If you intend to work, you’ve probably already begun considering the many occupations you could hold. Integrated oil is one of such professions where employment opportunities are plentiful and entry into the industry is simple. A career in integrated oil is therefore a wise choice for anyone. Continue to read to know more.
What Do Integrated Oil Companies Do?
These businesses refine crude oil to produce chemicals and fuels that people can use. Integrated oil companies obtain the essential raw elements from crude oil and separate them in various ways to produce products such as gasoline, diesel fuel, jet fuel, heating oil, and others.
The finished products, like crude oil and natural gas liquids (petroleum-based feedstock), can also be used by integrated oil and gas firms to produce a variety of goods, including chemicals for plastics manufacturing and pharmaceuticals, as well as gasoline, diesel, and jet fuel.
What Sectors of the Economy does the Oil and Gas sector comprise?
You likely picture businesses that take crude oil and transform it into usable chemicals and fuels when you think of those involved in the integrated oil industry. However, that is merely one of the numerous businesses in the oil sector as a whole. This industry is far more complicated than that.
Some businesses produce and provide water for drinking, fuel for heating, and power. Some of the most intriguing businesses in the integrated oil industry are those that have hydrogen, and numerous things can be made from hydrogen.
What Types of Occupations are available in the Integrated Oil sector?
An integrated oil firm extracts crude oil and divides it into several products, as has already been stated. Following that, various products, such as gasoline, diesel fuel, heating oil, and aviation fuel, are transported to retailers, wholesalers, and stores. As an employee at an oil refinery, the duties you perform will vary depending on the organisation you work for.
Here are a few careers you might want to consider if you want to work in this industry:
- Refining Engineer
The refinery’s refining engineer is in charge of controlling the flow of crude oil. They accomplish this by processing and diverting crude oil using a variety of technologies.
- Production Engineer
A production engineer controls the machinery that transforms crude oil into finished goods.
- Process Engineer
An oil refinery’s machinery that processes crude oil feedstock is maintained by a process engineer.
- Laboratory Technician
The laboratory technician performs tests on refined goods and crude oil to determine their quality.
Best-Paying Jobs in the Integrated Oil Industry
There is a sizable market for high-quality petroleum products since integrated oil companies handle more than 4 million barrels of crude oil per day. In the integrated oil business, a refinery engineer earns the highest salary.
Although engineers in integrated oil companies make an average of roughly $108,000 per year, the top 10% make an average of about $137,000 per year.
The petroleum engineer is also another well-paid personnel in the industry. A petroleum engineer makes just about $107,000 per year on average. On the other side, the top 10% of earners in this field earned an average of almost $138,000 annually. Other well-paying positions in the industry include:
1. Well Tester
Typical pay: $44,061 per year on the minimum
A well tester is responsible for analysing and evaluating all aspects of oil pipelines. These tests are carried out during the development stage, prior to the use of the pipelines.
This task is crucial since it will enable forecasting of the pipeline’s overall stability and associated risk. As a well tester, you’ll have to utilise sleuthing abilities to determine whether something as significant as a pipeline is feasible. As a result, it’s a fantastic career for those who enjoy figuring things out.
2. Technical Director
Typical wage: $65,085 per year on the minimum
The technical director is responsible for managing and assisting the teams that report to them. Project managers, engineers, drilling teams, and consultants may all fall under this category. They play a crucial role in ensuring that everything runs well on an operational level.
3. Sales Rep
The average annual pay is $65,095 at the minimum.
The oil and gas industry is no different from other industries in that it needs effective salespeople. In reality, because you can earn as much money as you like, this is one of the top professions in integrated oil corporations.
Starting with a reasonably high base wage, sales representatives will then have the opportunity to increase their income through bonuses and/or sales commissions.
4. Accounts Manager
Typical pay: $70.628 per year on the average
Account managers are responsible for ensuring the satisfaction of all of their current customers. Finding the best offers and costs for the company’s products may also be the account manager’s responsibility in some cases. You must be a good communicator and have a thorough understanding of economics and business in order to succeed in this position.
Typical pay: $78,668 per year on the average.
Geologists examine the terrain to assist oil and gas corporations in discovering subsurface gas and oil resources.
6. Chemical Engineer
Typical wage: $83,440 per year on the average.
Oil and gas firms need chemical engineers to conduct tests and analyses to ensure the proper chemicals are utilised when crude oil is extracted from the ground. Finding work can be challenging, even if you have the necessary qualifications and degrees. Here are some potential reasons why you could have trouble finding employment, along with solutions.
Chemical engineers are still in high demand in the oil and gas sector, and not just for direct positions. Chemical engineers are in high demand in industries like plastics, which utilise petrochemicals derived from crude oil. So, if you’re looking for a job that will always exist, this might be it.
7. Operations Director
Typical pay: $84,932 per year on the average
Oil and gas firms have a wide range of options. Everything needs to be put together and tested to make sure it functions properly. That is exactly what the director of operations’ role is.
