Petroleum Geologist salary in Iceland

Average Yearly Salary of Petroleum Geologist in Iceland is approximately 21,059,930 ISK (147,215 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 Petroleum Geologist do?

A petroleum geologist is a professional who specializes in the study of sedimentary rocks and their potential for containing oil and gas deposits. They are responsible for identifying areas with the highest likelihood of oil and gas accumulation, assessing the quality and quantity of these resources, and determining the most efficient methods for extraction. Petroleum geologists use various techniques such as seismic surveys, well logging, and core analysis to gather data on rock formations and reservoirs. They analyze this information to create detailed geological maps and models, helping oil and gas companies make informed decisions about exploration and production activities. Petroleum geologists also evaluate the economic viability of potential reserves and provide recommendations for drilling locations.

Skills: petroleum geologist, sedimentary rocks, oil and gas deposits, exploration, reservoir analysis, geological mapping
Job industry: Energy

How much does Petroleum Geologist make?

Difference in salary year over year or average salary increase is approximately 3 %


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Salary comparison to National average

Is Petroleum Geologist a well paid job?

Yes, our data show that Petroleum Geologist 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 Petroleum Geologist?

High salary for Petroleum Geologist would be somewhere between 23,165,923 ISK and 30,536,899 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Petroleum Geologist 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: 21,059,930 ISK
Estimated Monthly Salary: 1,754,994 ISK
Estimated Weekly Salary: 404,999 ISK per week
Estimated Hourly Salary: 10,125 ISK per hour
By working as Petroleum Geologist a person can save up to 9,539 USD per month or 114,469 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 Petroleum Geologist

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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