We’ve collected data from internet and summarized into simply formats for you to see oilfield salary in 2014. You will get an idea how much personnel working in the upstream industry make. All information used in this article is as of Q1 2014.
Oilfield Salary Based On Geological Locations
Africa Average Income = 105,568 USD/year
Australia & Oceania Average Income = 104,787 USD/year
Central Asia Average Income = 79,188 USD/year
Europe Average Income = 116,899 USD/year
Far East Average Income = 100,337 USD/year
Middle East Average Income = 79,813 USD/year
North America Average Income = 90,693 USD/year
South America Average Income = 88,297 USD/year
Southern Asia Average Income = 72,023 USD/year
The chart below demonstrates overall income based on geological information.
Figure 1 – Average Income (USD/Yr) Based on Geological Area as of Q1 2014
Oilfield Salary Trend from 2011 – 2014 Based on Geological Area
Geologists have known for years that substantial deposits of oil and natural gas are trapped in deep shale formations. These shale reservoirs were created tens of millions of years ago. Around the world today with modern and horizontal drilling techniques and hydraulic fracturing, the trapped oil and natural gas in these shale reservoirs is being safely and efficiently produced, gathered and distributed to customers.
Let’s look at a drilling and completion process of a typical oil and natural gas well. Shale reservoirs are usually one mile or more below the surface. Well below any underground source of drinking water, which is typically no more than 300-1000 feet below the surface(Figure 1)
The Halliburton Redbook(Figure 1) is a very useful for oilfield people because it contains a lot of useful information as tubular/drill pipe data, cementing information, some oilfield calculation, etc.
Figure 1 – Halliburton Red Book
Nowadays, you can have another option to have this book by installing the Halliburton eRedBook® Mobile (Figure 2) in your smart phone or tablet. It will make your life a lot easier.
Buoyancy Factor is the factor that is used to compensate loss of weight due to immersion in drilling fluid and you can find more information from this article > buoyancy factor calculation . In that article, it demonstrates the buoyancy formula only for one fluid in the wellbore. However, this time, we will have the details about buoyancy factor when inside and outside fluid are different.
Buoyancy factor with different fluid inside and outside of tubular is listed below;
Ao is an external area of the component.
Ai is an internal area of the component.
ρo is fluid density in the annulus at the component depth in the wellbore.
ρi is fluid density in the component depth in the wellbore.
ρs is steel weight density. Steel density is 65.4 ppg.
Nowadays deep water drilling is one of vital players for oil and gas exploration and production industry and there are many people who would like to know how deep water drilling works. We’ve found one excellent VDO demonstrates the deep water drilling process in a simple way. This VDO will give you clearer picture about the topic and we also add full VDO transcript in order to help more people understand the content clearly. We wish you would enjoy learning from this VDO and please feel free to give us feedback : )
Full VDO Transcript - How Does Deep Water Drilling Work
Credit: Image from Wikipeida
How does the deep sea drilling vessel Chikyu drill into the sea floor? When the vessel arrives at the drilling site it receives a satellite signal that helps the vessel moves into the exact position required. The vessel has six propellers that rotate a full 360 degrees and keep the vessel in one position preventing it from drifting due to the wind, waves or sea current.