Tips for getting hired

Top Companies

• Indian Oil Corporation
• IBP Co. Limited
• Lubricants India
• Oil Gas India
• Petrosil Group
• Shiv-Vani Universal
• ONGC
• Bharat Petroleum
• Reliance Petroleum Limited
• Essar Oil Limited
• Gas Authority of India
• Hindustan Petroleum Corporation
• Aban
• Oil India Limited
• Tata Petrodyne
• Bongaigaon Refinery
• Gas Projects (India) Private Limited
• Hindustan Oil Exploration Company Limited
• India LPG
• Kochi Refineries Limited

Tips for getting hired

An international career is much attractive and young engineers willing to explore can work in global oil companies and get international exposure; however, here are few things which can help in building a successful career:

• Excellent academic record in BTech in Petroleum Engineering is a must.

Market Watch

Demand and Supply

The expanding demand for petroleum products would require exploitation of oil reservoirs which consequently would need trained petroleum engineers. Currently, there is big mismatch in the demand and supply of trained petroleum engineers in India. When Indian oil companies are going overseas and setting up oil producing units, jobs in petroleum sector are bound to increase. Moreover, India is new in imparting training skills in petroleum engineering to its youths. More than India, it is MNCs from overseas who hire Indian petroleum engineers for their various projects.

Market Watch

Despite the fact that oil fields and reservoirs are diminishing, the consumption of oil is increasing rapidly. According to Exxon Mobile sources, global liquid fuels consumption rose to approximately 85 million barrels per day in the first half of 2010. It is more than 1 million barrels per day higher than the first half of 2009.  There would be jobs coming up in the US oil companies but not in the US, in gulf countries and other parts of Central Asia.

Jobs in Russian petroleum firms would be coming up in a big way as the country is trying to exploit its huge oil reservoirs to sell out its petroleum products. Moreover, attractive job options would be available to young petroleum engineers once production starts at Krishna-Godavari basin in India. Companies involved in oil extraction hire Indian petroleum engineers for they work at lower salaries than engineers from other countries.

Job Prospects - Petroleum Engineering

Funding and Scholarship

Despite high costs, courses in petroleum engineering attract lots of bright students. Students can get education loans from various nationalised banks or private banks which are being made available at low interest rates. Scholarships are available for meritorious students, particularly for those who excel in entrance exams. Oil and Natural Gas Corporation Limited (ONGC) scholarships are offered to SC/ST students who want to do research in engineering.

Bharat Petroleum Corporation Ltd offers attractive scholarships for engineering students interested in doing research in petroleum energy. Indian Oil Corporation under its corporate social responsibility offers 100 scholarships to engineering students wherein students can avail Rs 2000 per month for four years bachelor degree.

Job Prospects

Career prospects are quite attractive in petroleum sector as petroleum companies have great influence and offer attractive salaries to employees. The demand for petroleum and petroleum products is only expected to increase and the increase would lead to creation of new jobs. In fact, there is great demand of efficient petroleum engineers and almost every young graduate in petroleum engineering gets a job offer from petrol and gas companies from India and overseas.

Career in Petroleum Engineering

The petroleum Engineering is divided into two parts.

Upstream Sector

The upstream sector consists of activities like exploration, production and exploitation of oil and natural gases. After gaining a qualification in petroleum engineering, the engineers work in the exploration and production activities of petroleum and other related products. Using the latest drilling technology and geophysics for the exploration of oil reservoirs, they exploit the same for maximum output.

Downstream Sector

The downstream sector consist activities such as the refining, marketing and distributing of petroleum products. Production is not the only work carried out in a petroleum company and the job of petroleum engineer does not get over as the oil is produced, rather, it starts at this stage. Refining process is crucial for an oil product as then only it can be used. Marketing and distributing department may require a petroleum engineer to have some management degree.