Job prospects Subsea Engineer in Newfoundland and Labrador

Explore current and future job prospects for people working as a "subsea engineer" in Newfoundland and Labrador or across Canada.

Job opportunities in Newfoundland and Labrador

These outlooks were updated on November 29, 2023.

Prospects over the next 3 years

The employment outlook will be moderate for Petroleum engineers (NOC 21332) in Newfoundland and Labrador for the 2023-2025 period.

The following factors contributed to this outlook:

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

Offshore oil and gas companies and firms that provide service to the industry are the main source of employment for this occupation. Given the specific post-secondary requirements associated with this occupation, the pool of candidates vying for openings would likely be relatively small.

Here are some key facts about Petroleum engineers in Newfoundland and Labrador:

• Approximately 550 people work in this occupation.
• Petroleum engineers mainly work in the following sectors:
  • Oil and gas extraction (NAICS 211): 56%
  • Architectural, engineering and design services (NAICS 5413): 20%
  • Support activities for mining, quarrying, and oil and gas extraction (NAICS 213): 18%
• The distribution of full-time and part-time workers in this occupation is:
  • Full-time workers: 93% compared to 83% for all occupations
  • Part-time workers: 7% compared to 17% for all occupations
• 74% of petroleum engineers work all year, while 26% work only part of the year, compared to 56% and 43% respectively among all occupations. Those who worked only part of the year did so for an average of 46 weeks compared to 40 weeks for all occupations.
• Less than 5% of petroleum engineers are self-employed compared to an average of 8% for all occupations.
• The gender distribution of people in this occupation is:
  • Men: 74% compared to 51% for all occupations
  • Women: 26% compared to 49% for all occupations
• The educational attainment of workers in this occupation is:
  • no high school diploma: n/a
  • high school diploma or equivalent: n/a
  • apprenticeship or trades certificate or diploma: n/a
  • college certificate or diploma or university certificate below bachelor's: n/a
  • bachelor's degree: 76% compared to 14% for all occupations
  • university certificate, degree or diploma above bachelor level: 22% compared to 7% for all occupations

Breakdown by region

Explore job prospects in Newfoundland and Labrador by economic region.

Source Labour Market Information | Prospects Methodology