Home > Salary > Iceland > Drilling Engineer
A drilling engineer is a professional responsible for planning, designing, and overseeing the drilling operations in the oil and gas industry. They work closely with geologists and geoscientists to identify potential drilling sites and determine the most efficient and cost-effective methods for extracting oil or gas reserves from the ground.
Drilling engineers are involved in every stage of the drilling process, from selecting the appropriate drilling equipment and ensuring its proper maintenance, to monitoring drilling progress and addressing any technical issues that may arise. They also collaborate with other engineers and technicians to ensure compliance with safety and environmental regulations.
Estimated Yearly Salary: 24,204,334 ISK
Estimated Monthly Salary: 2,017,028 ISK
Estimated Weekly Salary: 465,468 ISK per week
Estimated Hourly Salary: 11,637 ISK per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 1,949,471 ISK
Estimated Weekly Salary: 449,878 ISK per week
Estimated Hourly Salary: 11,247 ISK per hour
Last revision of data: 2024-01-07
Estimated Yearly Salary: 168,798 USD
Estimated Monthly Salary: 14,067 USD
Estimated Weekly Salary: 3,246 USD per week
Estimated Hourly Salary: 81 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: 24,204,334 ISK
Estimated Monthly Salary: 2,017,028 ISK
Estimated Weekly Salary: 465,468 ISK per week
Estimated Hourly Salary: 11,637 ISK per hour
By working as Drilling Engineer a person can save up to 11,338 USD per month or 136,052 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 Iceland, see costs of living in Iceland.
Estimated Yearly Salary for Drilling Engineer
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
Catering assistant (5,177,313 ISK per year, pre-tax.)
Stock clerk grocery store (4,854,825 ISK per year, pre-tax.)
Personal lines manager (insurance) (6,959,110 ISK per year, pre-tax.)
Animal care supervisor (4,922,380 ISK per year, pre-tax.)
Director of nurses (16,528,884 ISK per year, pre-tax.)
Drilling Engineer salary in Iceland
Average Yearly Salary of Drilling Engineer in Iceland is approximately 24,204,334 ISK (168,798 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 Drilling Engineer do?
A drilling engineer is a professional responsible for planning, designing, and overseeing the drilling operations in the oil and gas industry. They work closely with geologists and geoscientists to identify potential drilling sites and determine the most efficient and cost-effective methods for extracting oil or gas reserves from the ground.
Drilling engineers are involved in every stage of the drilling process, from selecting the appropriate drilling equipment and ensuring its proper maintenance, to monitoring drilling progress and addressing any technical issues that may arise. They also collaborate with other engineers and technicians to ensure compliance with safety and environmental regulations.
Skills: Drilling Engineer, Oil and Gas Industry, Drilling Operations, Well Planning, Equipment Maintenance, Safety Compliance
Job industry: Oil and gas
Job industry: Oil and gas
How much does Drilling Engineer make?
Salary details
How much does Drilling Engineer make?Estimated Yearly Salary: 24,204,334 ISK
Estimated Monthly Salary: 2,017,028 ISK
Estimated Weekly Salary: 465,468 ISK per week
Estimated Hourly Salary: 11,637 ISK per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 23,393,656 ISKEstimated Monthly Salary: 1,949,471 ISK
Estimated Weekly Salary: 449,878 ISK per week
Estimated Hourly Salary: 11,247 ISK per hour
Last revision of data: 2024-01-07Drilling Engineer estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 168,798 USD
Estimated Monthly Salary: 14,067 USD
Estimated Weekly Salary: 3,246 USD per week
Estimated Hourly Salary: 81 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
Please type in your occupation and select desired country to see latest trends in salaries.
Country:
Salary comparison to National average
Iceland, a Nordic island country located in the North Atlantic Ocean, is known for its stunning natural landscapes and unique geological features. With a population of approximately 366,000 people, Iceland is one of the least densely populated countries in Europe. The country covers an area of about 103,000 square kilometers, making it the 18th largest island in the world.
