Average Reservoir Engineer Salary in Guinea-Bissau for 2024

In this article, we will look at the average Reservoir Engineer salary for 2024 in Guinea-Bissau and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the West African CFA franc. To keep things simple, we are using the XOF currency code instead of the currency symbol Fr.

How Much Does a Reservoir Engineer Make in Guinea-Bissau?

A Reservoir Engineer working in Guinea-Bissau will typically earn around 3,335,900 XOF per year, and this can range from the lowest average salary of about 1,570,900 XOF to the highest average salary of 5,267,700 XOF.

Average Annual Salary
3,335,900 XOF
Average Monthly Salary
277,991 XOF

Lowest Annual Salary
1,570,900 XOF
Lowest Monthly Salary
130,908 XOF

Highest Annual Salary
5,267,700 XOF
Highest Monthly Salary
438,975 XOF

These are average salaries for a Reservoir Engineer in Guinea-Bissau and include benefits such as housing and transport. It's also possible for a Reservoir Engineer to earn more or less than the average salaries shown above.

Reservoir Engineer salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Reservoir Engineer Salaries in Guinea-Bissau

So we've looked at the average salaries a Reservoir Engineer will earn in Guinea-Bissau. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Reservoir Engineer can earn between 1,570,900 XOF and 5,267,700 XOF on average in Guinea-Bissau. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for a Reservoir Engineer in Guinea-Bissau is 3,529,600 XOF. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 3,529,600 XOF, and 50% of the population earn more than 3,529,600 XOF.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Reservoir Engineer salary in Guinea-Bissau, 25% of the population are earning less than 2,290,300 XOF while 75% of the population earn more than 2,290,300 XOF.

75% of the population earn less than 4,667,500 XOF, and 25% of the population earn more than 4,667,500 XOF.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

The difference between a median and an average salary

The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.

  • If your salary is higher than the average and the median salary, you are earning well compared to others.
  • If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
  • If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.

Reservoir Engineer Salary by Experience Level in Guinea-Bissau

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average reservoir engineer salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

  • 0 - 2 Years Experience. A Reservoir Engineer in Guinea-Bissau that has less than two years of experience can expect to earn somewhere in the region of 1,811,000 XOF.
  • 2 - 5 Years Experience. With two to five years of experience the average Reservoir Engineer salary would increase to 2,495,600 XOF.
  • 5 - 10 Years Experience. From five to ten years of experience as a Reservoir Engineer, the average salary would be 3,553,500 XOF.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 4,320,200 XOF.
  • 15 - 20 Years Experience. A Reservoir Engineer with 15 to 20 years of experience can earn an average of 4,558,700 XOF.
  • 20+ Years Experience. For a Reservoir Engineer with more than 20 years, the expected average salary increases to 4,966,200 XOF.

Average Salary by Experience Chart

0-2 Years
1,811,000 XOF
2-5 Years +38%
2,495,600 XOF
5-10 Years +42%
3,553,500 XOF
10-15 Years +22%
4,320,200 XOF
15-20 Years +6%
4,558,700 XOF
20+ Years +9%
4,966,200 XOF

Reservoir Engineer Salary by Education Level in Guinea-Bissau

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for a Reservoir Engineer in Guinea-Bissau based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • Bachelor's Degree. A Reservoir Engineer in Guinea-Bissau with a bachelor's degree education can earn an average salary of 2,495,600 XOF.

  • Master's Degree. A Reservoir Engineer in Guinea-Bissau with a master's degree education can earn an average salary of 4,558,700 XOF.

Average Salary by Education Chart

Bachelor's Degree
2,495,600 XOF
Master's Degree +83%
4,558,700 XOF

How Much is a Master's Degree or MBA Program?

The approximate cost of a master's degree or post-graduate program like an MBA in Guinea-Bissau is around 1,710,000 to 5,120,000 XOF and takes two years to complete.

As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.

It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.

Reservoir Engineer Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In Guinea-Bissau, a male reservoir engineer will earn an average of 3,577,600 XOF, while a female reservoir engineer will earn around 3,144,700 XOF.

This means that a male reservoir engineer earns approximately 14% more than a female reservoir engineer for performing the same job.

Average Salary by Gender Chart in Guinea-Bissau

Male
3,577,600 XOF
Female -14%
3,144,700 XOF

Reservoir Engineer Average Pay Raise in Guinea-Bissau

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for a Reservoir Engineer in Guinea-Bissau is around 8% every 27 months.

