Petroleum Engineer Average Salary in Singapore 2021
How much money does a Petroleum Engineer make in Singapore?
LOW
4,140
SGD AVERAGE
8,280
SGD HIGH
12,800
SGD
A person working as a Petroleum Engineer in Singapore typically earns around 8,280 SGD per month. Salaries range from 4,140 SGD (lowest) to 12,800 SGD (highest).
This is the average monthly salary including housing, transport, and other benefits. Petroleum Engineer salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Petroleum Engineer Salary Distribution in Singapore
The median, the maximum, the minimum, and the range
Salary Range
Petroleum Engineer salaries in Singapore range from 4,140 SGD per month (minimum salary) to 12,800 SGD per month (maximum salary).
Median Salary
The median salary is 8,280 SGD per month, which means that half (50%) of people working as Petroleum Engineer (s) are earning less than 8,280 SGD while the other half are earning more than 8,280 SGD. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.
Percentiles
Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of Petroleum Engineer (s) are earning less than 5,590 SGD while 75% of them are earning more than 5,590 SGD. Also from the diagram, 75% of Petroleum Engineer (s) are earning less than 10,600 SGD while 25% are earning more than 10,600 SGD.
What is the difference between the median and the average salary?
Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary
Petroleum Engineer Salary Comparison by Years of Experience
How does experience and age affect your pay?
The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher your wage. We broke down Petroleum Engineer salaries by experience level and this is what we found.
A Petroleum Engineer with less than two years of experience makes approximately 4,960 SGD per month.
While someone with an experience level between two and five years is expected to earn 6,570 SGD per month, 32% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 8,790 SGD per month, 34% more than someone with two to five years of experience.
Additionally, Petroleum Engineer (s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 10,500 SGD per month, 19% more than someone with five to ten years of experience.
If the experience level is between fifteen and twenty years, then the expected wage is 11,300 SGD per month, 8% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 12,100 SGD per month, 7% more than people with fifteen to twenty years of experience.
Petroleum Engineer average salary change by experience in Singapore
| 0 - 2 Years | 4,960 SGD | |
| 2 - 5 Years | +32% | 6,570 SGD |
| 5 - 10 Years | +34% | 8,790 SGD |
| 10 - 15 Years | +19% | 10,500 SGD |
| 15 - 20 Years | +8% | 11,300 SGD |
| 20+ Years | +7% | 12,100 SGD |
Typical Salary Progress for Most Careers
Petroleum Engineer Salary Comparison By Education
How do education levels affect salaries?
Displayed below is the average salary difference between different Petroleum Engineer (s) who have the same experience but different education levels.
We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down Petroleum Engineer salaries by education level in order to make a comparison.
When the education level is Bachelor's Degree, the average salary of a Petroleum Engineer is 7,090 SGD per month.
While someone with a Master's Degree gets a salary of 11,200 SGD per month, 58% more than someone having a Bachelor's Degree degree.
Petroleum Engineer average salary difference by education level in Singapore
| Bachelor's Degree | 7,090 SGD | |
| Master's Degree | +58% | 11,200 SGD |
Is a Master's degree or an MBA worth it? Should you pursue higher education?
A Master's degree program or any post-graduate program in Singapore costs anywhere from 42,200 Singapore Dollar(s) to 127,000 Singapore Dollar(s) and lasts approximately two years. That is quite an investment.
You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.
Many people pursue higher education as a tactic to switch into a higher paying job. The numbers seem to support the thoery. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.
If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.
Typical Salary Difference by Education for Most Careers
Petroleum Engineer Salary Comparison By Gender
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male Petroleum Engineer employees in Singapore earn 5% more than their female counterparts on average.
| Male | 8,450 SGD | |
| Female | -4% | 8,090 SGD |
Salary Comparison By Gender in Singapore for all Careers
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Petroleum Engineer Average Annual Salary Increment Percentage in Singapore
How much are annual salary increments in Singapore for Petroleum Engineer (s)? How often do employees get salary raises?
