Petroleum Engineers assist in locating oil and gas for the country's energy requirements. Petroleum Engineers create and develop processes for removing oil and gas from reserves beneath the surface of the earth. Moreover, they also develop fresh techniques for drawing gas and oil from old wells. The average salary of a Petroleum Engineer in India is INR 4.30 LPA. The sections below will discuss in detail the various factors that determine the salary of a Petroleum Engineer.
To become a Petroleum Engineer, aspiring candidates must pursue undergraduate and postgraduate degrees in Petroleum Engineering such as BTech Petroleum Engineering and Mtech Petroleum Engineering. Candidates can also choose to pursue a Diploma degree as well in order to become a Petroleum Engineer. Admissions to these courses are usually done on the basis of Engineering Entrance Exams such as JEE Advanced, JEE Main, GATE and BITSAT.
Table of Content
Petroleum Engineer Salary in India
As discussed, the average salary of a Petroleum Engineer is INR 4.10 LPA and the monthly salary of a Petroleum Engineer ranges from INR 31,941 - INR 33,226. The highest salary of a Petroleum Engineer is INR 20.40 LPA while the starting salary of a Petroleum Engineer with less than 3 years of experience in India is INR 4.40 LPA.
Some of the top recruiters that hire fresher and more experienced Petroleum Engineers in India are ONGC, Bharat Petroleum, Indian Oil Corporation and Weatherford.
Petroleum Engineer Salary: Experience Wise
Candidates who have prior experience in the field are paid comparatively more than their peers who are freshers. The experience-wise salary of a Petroleum Engineer is tabulated below for your reference.
| Years of Experience | Average Annual Salary (INR) |
|---|---|
| 0 - 5 years | 5.45 L |
| 6 - 10 years | 9.80 L |
| 11 - 15 years | 12.43 L |
| 16 - 20 years | 17 L |
| 20 years and above | 22.60 L |
Petroleum Engineer Salary: Designation Wise
The salary structure of a Petroleum Engineer varies across the positions and designations that they work for. Lower designations specifically the fresher positions usually fall under a less salary bracket as compared to experience and senior designations.
Tabulated below is the average salary of a Petroleum Engineer across various designations.
| Designations | Average Annual Salary (INR) |
|---|---|
| Project Engineer | 4.30 L |
| Process Engineer | 4.30 L |
| Production Engineer | 5.10 L |
| Service Engineer | 5.33 L |
| Site Engineer | 6 L |
Petroleum Engineer Salary: Skill Wise
To become an experienced, skilled and professional Petroleum Engineer, one must inculcate certain skills related to the profession. Degrees might provide theoretical knowledge about the subject but an on the job experience and updated skills would eventually add on as pro points that would help a Petroleum Engineer outgrow their expertise.
Tabulated below is the skill-wise salary of a Petroleum Engineer.
| Skill Sets | Average Annual Salary (INR) |
|---|---|
| Onshore | 4.50 L |
| Petrochemical | 5.11 L |
| Production | 7.83 L |
| Gas | 9.80 L |
| Refinery | 9.80 L |
| Drilling | 10.90 L |
Petroleum Engineer Salary: Company Wise
India is home to several companies who hire fresher as well as experienced Petroleum Engineers. Tabulated below are the top companies along with their average salary package for your reference.
| Name of the Companies | Average Annual Salaries (INR) |
|---|---|
| ONGC | 8.60 L |
| Bharat Petroleum | 11.66 L |
| Indian Oil Corporation | 8.60 L |
| Cairn Energy | 7.13 L |
| Weatherford | 10 L |
Petroleum Engineer Salary: City Wise
The salary of an Petroleum Engineer is also dependant on the city or the place that one is residing in. Petroleum Engineers residing in top metro cities are paid comparatively more than Petroleum Engineers who residing along the suburbs. The cost of living and daily expenditure are the parameters that are judged while deciding the salary of an Petroleum Engineer.
Tabulated below is the salary of an Petroleum Engineer across various cities.
| Cities | Average Annual Salary (INR) |
|---|---|
| Mumbai | 11.17 L |
| Pune | 11 L |
| Gurgaon | 10.09 L |
| Noida | 9 L |
| Bengaluru | 8.34 L |
| Kolkata | 5.13 L |
Petroleum Engineer Salary: FAQs
Ques. Is Petroleum Engineering a high paying job?
Ans. A Petroleum Engineer can get a maximum salary of INR 20.3 LPA, which amounts to INR 1.7 Lakhs each month. An entry Level Petroleum Engineer makes an average income of INR 4.7 LPA with less than three years of experience.
Ques. What is the salary of a Petroleum Engineer in IIT?
Ans. The average salary of a Petroleum Engineer with 8 - 10 years of experience ranges from INR 11.10 LPA - 31.10 LPA.
Ques. What is the highest salary of a Petroleum Engineer?
Ans. The highest salary of a Petroleum Engineer recorded is INR 20.10 LPA.
Ques. Is Petroleum Engineering in demand?
Ans. As per a report by the IBEF, there has been an increase of 8% in demand of Petroleum Engineers in India.
Ques. What is the starting salary of a Petroleum Engineer in India?
Ans. The average starting salary of a Petroleum Engineer in India ranges from INR 2.40 LPA - 3.50 LPA.
Ques. What are the top paying Petroleum Engineering companies in India?
Ans. The list of top-paying Petroleum Engineering companies in India are listed below,
- Cairn Energy
- Weatherford
- ONGC
- Bharat Petroleum
- BVishal Oil and Energy
Ques. What are the top paying cities for Petroleum Engineers?
Ans. The top paying cities for Petroleum Engineers are as follows,
- New Delhi
- Mumbai
- Ahmedabad
- Hyderabad
- Chennai
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