As an engineer you need to be a part of the team as the company deputes you for a trip. 10 years ago, Petroleum engineers made a lot of money. A petroleum engineering degree is really not a smart move when a mechanical or chemical engineering degree will get you the exact same jobs. They also determine how to retrieve these reserves in the safest manner and at the lowest cost. Petroleum Engineering requires a good knowledge of many other related disciplines, such as Geology, Petrophysics, Geophysics, and Petroleum Geology. Although some might view the travel as an exciting adventure, others might see it as a significant negative. Chemistry, geology, statistics, calculus and physics are just some of the courses required by most universities offering the degree. From that on you keep studying subjects like mathematics, geology, thermodynamics, chemistry, fluid dynamics and many more. It provides a good overview of the major drivers of the oil and gas industry. HELP. Petroleum engineers must have a bachelor’s degree in engineering, preferably petroleum engineering. If a student wants to pursue a major in petroleum engineering with the goal of earning the most money, he or she should be prepared to spend at least part of his or her career overseas, on off-shore drilling rigs or in remote locations without many creature comforts. Petroleum Engineering Degree. Unfortunately, neither you nor I will be alive for you to pay me. You may work as the part of a drilling rig which constitutes of a big team. One significant factor is the price of crude oil, because high prices mean that governments and corporations are more actively pursuing production, including some marginal reserves previously deemed unprofitable. How to Become a Petroleum Engineer. With a degree in petroleum engineering, students learn to design equipment for the extraction and use of oil and gas while considering many economic and environmental factors. Petroleum engineers can make a lot of money (over $100,000 a year) and I think the primary motive for studying petroleum engineering for a lot of these students is to make a lot of money. I've only been working in the oil and gas industry for about six months, so my answer might not provide much insight industry wise. Most of the petroleum engineers are hired before the completion of their studies, 8. Petroleum engineers generally work in offices or at drilling and well sites. There is good job security for petroleum engineering major graduates. Another 140,000 engineering jobs overall are expected to be added, with most of the current careers in a similar place to where they are now. The results are in, McDougall School of Petroleum Engineering at the University of Tulsa tops the list of the world's best universities for Oil, Gas, and Petroleum engineering, according to the results of the 2017 CEOWORLD magazine university rankings. The demand for petroleum engineers depends on the demand for the products they deliver. Facing new challenges every day the field is becoming interesting day by day for the pursuers. Graduates in the field can earn between $90,000 and $100,000 after the completion of their probation period which varies from companies to companies. However, some industries offer better pay and benefit packages than others. The industry has highest salary rates. As alternative forms of energy are developed, the demand for hydrocarbon production may decline, resulting in fewer opportunities and less upward mobility for those with a petroleum engineering major. I wish success in your career. Improvements in computer modeling, materials and the application of statistics, probability analysis have drastically improved the toolbox of the petroleum engineer in recent decades. There are many other works in the field which you can choose as a career option as long as you are in the field. This proves the growing demand of the specialized engineers in the field. Travel is frequently required to visit these sites or to meet with other engineers, oilfield workers, and customers. The most abundant employment opportunities for petroleum engineering majors are in technology companies and professional companies. The vision of petroleum engineering is to keep women in their companies. 5. Petroleum engineers generally work in offices or at drilling and well sites. Even if we stopped drilling tomorrow (which we won't), there we still be a demand for petroleum engineers to develop fields. Another negative can be the difficulty involved with obtaining the degree. There is no field where there is no use of petroleum products and hence it makes a necessity to recruit the engineers in the field. The field is considered as one interdisciplinary subject. You get to study great range of subjects while you continue with your studies, 4. Is Petroleum Engineering a good major to get into now?? The modern view of petroleum engineering (deep water oil, unconventional oil, office-side engineering) is working to keep women in this engineering field but some conservatives companies prefers keep the traditional male engineer. If you are good at science and math but aren't sure what you want to do with your life, engineering is a safe starting major. Technology changes very fast in this field which is a good way to learn things, Automotive Engineer Salary and Future – Benefits and Challenges, Top 10 Best Petroleum Engineering Schools and Colleges in Asia in 2015, Aeronautical Engineering Schools in the US, best undergraduate engineering schools in the US, top environmental engineering schools in the US, top mechanical engineering schools in the US. As per the reports of US bureau of labor statistics the requirements in the petroleum engineering field is going to grow by 17 percent in the upcoming decade between 2010 and 2020. This fact can be better assumed from the evidence that most of the world class petroleum companies are now involved in extracting petroleum from the sea and oceans. Facing new challenges every day the field is becoming interesting day by day for the pursuers. You have a range of