Let us now consider the issue, “Is oilfield services/equipment a suitable career path?” It is a long-pending question that merits our attention. Oilfield services and equipment may be a rewarding profession, but it is not for everyone. However, if you have the stamina to deal with the monotony of the job and are willing to travel often, you may choose to seek a career in the business.
That isn’t to say that employment in oilfield services and equipment doesn’t have its own set of benefits and chances. Indeed, careers in the business are among the most lucrative available.
So, in this piece, we will shed more light on the oilfield services and equipment market to assist you to make an educated choice about pursuing a career in this profession. We will provide a solution to the topic, “Is oilfield services/equipment a suitable career path?”
What Are Oilfield Services?
Oilfield services is a wide term for organizations that supply the technologies and skills needed to extract oil. Oilfield service companies engage workers to operate equipment, inspect it for wear and tear, fix anything that breaks down or stops operating, and keep things going smoothly in general.
Over the last several decades, oilfield technology has advanced by leaps and bounds. Labor for jobs like digging or drilling holes, measuring land elevations on wide expanses of land, and creating roads is no longer necessary. Most of the employees who would do these duties are now working on-site using oilfield equipment.
Workers capable of operating large equipment, such as big trucks, tractors, and a variety of attachments, are required by oilfield service providers. This personnel must be able to read drawings and blueprints to plan how to effectively utilize current equipment or, if necessary, manufacture their own.
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10 Best Paying Jobs In Oilfield Industry:
Gas Plant Operators earn an average of $72,000 per year, with just a half-year of study and the requisite safety tickets needed. These operators deal with the equipment needed for the process of turning raw natural gas into user-friendly forms.
Drill Operators are in charge of running the drills that extract oil from the earth. They normally earn $98,000 per year on average.
Well-testers often go from location to location assessing production levels and equipment. While no formal education is needed, excellent skills in Excel and other computer programs are essential. Testers generally earn an annual salary of $102,000.
Chemical engineers often conduct research, develop procedures, and fabricate equipment. They must have a bachelor’s degree and earn an average of $104,000 each year.
In the oil and gas business, geologists may earn an average of $110,000 per year. They research the Earth’s physical characteristics to find potential drilling places and situations. These occupations need a bachelor’s degree.
Petroleum engineers seek to improve the efficiency and effectiveness of oil and gas well output. They may earn an average of $111,000 per year, not including rewards.
Rig managers supervise the on-site workers and the job is done. Post-secondary degrees are not necessary, since these roles are often filled by persons who began on the work crew and worked their way up. They may earn up to $126,000 each year on average.
This job typically requires a bachelor’s degree in engineering. Hydraulic fracturing maintenance and setup are handled by completion drillers. On average, they may earn up to $150,000 each year.
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They often receive an annual salary of $180,000. The Foreman’s responsibilities include managing day-to-day operations, budgeting, safety, and coordinating contractors.
This role requires someone who is a specialist in all aspects of drilling. It often takes a Bachelor’s Degree in Engineering or higher, as well as extensive travel to multiple places. Drilling consultants may make up to $230,000 per year on average!
Qualifications Required For Work In This Industry?
There are many opportunities in the oilfield business. Oil refineries, petroleum production, pipeline building, and a variety of other specialized vocations have created a market for workers with a wide range of talents, ranging from engineering to drilling to distribution. Here are some of the credentials needed to work in this industry:
High School Diploma:
A high school diploma is not necessary for many jobs in the oil and gas industry. If you want to improve in your job, earning your GED may be an excellent option. It will help you further your studies and provide you with a competitive advantage when applying for managerial roles or training programs.
Certified or Non-Certified Operator Certification:
If you wish to work on drilling rigs or other equipment, you must have operator certification if you want to be recruited by a local drilling company. This certification may be obtained in one of two methods. Either attend a training program or apply for and get accepted into an apprenticeship program.
How Much Money Can You Make in An Oilfield Career?
Companies are becoming increasingly conscious of the need of obtaining oilfield specialists willing to labor for less than market value daily. Many organizations would want to recruit a seasoned oilfield worker, but the cost is too expensive for many new hires. You can assess how much you will earn as an oilfield professional if you are seeking new chances.
Salary In The Oilfield:
Salaries in the Oilfield are determined by the number of hours worked and the experience level. Experienced employees could earn between $45,000 and $100,000 per year, which is considerably more than the average yearly income in many oilfield labor pools.
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It is worth mentioning that most oil field occupations have a significant amount of responsibility, such as cleaning up after the work day or avoiding accidents by assuring the safety of the company’s assets. These activities are required to keep the property secure, but they may be time-consuming and exhausting for less experienced staff.
Salary Trends In The Oil Industry:
It is hard to estimate your earnings as an oilfield worker. Although the oil business is quickly developing, wages have remained flat or even decreased in certain circumstances. With just a few significant oil corporations churning out vast funds, maintaining high pay rates in this business is complex.
There are several reasons why the oilfield sector may not recognize your earnings. For example, if you work overtime, the firm may not consider your additional money to be a salary. Instead, these additional hours are often used as vacation time.
Why Choose A Career In The Oilfield Industry?
There are several positive aspects of the sector that you should be aware of. Even though the job is frequently complex and repetitive, several benefits make choosing a career path there quite satisfying. Let’s have a look at some of them:
Many individuals choose a job in oilfield services and equipment because of the money. Jobs are very fulfilling and financially rewarding; you may earn up to $100,000 per year and get extra pay if you work long hours. When you spend most of your time on the sea – in the middle of nowhere – there are fewer expenses to worry about.
Variety Of Job Opportunities:
If you are terrified of occupations that need you to sit for lengthy periods in front of a computer, the Oilfield may be for you. Every day is different for industrial employees.
There are many career opportunities accessible in the business, ranging from assisting in the setup of drilling equipment to putting up oilfield wellheads and carrying fracking equipment. If you want variety, you will find enough of it in the oilfield and equipment business.
While there are various career paths to select from in oilfield services and equipment, each one offers you distinct prospects for advancement. There are constantly new skills to master, new programs, and courses to attend, all to help you advance in your job.
It goes without saying. However, working in the oilfield services and equipment sector will allow you to explore the globe while earning a living. Most employment jobs in the business need frequent travel.
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Enough Time Off Work:
Although working in the business may demand you to spend several hours away from home, most organizations will provide you with enough flexibility. For example, if you work for the offshore oil business, you may be able to take half of the year off.
Oilfield services and equipment may not be suitable for everyone. It could be the ideal fit if you’re looking for a complex and fascinating career with lots of room for advancement. We hope this article has given you a better knowledge of oilfield services/equipment and what it takes to thrive in this business.
Frequently Asked Questions (FAQs):
What Kind Of Specialists Are Necessary For An Oil Field?
An oil field requires a wide range of specialists, from workers like oil drillers and engineers to crude oil extractors. The oil field industry organizes into three segments, which are as follows:
How Big Is The Oilfield Services Market?
In general, the oilfield services industry includes enterprises that produce, repair, and maintain equipment used in the extraction and transportation of oil. By 2025, the global oilfield services market is predicted to grow from $138.9 billion to $171.7 billion at a CAGR of 3.6 percent.
What Are The Many Kinds Of Oilfield Services?
Oilfield service companies are primarily associated with services like seismic testing, drilling rig transportation, and drilling rig direction for horizontal rigs, along with good building and drilling operations.