All of the crucial elements of the company will be under this person’s management. This covers activities including budgeting, haggling, marketing, and purchasing. Although it’s a very challenging profession, it can open doors to other high-paying positions in integrated oil firms because it provides you with a wealth of diverse experience.
8. Oil Hauler
Typical pay: $86,065 per year on the average.
After being extracted from the earth, oil needs to be transported to refineries where it is transformed into useful commodities. This is where oil haulers are needed. However, this job requires a lot of professional qualifications since the materials to be transported could catch fire.
9. Project Director
Typical wage: $92,500 per year on average.
Project managers may be responsible for a variety of duties. They are in charge of the teams of engineers that deal with different industrial problems. It’s an excellent position for someone who enjoys setting goals and then working with their team to see that they are achieved.
On average, this position pays decently, but it has the potential to become the highest-paying position in the sector.
10. Drilling Engineer
Typical pay: $95,548 per year on the average.
Drilling engineers often enjoy getting their hands dirty in the field as opposed to conducting experiments in a lab. Integrated oil firms need workers to do all drilling tasks necessary to extract crude oil and natural gas from the ground. This position could also involve supervising a team of drillers, testing the drills in addition to running them.
11. HSE Supervisor
Typical pay: $99,126 per year on the average.
HSE stands for “Health, Safety, and Environment”. It is the responsibility of these managers to create and manage all safety programmes in these three areas. After creating the plans, HSE supervisors will need to maintain them current and refer to them frequently. Additionally, they will be required to report to outside organisations that audit oil and gas corporations.
12. Human Resources Consultant
Typical pay: $123,341 per year on the average.
The majority of oil and gas corporations require a Human Resources division. These workers will assist businesses with personnel evaluation, creating standard operating procedures, resolving conflicts, and finding and keeping good employees.
13. Pipelines Construction Manager
Typical pay: $130,087 per year on average.
The pipeline construction manager is in charge of all the wells that the oil company has dug and established. Additionally, they ensure that the company’s safety procedures are being correctly followed. The benefit of managing a pipeline building project is that you also oversee all the technical and financial facets of oil and gas drilling.
Benefits of Working for an Integrated Oil Company
There are several advantages of working in the integrated oil industry. Some of them are listed below:
- Flexible Hours
The ability to work various hours is one of the key draws of employment with an integrated oil company. You have the option of working full- or part-time. You can also choose when and how much work you wish to do, irrespective of the choice you select.
- Career Advancement
Because integrated oil is a thriving industry, there are several opportunities to advance your career. You might hunt for employment that pay more or provide you more work as you gain more experience in your field. If you are ready to put in the time and effort, you can even try to advance in your organisation.
- High Likelihood of Financial Success
If you work for an integrated oil firm, you have a good probability of financial success. This is due to the fact that the industry is expanding, with a sizable consumer base. The salaries of those who operate in the integrated oil industry rise together with the level of demand.
- Health Insurance
Many employees at Integrated Oil Company are covered by employer-provided health insurance. Because of this, it is more probable that employees of integrated oil corporations have health insurance.
Disadvantages of a Career in the Integrated Oil Industry
Working in the integrated oil industry also has its drawbacks. Some of the demerits include:
- High Travel Requirements
You’ll probably spend a lot of time away from home because the integrated oil business is one of the most strictly regulated across the globe.
- Travel and Housing Expenses
If you work in the integrated oil business, you’ll probably be away from home a lot. You will consequently have to stay in hotels while working. While working, you may be responsible for covering your own travel and housing costs.
Employees of integrated oil firms are under a lot of pressure to succeed, therefore, the job requires a lot of effort. However, it also implies that you have several opportunities to advance in your organisation.
Character Qualifications necessary to succeed in the Integrated Oil Industry
You require a unique combination of talents to work for an integrated oil firm. Some of these skills include:
- Leadership Skills
You would have to manage challenging projects and diverse types of people as an employee of an integrated oil firm. Therefore, you must be able to take charge if you want to navigate these circumstances without being overwhelmed.
- A Mind for Analysis
You also need to be able to think strategically if you want to succeed in an integrated oil company. This entails having a broad perspective and understanding how the company’s various components work together.
- Financial Knowledge
You must be financially literate in order to manage a large organisation like an integrated oil firm. This means that you should be able to comprehend intricate financial ideas as well as predict future financial outcomes to make wise business judgments.
If you want to succeed in an integrated oil firm, you must be prepared to adapt to the industry, which is constantly evolving.
- Knowledge of Technology
The ability to use technology is also crucial. You must understand how to handle projects, get wells to produce, and drill for oil and gas.
Communication is one of the most crucial skills that employees must master to succeed in the tech-driven world we live. Anyone who wants to succeed as an account manager in the oil and gas sector—or in any sector, for that matter—should consider enrolling in classes to develop their communication abilities.
Working in the integrated oil industry is an excellent choice for anyone. However, it is a field that requires dedication and passion to be successful.