career options in the petroleum industry, 5. In its profile of petroleum engineering, the BLS says it expects the number of employed petroleum engineers to grow by 10 percent by 2024, from its level in 2014. I think is better to have your first degree in another engineering specialty before an Msc in Pet Eng even if you want to work as a Pet Eng. Petroleum still "hot" but on the verge of a … Every time a new technology is developed to spot and extract petroleum products beneath the ground. My background is Chemical Eng first degree and an Msc in Pet Eng. It's a Good Major If You Don't Know What You Want to Do . Apart from that very few students are interested in going in to the field. Even if the oil reserve in the world finishes, still 40 to 50 percent of the oil remains. As a petroleum engineer, you might move to field, district, area, staff, and chief petroleum engineering positions. Justinncase 13 replies 7 threads New Member. If you love travelling across the world, there is no other job that you would love to be doing. Petroleum engineering students obviously benefit from this long tradition of excellence in engineering and proximity to a major center of geological activity. Petroleum engineering is the most successful college major for many reasons. This increase is indicative of the growing demand of the engineers in the near future. I'm a Petroleum Engr working in the Industry. The poll, based on 2009 U.S. Census data, found that people with only a bachelor's degree earned a median annual salary of $120,000 -- the highest of any collegiate major. Dollars (USD) annually, with the best-paid 25 percent earning at least $158,580 USD per year. According to the Bureau of Labor Statistics, petroleum engineers command the highest salaries of all engineers. Most of the companies go on oil exploration sprees all across the world. The high demanding energy needs in the world has made the field full of challenges. This requires a number of skills that an engineer has to perform. Right now things are good for American oil, we can outcompete everyone. Travel is frequently required to visit these sites or to meet with other engineers, oilfield workers, and customers. You face less competition as a petroleum engineer, 3. This is not to say that the only jobs offered to those with a petroleum engineering major are in a foreign country or the middle of nowhere. The sole job of the engineers is to spot and produce hydrocarbons from the ground. One significant factor is the price of crude oil, because high prices mean that governments and corporations are more actively pursuing production, including some marginal reserves previously deemed unprofitable. The pay scale is a definite advantage; the fact that many jobs require travel to remote locations can be viewed as either a pro or a con, depending on how the individual views the opportunity. It's easier to switch from a rigorous college major to an easier one, plus many of the courses required for engineering are transferable to other disciplines. The demand for petroleum engineers depends on the demand for the products they deliver. A certified petroleum engineer is well equipped with the skills and knowledge of everything pertaining to extracted mineral oil and gas from the earth’s core. 2014 Best Petroleum Engineering Schools and Colleges in the USA has a list of petroleum engineering schools in the US that are known to have great job placements. The job in the field has good future worldwide, 9. Petroleum engineers apply scientific principles to locating reserves of crude oil and natural gas. By studying all these subjects, you get the complete understanding of how oil and gases get produced. Predicting the future is a fool’s errand. In addition to the traditional areas of drilling, production, and reservoir science, students are also trained in reserves estimation, predicting future production levels, and evaluating petroleum formations. The Universiti Teknologi Petronas is one of the best in Asia and is being considered by many as a premier petroleum engineering school. I would be willing to wager my entire mid-7-figure net worth that petroleum engineers will still be in strong, global demand 100 years from now. Petroleum engineering majors need to take both science and engineering courses. Pet Eng is a bit narrow and with an Msc you can cover all you need to know in one year and the rest comes with exp. Less completion also increases your chance of getting a good job in the field as soon as or before you complete your studies. The petroleum engineering major at Texas A&M Kingsville is not ranked on College Factual’s Best Colleges and Universities for Petroleum Engineering. You can go for research in the field as various universities are engaged in the research work, 10. Seismic engineers can earn around $55,000 or more each … As a result, the career lifespan for someone studying petroleum engineering today is probably not as long as it was 20 years ago. 5. Petroleum engineers must have a bachelor’s degree in engineering, preferably petroleum engineering. Petroleum engineers are paid lucrative salaries, 6. First of all, I think it's wonderful you've found a degree combining all the things you enjoy. Petroleum engineers thoroughly study geologic and engineering data in order to design drilling and production operations that maximize production rates and reservoir recovery. sezer66 | Getty Images According to PayScale, workers with this degree earn around $94,000 at the beginning of their careers, … http://career-advice.careerone.com.au/job-hunting-strategy/employment-news/future-for-petroleum-engineers/article.aspx, http://www.petroleumengineer.at/petroleum-engineer/future-students.html, http://www.seaes.manchester.ac.uk/study/undergraduate/undergraduate-courses/petroleumengineeringbeng/whystudypetroleumengineering/, http://talk.collegeconfidential.com/engineering-majors/1563400-is-petroleum-engineering-a-good-major-to-get-into-now-help.html, http://eduspiral.com/2013/10/08/top-5-reasons-to-study-petroleum-engineering-in-malaysia/, 1.