Petroleum Engineer
Petroleum Engineer (s) in Singapore are likely to observe a salary increase of approximately 13% every 14 months. The national average annual increment for all professions combined is 9% granted to employees every 15 months.
Singapore / All Professions
The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely that people get their salaries reviewed exactly on the one year mark, it is more meaningful to know the frequency and the rate at the time of the increase.
How to calculate the salary increment percentage?
The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 ÷ Increase Frequency
Annual Increment Rate By Industry 2020
| Banking | 7% | |
| Energy | 5% | |
| Information Technology | 3% | |
| Healthcare | 1% | |
| Travel | 8% | |
| Construction | 6% | |
| Education | 4% |
Listed above are the average annual increase rates for each industry in Singapore for the year 2020. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.
Worldwide Salary Raises: All Countries and All Jobs
Petroleum Engineer Bonus and Incentive Rates in Singapore
How much and how often are bonuses being awarded?
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A Petroleum Engineer is considered to be a moderate bonus-based job due to the generally limited involvement in direct revenue generation, with exceptions of course. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.
44% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 56% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 3% to 6% of their annual salary.
| Received Bonus | 56% | |
| No Bonus | 44% |
Types of Bonuses Considered
Individual Performance-Based BonusesThe most standard form of bonus where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.
Goal-Based BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese types of bonuses are given without a reason and usually resemble an appreciation token.
Bonuses Are Not Commissions!
People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.
What makes a position worthy of good bonuses and a high salary?
The main two types of jobs | |
| Revenue Generators | Supporting Cast |
Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business. | Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations. |
Example: | Example: |
Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.
Bonus Comparison by Seniority Level
Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.
Petroleum Engineer Average Hourly Wage in Singapore
48 SGD per hourThe average hourly wage (pay per hour) in Singapore is 48 SGD. This means that the average Petroleum Engineer in Singapore earns approximately 48 SGD for every worked hour.
The hourly wage is the salary paid in one worked hour. Usually jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fix amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.
Petroleum Engineer VS Other Jobs
The average salary for Petroleum Engineer is 9% more than that of Oil / Gas / Energy / Mining. Also, Oil / Gas / Energy / Mining salaries are 10% less than those of All Jobs.
Salary comparison with similar jobs
| Job Title | Average Salary |
| Assistant Yard Manager | 6,790 SGD |  -18% |
| Associate Analyst | 8,250 SGD | -0% |
| Associate Landman | 3,470 SGD | -58% |
| Auxiliary Equipment Operator | 2,950 SGD | -64% |
| Biomass Plant Technician | 3,600 SGD | -57% |
| Biomass Power Plant Manager | 10,300 SGD |  +24% |
| Chemical Plant Operator | 5,730 SGD | -31% |
| Chief Contract Compliance Engineer | 7,710 SGD | -7% |
| Completions Engineer | 7,140 SGD | -14% |
| Cost Controller | 5,440 SGD | -34% |
| Crude Oil Marketing Representative | 7,740 SGD | -6% |
