Dutch Shell||Seacor Holdings Inc.|
|Teekay Shipping Corp.|
|Western Gas Partners LP|
The Oil and Gas Industry Outlook
The oil and gas industry has recently faced major instability due to the major hit of the Covid-19 pandemic. The industry has experienced rapid transformation as global leaders and regulars push the initiative of reducing carbon emissions.
Despite these changes, the oil and gas sector remains the center of the energy mix. The global energy demand is increasing exponentially with an increasing population.
According to a Statista report, the demand for crude oil worldwide will be 99.4 million barrels per day in 2022 and is projected to increase by 104.1 million barrels per day by 2026.
According to a research study, many oil and gas companies are looking forward to re-invent themselves. They are pursuing initiatives such as implementing capital discipline, committing to climate change, focusing on financial health, and transforming business models.
The Top Best Paying Jobs in Integrated Oil Companies.
Knowing the best-paying jobs in the Integrated Oil Company will help you decide which job role is suitable for you in the long run.
The oil industry is a lucrative company that offers various job opportunities with varying compensation packages, diverse skills backgrounds, and multiple job roles. From entry-level operators to design engineers, it has vast career paths.
Here is the list of the best-paying roles in Integrated Oil Companies, along with their primary duties and salary information.
- Petroleum Engineer
- Mechanical Engineer
- Petroleum Geologist
- Chemical Engineer
- Technical Director
- Project manager
- Health, safety, and Environment Manager (HSE manager)
- Account Manager
- Lease Operator
- Well-drilling engineer
- Design Engineer
- Distribution manager
- Mud logger
- Oil hauler
- Pipeline production manager
- Human resource advisor
- Safety director
- Marketing Coordinator
- Commercial analyst
- Mining engineer
- Hydrographic surveyor
- Finance Manager
1. Petroleum Engineer
Average Salary: $ 90, 000
These individuals are responsible for digging out the oil from the ground using optimized extraction methods. They keep track of new technological trends and strategies so that they can be implemented during extraction.
They work on-site to ensure every task is properly conducted and identify tools and equipment needed for the process. They communicate with the construction team and production manager to develop strategies that result in minimum losses. Some are mandated to look after the field equipment to ensure they are accurate and properly utilized.
The role of the petroleum engineer is in high demand. It requires problem-solving and critical thinking skills, but someone with expertise in these areas can earn a good amount.
2. Mechanical Engineer
Average Salary: $ 79, 000
Mechanical engineers specialize in the creation, design, and maintenance of machinery. They oversee the assembly of the oil drill, evaluate the operational effectiveness, and make recommendations about extraction procedures and the amount of oil needed. Once the drilling process is concluded, they supervise the deconstruction of the equipment and make sure there is no residual waste. They strive to create a more reliable, efficient, and safest experience throughout the process.
3. Petroleum Geologist
Average Salary: $ 86, 000
Petroleum geologists are earth scientist that supervises all aspect of oil discovery and production. They look at the structural aspect of the stratum to recognize any oil traps and leads. They survey the land and identify measures for oil extraction.
They are a team of professionals responsible for identifying the possible locations of the oil and gas deposits by studying mineral samples, rock formation, and site analysis and coming up with efficient strategies and required equipment to carry out the extraction processes.
4. Chemical Engineer
Average Salary $ 88, 440
They are specialized individuals responsible for evaluating that the right chemicals are used in taking out crude oil from the earth. They conduct chemical tests to measure the effectiveness of each compound.
They also ensure appropriate storage and safe transmission while converting raw material into gasoline and fuel.
This role is the right fit for those who enjoy working in the labs and are willing to conduct experiments.
They conduct meetings with other scientists and engineers in the field to keep the safety standards unified.
Most chemical engineering work is done inside the lab; therefore, this role is effective for those who would love to experiment with different chemical reactions.
5. Technical Director
Average Salary: $ 65, 085
The technical director is the technical point of contact for the team, directs them, and facilitates technology transfer during the project. He guides the subject matter and recruits other individuals for better project handling.
6. Project Manager
Average Salary: $ 88, 378
The project manager must lead the project from the start till its completion. He is in charge of various work tasks, including coordinating with multiple teams working on the project, communicating with vendors to acquire materials, ensuring quality control during the project execution, and keeping an eye on all regulatory requirements.
7. Health, Safety, And Environment Manager (HSE Manager)
Average Salary: $ 79. 753
The role of the HSE manager demands effective implementation and designing of safety programs around these three specific areas.
They strive to protect the welfare and safety of the workforce and ensure that all the surrounding communities abide by all the environmental and safety regulations.
Besides this strategic planning, they constantly update and review the safety standards and report them to the external organization that audits oil and gas companies. In case of a haphazard or emergency, they coordinate with external bodies such as emergency services or local bodies.
This role is great for people who enjoy working under strict guidelines and prefer law-abiding organizational structures.
8. Account Manager
Average Salary: $ 91, 000
The account manager’s role is to review accounts, prepare financial reports, recommend plans, create sales plans, and focus on the financial record keeping of the oil company.
If you are pursuing an account manager role, your tasks will include working and preparing budgets and tracking financial transactions, taxes, and market prices. Also, you will be doing all the financial calculations for the company.
