Oil Well Driller salary in Iceland

Average Yearly Salary of Oil Well Driller in Iceland is approximately 7,605,190 ISK (53,124 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 Oil Well Driller do?

An oil well driller is a skilled professional responsible for drilling and maintaining oil wells. They operate and monitor drilling equipment, ensuring the safe and efficient extraction of oil from the ground. Oil well drillers are involved in the entire drilling process, from planning and setting up drilling sites to operating drilling machinery and monitoring drilling progress. They work closely with geologists and engineers to ensure that drilling operations are carried out according to specifications and safety standards. Additionally, they conduct regular maintenance and repairs on drilling equipment, troubleshoot any operational issues, and implement safety protocols to prevent accidents.

Skills: Oil well driller, Drilling equipment operator, Oil extraction specialist, Well drilling technician, Oil drilling operations, Safety protocols implementation.
Job industry: Oil and gas extraction

How much does Oil Well Driller make?

Difference in salary year over year or average salary increase is approximately 4 %


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Salary comparison to National average

Is Oil Well Driller a well paid job?

Yes, our data show that Oil Well Driller is an averagely well paid job that still allows for some yearly savings. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Oil Well Driller?

High salary for Oil Well Driller would be somewhere between 8,365,709 ISK and 11,027,526 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Oil Well Driller 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: 7,605,190 ISK
Estimated Monthly Salary: 633,766 ISK
Estimated Weekly Salary: 146,254 ISK per week
Estimated Hourly Salary: 3,656 ISK per hour
By working as Oil Well Driller a person can save up to 1,698 USD per month or 20,378 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 Oil Well Driller

Last revision of data: 2025-01-04

Salary 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 increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

Top 10 highest salaries in Iceland

Data as of 2025

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