Petroleum Engineering Survey 2023

25%

6%

20%

10%

15%

17%

25%

21%

10%

14%

67%

19%

13%

5%

7%

Defined contribution Final salary

1%

0%

None Other

Already Retired

0-5

6-10 11-15 16-20 21-25

26+

Figure 19. Pension

Figure 20. Respondents Projected Years Until Retire- ment

Age was marked as the most common reason for retirement.

To Pursue a Passion 5%

Career Dissatisfaction 5%

89%

Age 64%

of surveyed retirees remain active within the industry, and all retired individuals express a desire to stay informed in the field.

Technology Advancements 16%

Change in Life Circumstances 5%

Work-Life Balance 5%

Figure 21. Reason For Retirement

19

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