What is a Geologists Salary on an Oil Rig?
Are you thinking about taking up a Geology major in college? It is not a bad course, and prospects are pretty good overall. Employment opportunities look pretty solid for the next few decades, strongly supported by world economic fundamentals. After all, geologists are the people who find new deposits of oil, gas, metals and minerals – all of them raw materials in great demand from both developed countries (e.g. the USA and Europe) and developing countries (especially China and India). The major employers of geologists are the government sector, the mining industry and the oil/gas industry. So, what is a geologist’ salary on an oilrig? According to a 2008 survey by American Geologic Institute, it ranges from $80,000 to $100,000 for a fresh Geology graduate with a relevant Masters degree. Another survey by the University of Houston in 2007 indicated that experienced petroleum geologists (10 years and up) earn an average salary of $132,132 a year. Those are increases of 50% for new geolo