The national average pay raise across all professions and industries in Guinea-Bissau is around 5% every 28 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 8 ÷ 27 ) × 12  = 4%

What this means is that a Reservoir Engineer in Guinea-Bissau can expect to receive an average pay raise of around 4% every 12 months.

Annual Pay Raise by Industry in Guinea-Bissau for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in Guinea-Bissau.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Banking
2%
Energy
4%
Information Technology
6%
Healthcare
8%
Travel
1%
Construction
3%
Education
5%

Reservoir Engineer Bonus and Incentive Rates in Guinea-Bissau

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

A Reservoir Engineer is a low bonus based job, with 15% of employees reporting at least one bonus in the last 12 months.

85% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 0% to 4%.

Received Bonus
15%
No Bonus
85%

What are the Types of Bonus?

There are a number of difference types of bonus you can receive in a job. Including:

  • Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
  • Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
  • Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
  • Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in Guinea-Bissau earn approximately 18% more than private sector employees in the same role.

Public Sector
4,345,400 XOF
Private Sector -18%
3,685,200 XOF

Salaries for Jobs Similar to a Reservoir Engineer

In the table below, we have salary information for jobs that are similar to a Reservoir Engineer in Guinea-Bissau.

Job Title Category Salary
Assistant Yard Manager Oil / Gas / Energy / Mining 3,335,900 XOF
Associate Analyst Oil / Gas / Energy / Mining 3,934,900 XOF
Associate Landman Oil / Gas / Energy / Mining 1,655,500 XOF
Auxiliary Equipment Operator Oil / Gas / Energy / Mining 1,487,200 XOF
Biomass Plant Technician Oil / Gas / Energy / Mining 1,835,700 XOF
Biomass Power Plant Manager Oil / Gas / Energy / Mining 5,221,800 XOF
Chemical Plant Operator Oil / Gas / Energy / Mining 2,794,600 XOF
Chief Contract Compliance Engineer Oil / Gas / Energy / Mining 3,564,300 XOF
Completions Engineer Oil / Gas / Energy / Mining 3,359,900 XOF
Cost Controller Oil / Gas / Energy / Mining 2,566,100 XOF
Cost Engineer Oil / Gas / Energy / Mining 3,432,600 XOF
Crude Oil Marketing Representative Oil / Gas / Energy / Mining 3,875,100 XOF
Dispatcher Oil / Gas / Energy / Mining 1,500,800 XOF
Distribution Manager Oil / Gas / Energy / Mining 5,183,700 XOF
Dragline Operator Oil / Gas / Energy / Mining 1,655,500 XOF
Driller Offsider Oil / Gas / Energy / Mining 1,320,500 XOF
Dump Truck Driver Oil / Gas / Energy / Mining 1,369,700 XOF
Electric and Gas Operations Manager Oil / Gas / Energy / Mining 8,434,700 XOF
Energy Advisor Oil / Gas / Energy / Mining 5,507,100 XOF
Energy Analyst Oil / Gas / Energy / Mining 4,956,800 XOF
Energy Auditor Oil / Gas / Energy / Mining 4,332,900 XOF
Energy Dispatch Director Oil / Gas / Energy / Mining 6,300,400 XOF
Energy Technical Assistant Oil / Gas / Energy / Mining 2,230,100 XOF
Energy Technical Manager Oil / Gas / Energy / Mining 4,235,500 XOF
Energy Technical Support Manager Oil / Gas / Energy / Mining 4,429,300 XOF
Energy Technical Trainer Oil / Gas / Energy / Mining 3,108,200 XOF
Engineering Geologist Oil / Gas / Energy / Mining 6,577,500 XOF
Exploration Manager Oil / Gas / Energy / Mining 6,347,100 XOF
Field Safety Auditor Oil / Gas / Energy / Mining 4,211,600 XOF
Fluids Engineer Oil / Gas / Energy / Mining 3,601,500 XOF
Fuel Cell Engineer Oil / Gas / Energy / Mining 3,769,500 XOF
Fuel Cell Technician Oil / Gas / Energy / Mining 1,777,700 XOF
