An Experienced Reservoir Engineer earns an average salary of AU$200,000 per year. The highest paying skills associated with this job are Reservoir Engineering and Simulation.

AU$176,169 - AU$268,189
AU$180K
AU$200K
AU$270K
MEDIAN: AU$200,000
10%
50%
90%
AU$0AU$410K
Salary AU$176,169 - AU$268,189
Bonus AU$28,500
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$178,175 - AU$410,312
  • Country: Australia
  • Currency: AUD
  • Updated: 8 Dec 2017
  • Individuals Reporting: 10

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

Key Stats for Reservoir Engineer

10-19 years
100%

Skills That Affect Reservoir Engineer Salaries


▲11%

National Average
AU$208,000

Common Health Benefits

medical benefits
Medical: 14%
dental benefits
Dental:
vision benefits
Vision:
no benefits
None: 86%