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Oil / Gas / Energy / Mining Average Salaries in Venezuela 2023

How much money does a person working in Oil / Gas / Energy / Mining make in Venezuela?

Average Monthly Salary
119,000 VES
( 1,430,000 VES yearly)


A person working in Oil / Gas / Energy / Mining in Venezuela typically earns around 119,000 VES per month. Salaries range from 43,300 VES (lowest average) to 276,000 VES (highest average, actual maximum salary is higher).

This is the average monthly salary including housing, transport, and other benefits. Salaries vary drastically between different Oil / Gas / Energy / Mining careers. If you are interested in the salary of a particular job, see below for salaries for specific job titles.

Salaries for specific jobs

Job TitleAverage Salary
Assistant Yard Manager122,000 VES
Associate Analyst137,000 VES
Associate Landman57,400 VES
Auxiliary Equipment Operator52,300 VES
Biomass Plant Technician58,800 VES
Biomass Power Plant Manager175,000 VES
Chemical Plant Operator104,000 VES
Chief Contract Compliance Engineer131,000 VES
Completions Engineer120,000 VES
Cost Controller87,200 VES
Crude Oil Marketing Representative136,000 VES
Dispatcher52,300 VES
Distribution Manager163,000 VES
Dragline Operator56,300 VES
Driller Offsider45,100 VES
Dump Truck Driver49,900 VES
Electric and Gas Operations Manager287,000 VES
Energy Advisor185,000 VES
Energy Analyst177,000 VES
Energy Auditor146,000 VES
Energy Dispatch Director203,000 VES
Energy Technical Assistant72,600 VES
Energy Technical Manager155,000 VES
Energy Technical Trainer107,000 VES
Exploration Manager213,000 VES
Field Safety Auditor143,000 VES
Fluids Engineer114,000 VES
Fuel Cell Engineer130,000 VES
Fuel Cell Technician64,200 VES
Fuels Handler58,700 VES
Gas Compressor Operator56,400 VES
Gas Distribution Plant Operator98,000 VES
Gas Supply Manager179,000 VES
Geologist220,000 VES
Geophysicist215,000 VES
Geothermal Production Manager210,000 VES
Geothermal Technician89,000 VES
HSE Engineer128,000 VES
HSE Officer72,800 VES
HSEQ Administrator86,100 VES
Inspector108,000 VES
Instructor96,000 VES
Instrument Designer91,700 VES
Lead Technical Field Advisor155,000 VES
Logistics and Tool Coordinator110,000 VES
Maintenance Engineer123,000 VES
Maintenance Superintendent106,000 VES
Material Controller81,200 VES
Mine Engineer122,000 VES
Mine Surveyor138,000 VES
Mining Project Administrator103,000 VES
Mining Project Assistant82,600 VES
Mining Project Controls Consultant135,000 VES
Mining Project Coordinator109,000 VES
Mining Project Engineer124,000 VES
Mining Project Manager149,000 VES
Mining Site Manager164,000 VES
Mining Team Leader127,000 VES
NDT Technician77,300 VES
Oil Service Unit Operator65,000 VES
Oil Trader164,000 VES
Oilwell Pumper44,600 VES
Petroleum Engineer 132,000 VES
Petroleum Geologist221,000 VES
Petroleum Pump System Operator67,300 VES
Pipeline Technician48,900 VES
Power Coordinator72,200 VES
Power Plant Operations Manager234,000 VES
Power Plant Operator102,000 VES
Radio Operator55,400 VES
Reliability Engineer122,000 VES
Reservoir Engineer117,000 VES
Risk Analyst148,000 VES
Roughneck128,000 VES
Scaffolder83,200 VES
Shutdown Engineer106,000 VES
Solar Energy Installation Manager188,000 VES
Solar Energy Systems Engineer124,000 VES
Solar Photovoltaic Installer81,200 VES
Solar Thermal Technician72,200 VES
Supply Operations Manager201,000 VES
Sustainability Specialist204,000 VES
System Development Advisor146,000 VES
Tanker Truck Driver46,300 VES
Utility Operator68,000 VES
Wind Energy Project Manager165,000 VES