Fuels Handler Oil / Gas / Energy / Mining 1,678,300 XOF
Gas Compressor Operator Oil / Gas / Energy / Mining 1,632,100 XOF
Gas Distribution Plant Operator Oil / Gas / Energy / Mining 2,998,500 XOF
Gas Supply Manager Oil / Gas / Energy / Mining 5,423,100 XOF
Geologist Oil / Gas / Energy / Mining 6,371,500 XOF
Geophysicist Oil / Gas / Energy / Mining 6,564,600 XOF
Geothermal Production Manager Oil / Gas / Energy / Mining 6,322,500 XOF
Geothermal Technician Oil / Gas / Energy / Mining 2,566,100 XOF
HSE Engineer Oil / Gas / Energy / Mining 3,685,200 XOF
HSE Officer Oil / Gas / Energy / Mining 2,221,600 XOF
HSE Supervisor Oil / Gas / Energy / Mining 2,605,500 XOF
HSEQ Administrator Oil / Gas / Energy / Mining 2,435,600 XOF
Inspector Oil / Gas / Energy / Mining 3,299,800 XOF
Instructor Oil / Gas / Energy / Mining 2,928,100 XOF
Instrument Designer Oil / Gas / Energy / Mining 2,711,900 XOF
Lead Technical Field Advisor Oil / Gas / Energy / Mining 4,465,800 XOF
Logistics and Tool Coordinator Oil / Gas / Energy / Mining 3,035,200 XOF
Maintenance Engineer Oil / Gas / Energy / Mining 3,733,300 XOF
Maintenance Superintendent Oil / Gas / Energy / Mining 3,156,400 XOF
Material Controller Oil / Gas / Energy / Mining 2,339,200 XOF
Mine Engineer Oil / Gas / Energy / Mining 3,395,900 XOF
Mine Surveyor Oil / Gas / Energy / Mining 3,840,400 XOF
Mining Project Administrator Oil / Gas / Energy / Mining 3,239,400 XOF
Mining Project Assistant Oil / Gas / Energy / Mining 2,519,500 XOF
Mining Project Controls Consultant Oil / Gas / Energy / Mining 3,946,200 XOF
Mining Project Coordinator Oil / Gas / Energy / Mining 3,299,800 XOF
Mining Project Engineer Oil / Gas / Energy / Mining 3,503,800 XOF
Mining Project Manager Oil / Gas / Energy / Mining 4,537,100 XOF
Mining Site Manager Oil / Gas / Energy / Mining 4,919,600 XOF
Mining Team Leader Oil / Gas / Energy / Mining 3,970,700 XOF
NDT Technician Oil / Gas / Energy / Mining 2,161,200 XOF
Oil Service Unit Operator Oil / Gas / Energy / Mining 1,825,000 XOF
Oil Trader Oil / Gas / Energy / Mining 4,822,700 XOF
Oilwell Pumper Oil / Gas / Energy / Mining 1,306,100 XOF
Petroleum Engineer Oil / Gas / Energy / Mining 4,224,200 XOF
Petroleum Geologist Oil / Gas / Energy / Mining 6,216,700 XOF
Petroleum Pump System Operator Oil / Gas / Energy / Mining 1,942,700 XOF
Petroleum Technician Oil / Gas / Energy / Mining 2,086,500 XOF
Pipeline Technician Oil / Gas / Energy / Mining 1,320,500 XOF
Power Coordinator Oil / Gas / Energy / Mining 2,290,300 XOF
Power Plant Operations Manager Oil / Gas / Energy / Mining 6,660,500 XOF
Power Plant Operator Oil / Gas / Energy / Mining 2,794,600 XOF
Radio Operator Oil / Gas / Energy / Mining 1,594,500 XOF
Reliability Engineer Oil / Gas / Energy / Mining 3,503,800 XOF
Risk Analyst Oil / Gas / Energy / Mining 4,475,900 XOF
Roughneck Oil / Gas / Energy / Mining 3,610,800 XOF
Scaffolder Oil / Gas / Energy / Mining 2,339,200 XOF
Shutdown Engineer Oil / Gas / Energy / Mining 2,914,600 XOF
Solar Energy Installation Manager Oil / Gas / Energy / Mining 5,434,400 XOF
Solar Energy Systems Engineer Oil / Gas / Energy / Mining 3,805,100 XOF
Solar Photovoltaic Installer Oil / Gas / Energy / Mining 2,374,400 XOF
Solar Thermal Technician Oil / Gas / Energy / Mining 2,242,500 XOF
Supply Operations Manager Oil / Gas / Energy / Mining 5,998,900 XOF
Sustainability Specialist Oil / Gas / Energy / Mining 5,724,700 XOF
System Development Advisor Oil / Gas / Energy / Mining 4,152,200 XOF
Tanker Truck Driver Oil / Gas / Energy / Mining 1,450,700 XOF
Utility Operator Oil / Gas / Energy / Mining 1,908,800 XOF
Wind Energy Project Manager Oil / Gas / Energy / Mining 4,943,500 XOF

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