| On August 26 2008, CNN Money reported
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| | graduates received starting salaries of
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| that oil drillers are scrambling for
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| | $80,000 to $110,000, not including
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| workers. Too many years of
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| | various perks and signing bonuses. This
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| under-investment in oil rigs and workers
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| | demand is in no danger of peaking anytime
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| alike, coupled with the surge in oil
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| | soon. Oil companies are hiring petroleum
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| prices over the last few years has led to
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| | engineering freshman students as summer
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| a major shortage of experienced workers
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| | interns, paying as much as $32.50 an
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| in oil fields at all levels. Noble
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| | hour. Texas Tech reports its 2008
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| Corporation, one of the world's largest
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| | graduating seniors will receive an
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| offshore drilling companies, has 1500 rig
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| | average salary of $110,000.
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| job openings in the next 2 years for
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| | Geologists, too, are in great demand. The
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| their 5 new oil rigs. Every oil company
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| | American Geologic Institute reports that
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| is deploying new oil rigs everywhere from
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| | the average starting salary for a
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| the Gulf of Mexico and the deep water off
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| | geologist fresh out of school is $81,300,
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| Brazil to the coasts of Africa and Saudi
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| | up from $55,000 in 2003. At their April
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| Arabia to meet today's increased demand
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| | meeting, the American Association of
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| for oil.
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| | Petroleum Geologists reported that
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| Filling the jobs in these offshore oil
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| | graduate students (Masters and PhD) were
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| fields is proving to be a major
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| | receiving salaries of $80,000 to
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| challenge. Despite sky-high salaries in
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| | $110,000. The good news for job seekers
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| the range of $50,000 to $80,000 even for
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| | is that the demand for geologists for is
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| new hires, there are not many takers for
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| | unlikely to be filled anytime soon. The
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| these offshore jobs. There are several
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| | American Geological Institute reports
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| reasons for this reluctance:
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| | that out of 20,000 geology
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| - Not many people are willing to live in
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| | undergraduates, only 2,800 attain their
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| the middle of the ocean on an oil rig
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| | BSc after 4 years of study. In addition,
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| - Extremes of temperature, either
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| | many of today's oil industry geologists
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| extremely cold (most deep ocean oil rigs)
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| | started work in the 1970s, and will be
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| or extremely hot (Africa), and sometimes
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| | retiring in the next few years. Taken
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| both (the deserts of Saudi Arabia)
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| | together, these facts mean that more and
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| - The demanding work schedule - 12 hours
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| | more geology vacancies are going to open
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| on, 12 hours off, 7 days a week for 2-4
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| | up in oil companies in the coming decade,
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| weeks straight
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| | with salaries likely to increase further.
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| - Political volatility and armed
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| | It seems that, even today, taking up a
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| violence, for example rebels and
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| | Bachelor's Degree in Geology or Geologic
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| insurgents in Nigeria and other African
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| | Engineering is well worth it. Beefing
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| nations, potential terrorists in Saudi
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| | this up with a Master's in Sedimentology,
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| Arabia
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| | Stratigraphy, Structural Geology or
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| - Physical danger from storms like the
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| | Geophysics will almost certainly net you
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| recent Gustav and Hurricane Katrina in
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| | an extra $20,000 or $30,000.
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| 2005
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| | With increasing demand for oil from China
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| - Dangerous accidents like the 1988 Piper
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| | and India, as well as continuing demand
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| Alpha drilling rig in the North Sea - 167
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| | from the US and Europe to drive the
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| of the 226 men on board died when the oil
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| | search for more oil, the job vacancies in
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| rig caught fire
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| | oil fields and offshore drilling rigs
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| Predictably, the highest salaries drawn
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| | will remain unfilled for some time to
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| in oil companies are the executives with
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| | come. This is definitely the hot job of
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| titles starting with "C", like CEO, CFO,
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| | the next two decades.
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| etc. Then you have the VPs and top
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| | Are you looking for jobs in oil field?
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| salesmen. But what about jobs and
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| | Click here to learn how can help you to
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| salaries for new hires? Well, in
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| February, The Wall Street Journal
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| | field.
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| reported that new petroleum engineering
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| |
|