Oil / Gas / Energy / Mining Jobs Pay Scale and Salaries in Venezuela

Median and salary distribution Venezuela Oil  / Gas / Energy / Mining monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
134,000 VES or more
10% of people earn
111,000 to 134,000 VES
20% of people earn
60,700 VES or less
65% of people earn
60,700 to 111,000 VES
Minimum Salary
43,300 VES
106,000 VES
276,000 VES

Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

  • Salary Range, Minimum Wage, and Starting Salary

    Oil / Gas / Energy / Mining salaries in Venezuela range from 43,300 VES per month (starting average salary) to 276,000 VES per month (maximum average salary, actual maximum is higher). This is not the minimum wage as per the law, only the lowest reported number in the salary survey that had thousands of participants and professionals from all over the country.

  • Median Salary

    The median salary is 106,000 VES per month, which means that half (50%) of people working in Oil / Gas / Energy / Mining are earning less than 106,000 VES while the other half are earning more than 106,000 VES. 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 and Salary Scale

    Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of people working in Oil / Gas / Energy / Mining are earning less than 81,100 VES while 75% of them are earning more than 81,100 VES. Also from the diagram, 75% of people working in Oil / Gas / Energy / Mining are earning less than 132,000 VES while 25% are earning more than 132,000 VES.

  • Pay Scale Structure

    We grouped the most common and recurring salaries into brackets to give more insight into what salary to expect. This method is more accurate than just the average salary and gives more insights on how salaries are actually distributed. Around 65% of all reported figures are in the range 60,700 VES to 111,000 VES. Approximatly 20% fall under the 60,700 VES cap. Ten percent of wages are from 111,000 VES to 134,000 VES. Only 5% of people grossed 134,000 VES or more.

Salary Comparison by Years of Experience

How does a person's salary progress over time?

Salary Comparison By Experience Level
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The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher the wage.

Generally speaking, employees having experience from two to five years earn on average 32% more than freshers and juniors across all industries and disciplines.

Professionals with experience of more than five years tend to earn on average 36% more than those with five years or less of work experience.

Change in salary based on experience varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of many different jobs. To view accurate figures, choose a specific job title.

As you hit the ten years mark, the salary increases by 21% and an additional 14% for those who have crossed the 15 years mark.

Those figures are presented as guidelines only. The numbers become more significant if you consider one job title at a time.

On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.

Salary Comparison By Education

How does the education level affect your salary?

Salary Comparison By Education
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It is well known that higher education equals a bigger salary, but how much more money can a degree add to your income? We compared the salaries of professionals at the same level but with different college degrees levels across many jobs, below are our findings.

Change in salary based on education varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of multiple jobs. To view accurate figures, choose a specific job title.

Workers with a certificate or diploma earn on average 17% more than their peers who only reached the high school level.

Employees who earned a Bachelor's Degree earn 24% more than those who only managed to attain a cerificate or diploma.

Professionals who attained a Master's Degree are awarded salaries that are 29% more than those with a Bachelor's Degree.

Finally, PhD holders earn 23% more than Master's Degree holders on average while doing the same job.

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 Venezuela costs anywhere from 662,000 Bolivar Soberano(s) to 1,990,000 Bolivar Soberano(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 this tactic. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

The decision really depends on your situation and experience among many other factors. Putting all variables aside, if you can afford the costs of higher education then the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.

Salary and Compensation Comparison By Gender - Oil / Gas / Energy / Mining

Salary comparison by gender Venezuela Oil  / Gas / Energy / Mining monthly
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Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male employees in Venezuela who work in Oil / Gas / Energy / Mining earn 9% more than their female counterparts on average.

