Job prospects Petroleum Engineer in the Wood Buffalo–Cold Lake Region

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Explore current and future job prospects for people working as "Petroleum engineers" in the Wood Buffalo–Cold Lake Region or across Canada.

Current and future job prospects

These outlooks were updated on November 29^th, 2023. Learn more about outlooks.

Recent trends from the past 3 years

Balanced

Over the past few years (2021-2023), the labour market was balanced for Petroleum engineers in the Wood Buffalo–Cold Lake Region. The number of job openings was about the same as the number of workers available in this occupation.

Source Labour Market Information | Recent Trends Assessment Methodology

Job outlook over the next 3 years

Moderate

The employment outlook will be moderate for Petroleum engineers (NOC 21332) in the Wood Buffalo - Cold Lake region for the 2023-2025 period.

The following factors contributed to this outlook:

Employment growth will lead to a few new positions.
Not many positions will become available due to retirements.
There are a small number of unemployed workers with recent experience in this occupation.

Here are some key facts about Petroleum engineers in the Wood Buffalo - Cold Lake region:

Approximately 120 people worked in this occupation in May 2021.
Petroleum engineers mainly work in the following sectors:
- Oil and gas extraction (NAICS 211, 213): more than 95%

Source Labour Market Information | Prospects Methodology