Top 7 Facts Everyone Should Know about Oil Exploration

There are many oil and gas professionals trying to provide their opinions and some people believe it, since it’s from professionals. But this trend has gone too far.

Countless myths have been popping up in the oil and gas industry that it’s affecting its reputation. Some of these myths include the future of oil and gas and the environmental issues.

As a result, more and more people are thinking that oil and gas may lead to environmental problems sooner or later.

That’s why this blog post aims to give you the “facts” surrounding the oil and gas industry.

Employees Are Getting More Compensation

Many say that the employees working for oil and gas companies are not receiving enough compensation.

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However, in reality, their salary is increasing over the years. It’s higher than the average salary for the last two years.

Due to the challenges and competition with renewable energy between solar power, oil and gas, hydro, and more, professionals are continuously getting more and more compensation.

The Drilling Segment Offers the Highest Compensation

Another fact to help you with your career in oil and gas companies is that the drilling segment offers the highest compensation among all other sectors.

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Although all positions offer great salaries, drilling pays the most. In fact, the average salary of all oil and gas employees is $90k USD per year, while workers in the drilling segment earns $112k USD per year.

However, take note that they are not just ordinary workers.

Employees in Oil and Gas Companies Are Very Skilled

Yes, they’re not your typical worker you see every day, although that’s what many people are saying.

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They are very skilled in their own fields and have undergone a lot of training to get there. They don’t just operate the drilling rigs, or help with spotting reservoirs, they do much more than that.

36 billion barrels of oil is used around the world every year

It’s true, you might find it surprising, but people around the globe uses 100 million barrels of oil every day, equivalent to 36 billion barrels of oil every year. But that’s not all.

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This number is not falling, but it’s rising over the last decade. It may also continue to rise despite the competition and other alternative energy resources.

Replacing Oil as an Energy Source Is Next to Impossible

Since the use of oil and gas is rising over the years, this is the reality that should be faced by many people.

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Oil and gas is not just one of the energy resources you can find on this planet, it’s one of the most critical energy resources, and replacing it will be next to impossible.

Oil is not as simple as everyone thinks, and you can’t replace it with other sources such as solar, wind, or hydro energy. With that said, you should not think of oil only as energy.

Oil Is Not Only for Energy

Oil is in fact usable for much other industries besides the energy sector. It can also be used by the pharmaceutical and medical industry, for medicines and some of their tools.

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Another industry that uses oil products is the textile industry. They can use it in making fabrics such as vinyl, nylon, polyester, and acrylic.

Next time you hear someone say something about the oil and gas industry, look for evidence first before believing it. There might be many incorrect statements about it now, but there will be more facts available in the future.