Is integrated oil companies a good career path? If you plan to work, you’ve probably started thinking about the various jobs you could go into. One such profession where there are many job openings and easy entry into the field is integrated oil. Therefore, anyone would be sensible to pursue a profession in integrated oil. For more information, keep reading.
What Do Integrated Oil Companies Do?
These companies refine crude oil to generate what people can use such as chemicals and fuels. The primary raw materials are extracted from crude oil by integrated oil firms, who then separate them in a variety of ways to create goods like gasoline, diesel fuel, jet fuel, heating oil, and others.
Integrated oil and gas companies can employ the final products, similar to crude oil and natural gas liquids (petroleum-based feedstock), to generate a range of goods, such as chemicals for the production of plastics and pharmaceuticals, as well as gasoline, diesel, and jet fuel.
What Sectors of the Economy does the Oil and Gas sector comprise?
When you think of companies participating in the integrated oil sector, you probably envision operations that take crude oil and convert it into usable chemicals and fuels. But it is just one of the many companies that make up the oil industry as a whole. This business is a lot more intricate than that.
Some companies manufacture and supply fuel for heating and power, and water for drinking. Some of the intriguing businesses in the integrated oil sector include to be those that have access to hydrogen and can use it to manufacture a variety of products.
What Types of Occupations are available in the Integrated Oil sector?
As was already mentioned, an integrated oil company extracts crude oil and separates it into several products. After that, numerous goods are delivered to merchants, wholesalers, and stores, including gasoline, diesel fuel, heating oil, and aviation fuel. The tasks you carry out as an employee at an oil refinery will change depending on the company you work for.
If you wish to work in this industry, you might want to think about the following careers:
1. Refining Engineer
The flow of crude oil is managed by the refinery’s refining engineer. They achieve this by using a number of technologies to treat and divert crude oil.
2. Production Engineer
An engineer in production is in charge of the equipment that turns crude oil into finished products.
3. Process Engineer
A process engineer is responsible for maintaining the equipment of an oil refinery that processes the crude oil feedstock.
4. Laboratory Technician
The laboratory technician analyses crude oil and refined products to ascertain their quality.
Is integrated oil companies a good career path?
Yes, integrated oil companies is a good career path. A career in the integrated oil industry is a fantastic option.
Best-Paying Jobs in the Integrated Oil Industry
High-quality petroleum products have a huge market given that integrated oil firms handle more than 4 million barrels of crude oil per day. Refinery engineers make the most money in the integrated oil industry.
Integrated oil companies pay its engineers an average salary of about $108,000 year, whereas the top 10% earn an average salary of nearly $137,000 annually.
Another well-paid employee in the field is the petroleum engineer. On average, a petroleum engineer earns little over $107,000 year. The top 10% of earners in this area, on the other hand, made an average of close to $138,000 per year.
Other lucrative jobs in the sector include:
1. Well Tester
Payment: $44,061 year on the minimum
All aspects of oil pipelines must be analyzed and evaluated by a Well tester. Prior to the utilization of the pipelines, these tests are conducted during the development phase.
This task is essential because it will make it possible to predict the overall stability and risk of the pipeline. You’ll need to use your investigative skills as a well tester to ascertain whether something important like a pipeline can be built. Therefore, it’s a terrific career for those who love solving puzzles.
2. Technical Director
Average annual salary: $65,085 on the minimum
The teams that report to the technical director are under their management and support. This group may include consultants, drilling teams, project managers, and engineers. They are essential to making sure that everything functions properly on a daily basis.
3. Sales Rep
At the very least, the yearly salary is $65,095 on average.
The requirement for skilled salespeople in the oil and gas sector is similar to that in other sectors. In actuality, this is one of the top jobs in integrated oil firms since you may make as much money as you want.
Sales agents will have the chance to raise their income through bonuses and/or sales commissions after beginning with a comparatively high base salary.
4. Accounts Manager
Standard pay: $70.628 annually on average
Account managers are in charge of making sure that all of their current clients are happy. In rare circumstances, the account manager may also be in charge of locating the greatest deals and prices for the company’s products. To thrive in this role, you must be an excellent communicator who is well-versed in business and economics.
The typical salary is $78,668 per year.
Geologists investigates the landscape to help oil and gas companies find underground gas and oil deposits.
6. Chemical Engineer
The average wage is $83,440 per year.
Chemical engineers are required by oil and gas companies to do tests and analysis to make sure the right chemicals are used when crude oil is produced from the ground. Even if you have the required credentials and degrees, finding work might be difficult. Here are some potential causes of your work difficulties as well as remedies.
Even for direct employment, the demand for chemical engineers in the oil and gas industry is remains high. Petrochemicals made from crude oil are used in industries like plastics, where chemical engineers are in great demand. So, this might be your lucky day if you’re seeking for a job that will always be there.
7. Operations Director
typical salary: $84,932 year on average
There are many choices available to oil and gas companies. To ensure effective operation, everything needs to be put together and tested. The director of operations plays just that function.