125,000 VES
115,000 VES
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Venezuela for all Careers

Salary comparison by gender monthly Venezuela
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Oil / Gas / Energy / Mining Average Annual Salary Increment Percentage in Venezuela

How much are annual salary increments in Venezuela for Oil / Gas / Energy / Mining professionals? How often do employees get salary raises?

Oil / Gas / Energy / Mining

Oil / Gas / Energy / Mining professionals in Venezuela are likely to observe a salary increase of approximately 6% every 27 months. The national average annual increment for all professions combined is 4% granted to employees every 29 months.

Annual Salary Increment Rate Venezuela Oil  / Gas / Energy / Mining
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The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

Venezuela / All Professions

Annual Salary Increment Rate Venezuela
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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

The average salary increase in one year (12 months) in Venezuela is 2%.

Annual Increment Rate By Industry 2022

Information Technology

Listed above are the average annual increase rates for each industry in Venezuela for the year 2022. 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

World Average Annual Salary Increment
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Salary Packages and Schemes

Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.

Oil / Gas / Energy / Mining Bonus and Incentive Rates in Venezuela

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Venezuela Oil  / Gas / Energy / Mining
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Oil / Gas / Energy / Mining is considered to be a moderate bonus-based field. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.

67% of surveyed staff in Oil / Gas / Energy / Mining reported that they haven't received any bonuses or incentives in the previous year while 33% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 3% to 5% of their annual salary.

Received Bonus
No Bonus

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, 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 Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These 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 GeneratorsSupporting 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.

A graphics designer working for a graphics designing company.

A graphic designer in the marketing department of a hospital.

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.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

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.

Oil / Gas / Energy / Mining Salary Forecast and Trend in Venezuela

How do Oil / Gas / Energy / Mining salaries change over time? Listed below is a chart that shows the average salary in recent years.

Average Salary 2019
106,000 VES
Average Salary 2020+4%
110,000 VES
Average Salary 2021+2%
112,000 VES
Average Salary 2022+3%
115,000 VES
Percentage increase and decrease are relative to the previous value

Oil / Gas / Energy / Mining salaries in Venezuela are rising in the year 2023 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2022 are 3% higher than those of 2021. The trend suggests a slow yet continuous increase in pay in 2024 and future years. These numbers may vary from industry to another.

Salary trends and forecast monthly Venezuela Oil  / Gas / Energy / Mining
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Oil / Gas / Energy / Mining Hourly Average Wage in Venezuela

690 VES per hour

The average hourly wage (pay per hour) in Venezuela is 690 VES. This means that the average person in Venezuela earns approximately 690 VES for every worked hour.

Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 )

About The Hourly Pay Rate

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.

What is the minimum hourly rate of pay?

This minimum pay rate per hour for a person in Venezuela is 250 VES. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Oil / Gas / Energy / Mining VS Other Jobs

119,000 VES
132,000 VES
Average Salary
Oil / Gas / Energy / Mining
Average Salary
All Jobs

The average salary for Oil / Gas / Energy / Mining is 10% less than that of All Jobs.

Salary Comparison Between Oil  / Gas / Energy / Mining and Oil  / Gas / Energy / Mining monthly Venezuela
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Salary Comparison By City

CityAverage Salary
Barquisimeto120,000 VES
Caracas134,000 VES
Ciudad Guayana111,000 VES
Maracaibo128,000 VES

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 Venezuela earn 11% more than their private sector counterparts on average across all sectors.

Private Sector
124,000 VES
Public Sector+11%
138,000 VES
Percentage increase and decrease are relative to the previous value

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary for Oil / Gas / Energy / Mining in Venezuela?

A good and competitive compensation would range anywhere between 106,000 VES and 132,000 VES. This is a very rough estimate and your experience and education will play a very huge part into your final earnings.

Gross Salary (before tax) and Net Salary (after tax)

All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salart after tax for every career.

Base / Basic Salary

The base salary for Oil / Gas / Energy / Mining in Venezuela is ranges from 81,100 VES to 132,000 VES. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range in a grain of salt.

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

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