| Dispatcher | 3,180 SGD | -62% |
| Distribution Manager | 10,700 SGD | +29% |
| Dragline Operator | 3,350 SGD | -60% |
| Driller Offsider | 2,620 SGD | -68% |
| Dump Truck Driver | 2,920 SGD | -65% |
| Electric and Gas Operations Manager | 16,700 SGD | +100% |
| Energy Advisor | 11,600 SGD | +40% |
| Energy Analyst | 10,100 SGD | +22% |
| Energy Auditor | 8,830 SGD | +7% |
| Energy Dispatch Director | 12,500 SGD | +51% |
| Energy Technical Assistant | 4,470 SGD | -46% |
| Energy Technical Manager | 8,640 SGD | +4% |
| Energy Technical Trainer | 6,540 SGD | -21% |
| Exploration Manager | 12,600 SGD | +52% |
| Field Safety Auditor | 8,700 SGD | +5% |
| Fluids Engineer | 7,440 SGD | -10% |
| Fuel Cell Engineer | 7,580 SGD | -8% |
| Fuel Cell Technician | 3,600 SGD | -57% |
| Fuels Handler | 3,350 SGD | -60% |
| Gas Compressor Operator | 3,380 SGD | -59% |
| Gas Distribution Plant Operator | 6,240 SGD | -25% |
| Gas Supply Manager | 10,900 SGD | +32% |
| Geologist | 12,800 SGD | +55% |
| Geophysicist | 13,800 SGD | +67% |
| Geothermal Production Manager | 12,500 SGD | +51% |
| Geothermal Technician | 5,100 SGD | -38% |
| HSE Engineer | 7,310 SGD | -12% |
| HSE Officer | 4,430 SGD | -46% |
| HSEQ Administrator | 4,990 SGD | -40% |
| Inspector | 6,650 SGD | -20% |
| Instructor | 6,170 SGD | -25% |
| Instrument Designer | 5,530 SGD | -33% |
| Lead Technical Field Advisor | 9,630 SGD | +16% |
| Logistics and Tool Coordinator | 6,460 SGD | -22% |
| Maintenance Engineer | 7,410 SGD | -10% |
| Maintenance Superintendent | 6,390 SGD | -23% |
| Material Controller | 5,000 SGD | -40% |
| Mine Engineer | 6,870 SGD | -17% |
| Mine Surveyor | 7,800 SGD | -6% |
| Mining Project Administrator | 6,740 SGD | -19% |
| Mining Project Assistant | 5,300 SGD | -36% |
| Mining Project Controls Consultant | 8,350 SGD | +1% |
| Mining Project Coordinator | 6,480 SGD | -22% |
| Mining Project Engineer | 6,980 SGD | -16% |
| Mining Project Manager | 9,130 SGD | +10% |
| Mining Site Manager | 9,680 SGD | +17% |
| Mining Team Leader | 7,800 SGD | -6% |
| NDT Technician | 4,590 SGD | -45% |
| Oil Service Unit Operator | 3,900 SGD | -53% |
| Oil Trader | 9,950 SGD | +20% |
| Oilwell Pumper | 2,660 SGD | -68% |
| Petroleum Engineer | 8,280 SGD | +0% |
| Petroleum Geologist | 12,700 SGD | +53% |
| Petroleum Pump System Operator | 4,140 SGD | -50% |
| Pipeline Technician | 2,690 SGD | -67% |
| Power Coordinator | 4,520 SGD | -45% |
| Power Plant Operations Manager | 13,700 SGD | +66% |
| Power Plant Operator | 5,730 SGD | -31% |
| Radio Operator | 3,340 SGD | -60% |
| Reliability Engineer | 7,020 SGD | -15% |
| Reservoir Engineer | 6,660 SGD | -20% |
| Risk Analyst | 8,890 SGD | +7% |
| Roughneck | 7,290 SGD | -12% |
| Scaffolder | 4,680 SGD | -43% |
| Shutdown Engineer | 6,220 SGD | -25% |
| Solar Energy Installation Manager | 11,300 SGD | +37% |
| Solar Energy Systems Engineer | 7,900 SGD | -5% |
| Solar Photovoltaic Installer | 4,970 SGD | -40% |
| Solar Thermal Technician | 4,700 SGD | -43% |
| Supply Operations Manager | 12,500 SGD | +51% |
| Sustainability Specialist | 11,500 SGD | +39% |
| System Development Advisor | 8,260 SGD | -0% |
| Tanker Truck Driver | 2,870 SGD | -65% |
| Utility Operator | 4,040 SGD | -51% |
| Wind Energy Project Manager | 10,400 SGD | +26% |
Government vs Private Sector Salary Comparison
Where can you get paid more, working for a private company or for the government? Public sector employees in Singapore earn 5% more than their private sector counterparts on average across all sectors.
| Private Sector | 8,270 SGD | |
| Public Sector | +5% | 8,670 SGD |
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