This job position requires managing the account of different countries where subordinates and employers are operating. Depending on the company’s size, an account manager handles all the bookkeeping activities.
9. Lease Operators
Average Salary: $ 78, 000
The duty of the lease operator is to keep a check on the safe transportation of oil and gas after they are extracted from the drilling site.
Also, the lease operator fulfills his duty of inspecting heavy equipment and vehicles. He sees if all the equipment is well-maintained and in good working condition. He is more like a quality control person who closely monitor each tool used in the extraction process.
To excel in the role of a lease operator, the person must have command of hydraulic fracturing technologies. He must be capable of using computer devices and know all troubleshooting tips to fix the fault.
10. Well Drilling Engineer
Average Salary: $ 25, 000
Well-drilling engineers are expert professionals that engage in the extraction of oil and gas from beneath the earth’s surface. You will find them mostly on the field, getting their hands filled with mud.
They are also responsible for designing and implementing procedures regarding the drilling process and managing the safe and efficient drilling of wells to extract oil and gas.
With increased responsibility and experience, a well-drilling engineer could earn between $25 000 to $45,000.
To be an effective well-drilling engineer, you must possess great communication skills to coordinate with other team members and employees. Because your main task is working around oil rigs in remote locations, you need problem-solving skills to operate the function.
11. Design Engineer
Average Salary: $ 77, 002
Design engineers fulfill a range of responsibilities. From the initial oil extraction to final mass distribution, they take part in every aspect of the process.
Their work requires the involvement of other sectors, such as finance, sales personnel, management, and other department members, to develop and produce oil commodities.
12. Distribution Manager
Average Salary: $ 68, 826
This role demands managing the entire flow of products in the supply chain. He ensures that the company product reaches the final destination safely, efficiently, and timely.
He monitors competitors’ prices, manages inventory, and reflects sales trends while minimizing costs, forecasting future demands, and negotiating contracts with vendors.
13. Mud Loggers
Average Salary: $ 69, 411
Mud loggers are tasked with collecting data during the drilling operations. They use various equipment and tools to derive data about the rock, fluid, and sediment beneath the earth’s surface. Geoscientists then use this information to determine these resource statuses.
This complex task requires calculations, so anyone with a passion for physics can opt for this career position.
14. Oil Hauler
Average Salary: $ 86, 065
An oil hauler is a heavy truck driver that operates a large tractor-trailer responsible for the safer delivery of oil products to customers or gas stations. His duties include:
- Loading the tank at the fuel terminal.
- Transporting fuel oil by road.
- Operating oil tankers.
- Undertaking vehicle maintenance.
15. Pipeline Production Manager
Average Salary: $ 70, 586
The pipeline production manager is a company representative who deals with all regulatory and environmental issues. His job responsibilities include handling all the operational processes of crude oil and ensuring their safe and efficient distribution through the pipeline system.
He also provides input on strategic decisions that affect his functional area of responsibility.
16. Human Resource Advisor
Average Salary: $ 64, 566
This position of human resource advisor is mandated to recruit employees and design effective programs for retaining them. They manage a dispute, encourages teamwork, and evaluate their work performance.
17. Safety director
Average salary: $92,198
These professionals are responsible for managing, directing, and implementing health policies and safety procedures for oil workers. They are mandated to perform tasks such as performing safety audits, conducting safety training sessions, and taking measures to prevent accidents.
18. Marketing Coordinator
Average Salary: $ 76, 375
The marketing coordinator oversees marketing and supply operations. They must work closely with the client services to ensure a smooth supply chain. They also have to prepare reports on the sale and supply of products.
19. Commercial Analyst
Average Salary: $ 59, 081
The commercial analyst develops a business plan for development and ensures that all the developmental activities align with the new regulations. They facilitate meetings to prepare agendas to market their products across the world.
20. Mining Engineer
Average Salary: $ 54, 218
A mining engineer ensures the efficient development of mines and other surface and underground operations. They are involved in every stage of the mining project.
Before a new site is developed, they assess its viability, oversee mining production processes, and are involved in the final closure and rehabilitation process.
21. Hydrographic Surveyor
Average Salary: $ 49, 397
Hydrographic surveyors usually work onboard survey ships and platforms for measuring and mapping underwater surfaces and studying seabed morphology.
They also conduct studies that facilitate marine research into ocean currents and the impact of climate change and industrialization on the marine environment.
22. Finance Manager
Average Salary: $ 59, 197
A finance manager handles all the company’s financial assets and ensures there are enough resources and money to carry out the oil operations. Also, they keep a check on the investments made by other people for the company so that they cannot violate any law or regulations.
Are you interested to know the best-paying jobs in integrated oil companies? The integrated Oil Company is a lucrative market that offers several career benefits. This sector has a diverse portfolio of jobs, from accounts manager, technician, and sales representative to petroleum geologist and mechanical engineer.
You can choose a career option that suits you well based on your skills and expertise. With the right knowledge and skill set, you can earn a good income and enjoy unlimited benefits.
This article provides knowledge about the best-paying jobs in integrated oil companies and their complete details, responsibilities, and salary information. You can select one of these roles that best qualify as a good career path.