Estimated national average yearly salary is 8,949,782 ISK (68,220 USD). Value indicated is pre-tax. Below graph shows estimated Drilling Engineer job salary compared to average salary in Iceland.
Comparison shows that a person working as Drilling Engineer in Iceland earns on average:
2.7 times the average salary (or 270% of average salary).
Estimated national average yearly salary is 8,949,782 ISK (68,220 USD). Value indicated is pre-tax. Below graph shows estimated Drilling Engineer job salary compared to average salary in Iceland.
Comparison shows that a person working as Drilling Engineer in Iceland earns on average:
2.7 times the average salary (or 270% of average salary).
Is Drilling Engineer a well paid job?
Yes, our data show that Drilling 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 Drilling Engineer?
High salary for Drilling Engineer would be somewhere between 26,624,767 ISK and 35,096,284 ISK. However this is an estimation based on Gaussian Distribution.How much can you save working as Drilling Engineer in Iceland?
Living in Iceland the approximate monthly expenses are: 2,729 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: 24,204,334 ISK
Estimated Monthly Salary: 2,017,028 ISK
Estimated Weekly Salary: 465,468 ISK per week
Estimated Hourly Salary: 11,637 ISK per hour
By working as Drilling Engineer a person can save up to 11,338 USD per month or 136,052 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 Iceland, see costs of living in Iceland.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Norway, Faroe Islands, United Kingdom. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Drilling Engineer
Norway is 236,413 USD
United Kingdom is 111,622 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 Iceland
(101,519,791 ISK per year, pre-tax.)
2. Cardiologist
(84,892,494 ISK per year, pre-tax.)
(82,036,676 ISK per year, pre-tax.)
4. Neurosurgeon
(79,530,435 ISK per year, pre-tax.)
(79,217,486 ISK per year, pre-tax.)
(77,544,423 ISK per year, pre-tax.)
(77,443,218 ISK per year, pre-tax.)
(77,278,803 ISK per year, pre-tax.)
9. Oncologist
(77,260,671 ISK per year, pre-tax.)
(77,231,503 ISK per year, pre-tax.)
Data as of 2025Random salary:
Catering assistant (5,177,313 ISK per year, pre-tax.)
Stock clerk grocery store (4,854,825 ISK per year, pre-tax.)
Personal lines manager (insurance) (6,959,110 ISK per year, pre-tax.)
Animal care supervisor (4,922,380 ISK per year, pre-tax.)
Director of nurses (16,528,884 ISK per year, pre-tax.)
Feedback about these results
Please provide feedback by clicking buttons below if you find any of our salaries erroneous.
Link to this graph - use the following code to display the salary graph on your page:
<a href='https://optisalary.com/salary?country=iceland&job=drilling-engineer'><img src='https://optisalary.com/wp-content/graphs/salary/drilling-engineer-salary-in-iceland-2025.jpg' alt='drilling engineer salary in iceland 2025' title='drilling engineer salary in iceland 2025' /></a>
Please note:The salary estimates on optisalary.com are meant for reference purposes exclusively.
All salary data on this website are for informational purposes only. We compile data from various trusted sources, yet do not guarantee complete accuracy. Before making financial decisions, visitors should consult external verified sources. Salaries fluctuate due to various factors, including economic conditions, job market trends, and geographic location. We disclaim any liability for misrepresentations in the salary information provided here. Your engagement with this website indicates acceptance of this disclaimer.
optisalary.com provides salary data solely for informational purposes. While we endeavor for accuracy, we do not ensure the precision of all figures. Users must double-check salary details with official sources before making financial plans. Salary amounts may vary based on multiple elements, such as company size, negotiation tactics, and industry demand. We accept no responsibility for misinterpretations in the salary estimates provided. By using optisalary.com, you acknowledge that salary data is not absolute.