C$104,456
Avg. Salary
Avg. Hourly Rate

Average additional compensation:

C$14,577

Bonus

C$3,000

Profit Sharing

What am I worth?
How should I pay?

The average pay for a Reservoir Engineer is {{pay}} per hour.

The average pay for a Reservoir Engineer is C$104,456 per year.

C$0.00
10%
C$0.00
50%
C$0.00
90%
MEDIAN C$0.00
C$74k
10%
C$104k
50%
C$161k
90%
MEDIAN C$104,456
C$73,974 - C$160,573
C$74K
C$100K
C$160K
MEDIAN: C$104,456
10%
50%
90%
C$0C$179K
Salary C$73,974 - C$160,573
Bonus C$5,022 - C$29,866
Profit Sharing C$3,000
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).
)
C$83,204 - C$179,505
  • Country: Canada
  • Currency: CAD
  • Updated: 13 Feb 2019
  • Individuals Reporting: 47

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.

Read More...
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 Pay By Employer

$0$200K

$131,366

$125,932

$117,000

$167,865

BP Amoco
5 profiles
$147,395

Schlumberger
5 profiles
$109,000

$109,710

Reservoir Engineer Job Listings

Pay by Experience Level for Reservoir Engineer

Pay by Experience for a Reservoir Engineer has a positive trend. An entry-level Reservoir Engineer with less than 5 years of experience can expect to earn an average total compensation of C$84,000 based on 8 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Reservoir Engineer with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of C$120,000 based on 11 salaries. An experienced Reservoir Engineer which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of C$150,000 based on 7 salaries. A Reservoir Engineer with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of C$150,000 based on 7 salaries.

Pay Difference by Location

National Average: C$119,849

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

Related Job Salaries

Key Stats for Reservoir Engineer

Gender

Female
6 %
Male
94 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 5 votes.
1-4 years
17%
5-9 years
36%
10-19 years
43%
20 years or more
4%

Experience Affects Reservoir Engineer Salaries

Late-Career
▲25%

Experienced
▲25%

▼0%

National Average
C$120,000

▼30%

Skills That Affect Reservoir Engineer Salaries

National Average
C$120,000


▼18%

Job Satisfaction

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

Gender

Female
6 %
Male
94 %

Years of Experience

1-4 years
17%
5-9 years
36%
10-19 years
43%
20 years or more
4%

Common Health Benefits

medical benefits
Medical: 91%
dental benefits
Dental: 83%
vision benefits
Vision: 69%
no benefits
None: 9%