The average pay for a Reservoir Engineer is AU$125,431 per year. People in this job generally don't have more than 20 years' experience. Experience strongly influences income for this job. A skill in Simulation is associated with high pay for this job.

AU$78,108 - AU$217,000
AU$78K
AU$130K
AU$220K
MEDIAN: AU$125,431
10%
50%
90%
AU$0AU$242K
Salary AU$78,108 - AU$217,000
Bonus AU$4,919 - AU$36,212
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
AU$78,536 - AU$242,290
  • Country: Australia
  • Currency: AUD
  • Updated: 8 Dec 2017
  • Individuals Reporting: 49

Job Description for Reservoir Engineer

Reservoir engineers are specialists in locating - and helping petroleum companies effectively use - underground reservoirs of fossil fuels. Using geological expertise, knowledge of fluid mechanics, and various forms of technology, the reservoir engineer determines the location of underground fuel reservoirs and their reserve capacities, as well as whether their long-term viability makes them suitable for investment. The reservoir engineer works with geologists to monitor the reserves as fuels are extracted and makes adjustments to extraction processes as geological changes occur with the depletion of the fuel. As easier-to-reach fuel reservoirs are depleted internationally, reservoir engineering increasingly explores new techniques to locate viable drilling spots, and developing and modifying machinery to tap into these spots.

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Reservoir Engineer Tasks

  • Monitor and maintain reserve and decline estimates in order to maximize production for existing properties.
  • Conduct reservoir engineering studies, such as field studies for primary recovery, material balance, and decline curve analysis.
  • Draft economic evaluations for all properties and prospects.
  • Coordinate with field production department on well performance and production optimization.

Reservoir Engineer Job Listings

Pay Difference by Location

National Average: AU$140,730

Larger city markers indicate a job is popular in that location.

Related Job Salaries

Key Stats for Reservoir Engineer

Gender

Female
15 %
Male
85 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 2 votes.
Less than 1 year
2%
1-4 years
24%
5-9 years
46%
10-19 years
22%
20 years or more
6%

Experience Affects Reservoir Engineer Salaries

▲48%

▲1%

National Average
AU$141,000

▼25%

Skills That Affect Reservoir Engineer Salaries

▲25%


National Average
AU$141,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 2 votes.

Gender

Female
15 %
Male
85 %

Years of Experience

Less than 1 year
2%
1-4 years
24%
5-9 years
46%
10-19 years
22%
20 years or more
6%

Common Health Benefits

medical benefits
Medical: 42%
dental benefits
Dental: 13%
vision benefits
Vision: 10%
no benefits
None: 58%