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Sunday, August 17, 2014

Petroleum Engineering - Scopes & Future

From an Indian student's perspective:

Scope-wise, I must admit, it’s quite narrow…. only the petroleum industry (unless, he diversifies into IT/MBA/Civil Service etc.) In India, currently there are a number of institutes offering B.E./B.Tech in Petroleum Engineering; but no. of jobs for fresher’s seems to be not enough. For first few months after graduation, sometimes, a fresher may have to do some job hunting. Jobs for Indians outside India like in the middle-east or far-east is actually very good. However, everywhere, they want relevant experiences of 7+ years; almost rare to zero scopes for a fresher.

However, once ice-broken into the Petroleum Industry, one can have a wide range of options from drilling to production to reservoir to facilities.  He/she do faces competitions from candidates of other disciplines like mechanical, civil, chemical etc especially in drilling, production and facilities. However, as Petroleum Engineers are especially trained for the oil industry itself, it is easy to excel. One can command a highly paid, technically satisfying career in the industry.

Future-wise, I do not see any threat in the foreseeable future. As long as petroleum is not significantly replaced by other sources of energy, petroleum engineers will be in demand. Rather, as natural resources shrinks and demands expands, I foresee demands growing exponentially --- more so for expertise in areas like EOR, maginal fields and unconventional reserves.

In conclusion, I strongly recommend one to pursue petroleum engineer as a career.

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