Home > Salary > Australia > Reservoir Engineer
A reservoir engineer is a professional who specializes in analyzing and managing underground oil and gas reservoirs. They use their expertise to optimize the extraction of hydrocarbons from reservoirs, ensuring maximum production efficiency while minimizing costs and environmental impact. Reservoir engineers work closely with geologists and geophysicists to evaluate the properties and potential of reservoirs, conducting detailed simulations and predictive models to estimate reserves and develop production strategies. They also monitor well performance, analyze data, and make recommendations for well interventions or enhanced oil recovery techniques. Reservoir engineers play a crucial role in the exploration and production of oil and gas, as they are responsible for maximizing the recovery of resources from subsurface reservoirs.
Estimated Yearly Salary: 278,792 AUD
Estimated Monthly Salary: 23,233 AUD
Estimated Weekly Salary: 5,361 AUD per week
Estimated Hourly Salary: 134 AUD per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 22,505 AUD
Estimated Weekly Salary: 5,194 AUD per week
Estimated Hourly Salary: 130 AUD per hour
Last revision of data: 2024-01-07
Estimated Yearly Salary: 139,726 USD
Estimated Monthly Salary: 11,644 USD
Estimated Weekly Salary: 2,687 USD per week
Estimated Hourly Salary: 67 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 278,792 AUD
Estimated Monthly Salary: 23,233 AUD
Estimated Weekly Salary: 5,361 AUD per week
Estimated Hourly Salary: 134 AUD per hour
By working as Reservoir Engineer a person can save up to 9,227 USD per month or 110,720 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Australia, see costs of living in Australia.
Estimated Yearly Salary for Reservoir Engineer
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
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Reservoir Engineer salary in Australia
Average Yearly Salary of Reservoir Engineer in Australia is approximately 278,792 AUD (139,726 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.
What does Reservoir Engineer do?
A reservoir engineer is a professional who specializes in analyzing and managing underground oil and gas reservoirs. They use their expertise to optimize the extraction of hydrocarbons from reservoirs, ensuring maximum production efficiency while minimizing costs and environmental impact. Reservoir engineers work closely with geologists and geophysicists to evaluate the properties and potential of reservoirs, conducting detailed simulations and predictive models to estimate reserves and develop production strategies. They also monitor well performance, analyze data, and make recommendations for well interventions or enhanced oil recovery techniques. Reservoir engineers play a crucial role in the exploration and production of oil and gas, as they are responsible for maximizing the recovery of resources from subsurface reservoirs.
Skills: Reservoir engineer, Oil and gas, Hydrocarbon extraction, Reservoir analysis, Production optimization, Enhanced oil recovery
Job industry: Oil and gas
Job industry: Oil and gas
How much does Reservoir Engineer make?
Salary details
How much does Reservoir Engineer make?Estimated Yearly Salary: 278,792 AUD
Estimated Monthly Salary: 23,233 AUD
Estimated Weekly Salary: 5,361 AUD per week
Estimated Hourly Salary: 134 AUD per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 270,062 AUDEstimated Monthly Salary: 22,505 AUD
Estimated Weekly Salary: 5,194 AUD per week
Estimated Hourly Salary: 130 AUD per hour
Last revision of data: 2024-01-07Reservoir Engineer estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 139,726 USD
Estimated Monthly Salary: 11,644 USD
Estimated Weekly Salary: 2,687 USD per week
Estimated Hourly Salary: 67 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Compare salary to other countries
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Salary comparison to National average
Australia is a vast country located in the southern hemisphere. It has a diverse population of approximately 25 million people. The country spans an area of about 7.7 million square kilometers, making it the sixth-largest country in the world. Australia is surrounded by the Indian and Pacific Oceans and is known for its stunning landscapes, including the Great Barrier Reef, Uluru, and the Outback.
Estimated national average yearly salary is 84,179 AUD (60,430 USD). Value indicated is pre-tax. Below graph shows estimated Reservoir Engineer job salary compared to average salary in Australia.
Comparison shows that a person working as Reservoir Engineer in Australia earns on average:
3.31 times the average salary (or 331% of average salary).
Estimated national average yearly salary is 84,179 AUD (60,430 USD). Value indicated is pre-tax. Below graph shows estimated Reservoir Engineer job salary compared to average salary in Australia.
Comparison shows that a person working as Reservoir Engineer in Australia earns on average:
3.31 times the average salary (or 331% of average salary).
Is Reservoir Engineer a well paid job?
Yes, our data show that Reservoir Engineer is a very well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Reservoir Engineer?
High salary for Reservoir Engineer would be somewhere between 306,671 AUD and 404,248 AUD. However this is an estimation based on Gaussian Distribution.How much can you save working as Reservoir Engineer in Australia?
Living in Australia the approximate monthly expenses are: 2,417 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.Estimated Yearly Salary: 278,792 AUD
Estimated Monthly Salary: 23,233 AUD
Estimated Weekly Salary: 5,361 AUD per week
Estimated Hourly Salary: 134 AUD per hour
By working as Reservoir Engineer a person can save up to 9,227 USD per month or 110,720 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Australia, see costs of living in Australia.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Indonesia, Papua New Guinea, East Timor. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Reservoir Engineer
Indonesia is 24,419 USD
East Timor is 104,409 USD Last revision of data: 2025-01-04Salary increase per years of experience
Based on data available the salary increase per years of experience is as following- 0 years (beginner) equals base salary
- 1 to 5 years of experience yields
+12% salary increase- 6 to 10 years of experience yields
+25% salary increase- 11 to 15 years of experience yields
+16% salary increase- 16 to 25 years of experience yields
+9% salary increase- more than 25 years of experience yields
+10% salary increaseTop 10 highest salaries in Australia
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Data as of 2025Random salary:
Assistant property manager (46,116 AUD per year, pre-tax.)
Chef assistant (61,916 AUD per year, pre-tax.)
Central office equipment engineer (104,382 AUD per year, pre-tax.)
Assessment and education researcher (87,769 AUD per year, pre-tax.)
Corporate trust officer (114,367 AUD per year, pre-tax.)
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