This person will be in charge of all of the organization’s key components. This includes tasks like planning a budget, bartering, promoting, and buying. It’s a really difficult job, but because it gives you a plethora of different expertise, it can open doors to other high-paying roles in integrated oil businesses.
8. Oil Hauler
Average annual compensation is $86,065.
Oil must be delivered to refineries after being collected from the soil so that it can be converted into useful commodities. Oil transporters are required in this scenario. However, due to the possibility of the goods being transported catching fire, this job necessitates a high level of professional skills.
9. Project Director
The average yearly wage is $92,500.
Project managers could be in charge of several different tasks. They are in charge of the engineering teams that handle various industrial issues. It’s a great job for someone who likes to set objectives and then work with their group to see that they are met.
Although the salary for this position is generally respectable, it has the potential to rise to the top of the industry.
10. Drilling Engineer
The typical salary is $95,548 per year.
Drilling engineers frequently prefer to get their hands dirty in the field rather than conducting trials in a laboratory. Workers are required by integrated oil companies to perform every drilling task required to produce crude oil and natural gas from the earth. In addition to performing the drills, this post might also supervise a group of drillers.
11. HSE Supervisor
The typical salary is $99,126 per year.
“Health, Safety, and Environment” is referred to as HSE. All safety programs in these three areas must be developed and managed by these people. After developing the plans, HSE managers will need to keep them up to date and use them frequently. They will also have to submit reports to outside agencies that check up on oil and gas companies.
12. Human Resources Consultant
The typical salary is $123,341 per year.
Most oil and gas companies need to have a Human Resources department. These workers will help organizations locate and retain quality employees, develop standard operating procedures, resolve issues, and evaluate individuals.
13. Pipelines Construction Manager
The typical salary is $130,087 per year.
The wells that the oil business has excavated and developed are all under the management of the pipeline construction manager. They also make sure that the company’s safety protocols are faithfully followed. Managing a pipeline construction project has the advantage of allowing you to control all the technical and financial aspects of oil and gas drilling.
Benefits of Working for an Integrated Oil Company
Working in the integrated oil business has many benefits.
Some of which includes the following:
- Flexible Hours: Working for an integrated oil firm has many benefits, one of which is the flexibility of hours. You can choose to work full- or part-time. No matter whatever option you pick, you may also decide when and how much work you want to perform.
- Career Advancement: The flourishing integrated oil sector offers several prospects for career advancement. As you gain more experience in your area, you might look for jobs that pay more or give you more work. You can even try to rise in your organization if you are willing to put in the time and effort.
- High Likelihood of Financial Success: Working for an integrated oil company increases your chances of financial success. This comes as a result of the industry’s growth and the enormous consumer base. As demand increases, so do incomes for individuals working in the integrated oil business.
- Health Insurance: Integrated Oil Company offers health insurance to a large number of its employees. The likelihood that an integrated oil corporation’s workforce has health insurance is therefore higher.
Disadvantages of a Career in the Integrated Oil Industry
The integrated oil sector has disadvantages as well.
Some of of the demerits or deficiencies includes:
- High Level of Travel: The integrated oil industry is one of the most tightly regulated in the world, so you’ll undoubtedly spend a lot of time away from home.
- Housing and Travel Costs:If you work in the integrated oil industry, you’ll likely spend a lot of time away from home. As a result, while working, you will have to stay in hotels. You might be responsible for paying your own lodging and transport expenses while working.The work needs a lot of effort because integrated oil firm employees are under a lot of pressure to succeed. It also suggests that you have several chances to progress in your company.
Character Qualifications necessary to succeed in the Integrated Oil Industry
To work for an integrated oil corporation, you need a special set of skills. Among these abilities are:
1. Leadership Skills
As an employee of an integrated oil company, you would be responsible for managing difficult projects and a variety of individuals. Therefore, if you want to manage these situations without feeling overwhelmed, you must be able to take the initiative.
2. The Ability to Analyze
If you want to flourish in an integrated oil company, you also need to be able to think strategically. This calls for having a global viewpoint and comprehension of how the many parts of the business interact.
3. Financial Knowledge
To run a huge organization like an integrated oil industry, you must be financially knowledgeable. In order to make informed business decisions, you must be able to comprehend complex financial concepts and foresee financial implications.
You must be ready to adjust to the industry’s ongoing evolution if you wish to flourish in an integrated oil organization.
5. understanding of technology
Technology proficiency is also essential. You need to know how to manage projects, get wells to produce, and conduct oil and gas drilling.
6. Communication Skill
One of the most important skills that employees need to develop to succeed in the tech-driven world we live in is communication. Anyone who wants to be a successful account manager in the oil and gas industry, or in any industry, should think about taking classes to improve their communication skills.
is integrated oil companies a good career path? For anyone, a career in the integrated oil industry is a fantastic option. But in order to succeed, one must be committed and passionate about the field.