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Petroleum Engineer

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AVG. SALARY

$144,160

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EDUCATION

Bachelor's degree

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JOB OUTLOOK

Increasing

What They Do

Petroleum Engineers Career Video

Insider Info

Exploitation engineers figure out new ways to "exploit," or put to productive use, an existing oil patch or gas field.

Exploitation is a term that can have a negative meaning, especially in these environmentally conscious times. But "exploitation" doesn't mean acting in an irresponsible manner.

"It's a controversial term, especially these days, in the last few years," says exploitation engineer Jeanne Phene. "I don't think it's politically correct."

It might not be politically correct, but the job title does capture the essence of the work. Just don't think 'exploitation' means not caring about the environment.

"It's a common term in our industry [but] it certainly doesn't mean 'spill everything on the ground and run away,'" says Phene. "[Acting] in an environmentally responsible manner is always part of the duties of that person," Phene adds. "And there are other people in the organization that take care of those details, but there's no expectation that it would ever be done in a socially irresponsible way at all."

An exploitation engineer is a petroleum engineer who wears many hats.

Petroleum engineers generally fall into one of four categories: reservoir engineer, production engineer, drilling engineer or facilities engineer.

An exploitation engineer's job combines the skills of a reservoir engineer, who determines how much oil is in the ground; a production engineer, who figures out the best way to get the oil out of the ground; and a business economist, who decides whether it's worth the investment.

"They used to be called production engineers or reservoir engineers, and when staff started to get a little bit shorter they started to combine them into what they called an exploitation engineer," says Phene. "[That way] they could have a production- and a reservoir-combined engineer looking after a particular property.

"They would be doing everything from making sure the wells were optimized, which means the pumps that you see going up and down in fields sometimes are working efficiently, and also perhaps, if there aren't enough wells in the field or if there are too many wells in the field from a reservoir engineering perspective, [that] you get it out in a reasonable timeframe."

Exploitation engineers examine an oil patch that is no longer considered productive or one that is considered too expensive to develop, and try to determine whether money can be made from that patch by using different drilling techniques, approaches or technology. In other words, their job is simply to find a way to profitably extract every last drop of oil out of an oilfield.

"We're drilling and operating in more hostile environments," says Jerome Schubert. He's a drilling engineer and a professor of petroleum engineering. "We've got to develop the technology for that. We need to develop technology to get more of the oil and gas out of the reservoir that's originally in place."

Employers are often smaller, independent oil exploration, production and service companies that lack the resources to keep specialists in each field on staff. The exploitation engineer applies general engineering principles and finalizes everything with respect to business economics.

When exploitation engineers work for larger companies, their role tends to focus more on the business aspects. The path to this career isn't always a straight or rigidly defined one. Chances are you'll need a few years of experience in the industry before you acquire the wide range of skills and knowledge necessary to quickly assess the potential value of a particular oilfield.

"If you were going to be an exploitation engineer you've probably got a little bit of experience, working as a reservoir engineer or as a production engineer, and then being able to put the two together," says Schubert.

Demand for exploitation engineers depends on oil prices. This is true for all types of petroleum engineers.

There are lots of opportunities "as long as the prices are good," says Tayfun Babadagli. He's a professor of petroleum engineering.

"It's very volatile," he adds. "That is the risky part of this profession. I remember... in the '80s, all of the petroleum engineers, they were out of jobs. The oil price was like nine or eight dollars a barrel... So that's the risky part."

At the moment, oil prices are high. So job opportunities abound.

"All around the world these days, the job market is so good because of oil prices and activity in the hydrocarbon business," says Babadagli.

"We have almost 100 percent placement, and our enrolment has skyrocketed," says Schubert. "There's a whole bunch of people that will be retiring in the next five, 10, 15 years and there was a whole kind of lag in hiring a few years back. We've been calling it 'The Great Crew Change' for a number of years now. So there's a big demand for young engineers."

Just the Facts

Want a quick overview of what this career is about?Check out Just the Facts for simple lists of characteristics.

At a Glance

Design ways to get more use out of existing energy sources

  • There isn't much fieldwork
  • Employment outlook is dependent on oil prices
  • Business skills are important

Contact

  • Email Support

  • 1-800-GO-TO-XAP (1-800-468-6927)
    From outside the U.S., please call +1 (424) 750-3900

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