2020 spe membership salary survey
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2020 SPE Membership Salary Survey 1 Copyright © 2020 | Society of Petroleum Engineers
222 Palisades Creek Drive, Richardson, Texas 75080 USA | 1.800.456.6863 | www.spe.org
2020 SPE Membership Salary Survey Highlight Report In 2020, several changes were made to increase the usability of the annual SPE Membership Salary Survey. The Society of Petroleum Engineers (SPE) invited a random sample of 30,689 professional members to participate in the annual SPE Membership Salary Survey on 8 July 2020. This year, respondents were offered the choice between receiving a copy of the new SPE Salary Survey Executive Summary Report or the 2019 top ten SPE papers in OnePetro®. The survey closed on 3 August 2020 with 1,724 complete and 231 partial responses, yielding a 6.4% survey response rate. 1,305 responses provided full-time valid compensation data, providing a 4.3% response rate and a margin of error of ± 2.65% at a 95% confidence level. This year engineers were asked what job title most closely aligned with their job. Additionally, this year’s survey asked about overall years of work experience and oil & gas experience. The 2020 SPE Salary Survey Executive Summary Report and 2020 SPE Salary Survey Full Report offer new analyses of compensation by engineering title and overall work experience. Respondents were asked to provide their employment status, using the status that described them for the majority of 30 June 2019 to 30 June 2020. Almost all (95%) of respondents indicated they are employed full-time. When asked to elaborate on their position 85% of respondents reported as company employees. A small percentage of respondents (3%) are contract, freelance, or self-employed. The contract, freelance, or self-employed segment has fallen for the first time in the past 6 years. This year, 4% of respondents self-reported their position as consultants. Participants in the 2020 SPE Membership Salary Survey represented 76 countries and 26 states in the United States. Most (62%) respondents are based outside of the United States. More than three-quarters (77%) are citizens of the countries in which they work. Their employers’ headquarters are based in 73 countries. The percentage of female participants included in the report is like in previous years at 15% (13% in 2019 and 2018). More than one quarter (26%) of respondents work for an Independent Oil and Gas Company. Nearly one-third (30%) are employed by a Service or Manufacturing Company. Almost one-fifth (18%) are employed by an Integrated Oil and Gas Company, and less than one-tenth (9%) work for a National Oil and Gas Company. This year, 6% of members reported working for a consulting company.
2020 SPE Membership Salary Survey 2 Copyright © 2020 | Society of Petroleum Engineers
222 Palisades Creek Drive, Richardson, Texas 75080 USA | 1.800.456.6863 | www.spe.org
General Findings All compensation data presented in this Highlight Report is in US dollars (USD). Data was collected in local currencies and was converted to US Dollars (USD) using the exchange rate as of 3 August 2020, which is the effective date of this year’s data. Bolded metrics denote data present from 30 or more respondents. SPE Professional Members reported average total compensation of USD 163,723 in 2020. This is the lowest compensation recorded since at least 2014. The mean base pay reported in 2020 (USD 127,053) is the lowest in recent years. Other compensation (including bonuses) decreased in 2020 (USD 36,670) for the first time in the past five years, interrupting a four-year trend of increases in other compensation. In 2020, professionals receiving a car allowance stayed consistent with previous years at 25% (24% in 2019; 23% in 2018). The average age of professionals in the survey is 42 years old, which remained the same as the prior eight years. However, this demographic varied by gender. Males’ age is above the average at 43, and females’ age is below the average at 37. Experience levels among respondents averaged at 18 years of total work experience with 17 of those years in the oil and gas industry. There is a sizeable gap in experience between men and women. The average years of work experience was 19 years for males and 13 years for females. The number of professionals who reported an education level higher than a bachelor’s degree is 48%, continuing a steady upward trend seen since 2016.
2020 SPE Membership Salary Survey 3 Copyright © 2020 | Society of Petroleum Engineers
222 Palisades Creek Drive, Richardson, Texas 75080 USA | 1.800.456.6863 | www.spe.org
Table 1—Summary by Work Region
Total (n=1,305)
Africa (n=80)
Asia Pacific (n=155)
Europe (n=241)
Latin America and Caribbean
(n=83)
Middle East and North
Africa (n=105)
North America (n=607)
Russia and Caspian (n=34)
Base Pay Mean $127,053 $61,832 $99,627 $110,218 $89,475 $119,540 $159,678 $57,346 Median $113,677 $26,563 $66,450 $97,438 $56,460 $100,046 $145,000 $28,936
Other Compensation Mean $36,670 $14,335 $27,149 $25,792 $26,757 $28,422 $50,498 $12,527 Median $10,000 $3,682 $3,987 $4,690 $6,890 $5,333 $22,356 $2,690
Total Compensation Mean $163,723 $76,167 $126,776 $136,010 $116,232 $147,961 $210,177 $69,873 Median $132,000 $34,150 $76,085 $109,780 $67,349 $124,437 $170,600 $35,266
% With Education Beyond Bachelor's Degree
48% 61% 46% 75% 55% 42% 35% 76%
Average Age 42 38 39 42 43 42 43 36 Average Years of Experience 18 13 16 18 19 19 20 13 % Citizens of Work Country 77% 89% 76% 71% 76% 38% 86% 74%
% With Car Allowance 25% 46% 27% 24% 21% 44% 19% 21%
2020 SPE Membership Salary Survey 4 Copyright © 2020 | Society of Petroleum Engineers
222 Palisades Creek Drive, Richardson, Texas 75080 USA | 1.800.456.6863 | www.spe.org
How to Learn More SPE produces this annual salary survey to provide a reference for compensation in the oil and gas industry. The report is based on a sample of self-reported information from petroleum industry professionals. This report provides a sample of the findings from the 2020 SPE Membership Salary Survey. The 2020 SPE Salary Survey Executive Summary Report and 2020 SPE Salary Survey Full Report provides a more detailed analysis of global oil & gas compensation, particularly for the various type of engineers in the sector. Explore the additional reports and survey data available at www.spe.org/industry/oil-and-gas-salary-survey. Inquiries regarding the survey and suggestions for questions for next year’s survey may be addressed to [email protected]. Thank you for your interest in this important project and your continued support of SPE. The SPE Research Team [email protected]