A huge captive demand for energy, excellent policy initiatives
like the New Exploration Licensing Policy (NELP) by the
Government of India, some world class discoveries in the
Krishna-Godavari (KG) basin, Rajasthan, etc. and globalization
of the Indian corporate sector, have all provided a fillip to
the Indian Oil & Gas sector. NELP VI, awarded in March 2007, is
expected to bring in investment of USD 8-10 billion. NELP VII is
expected to offer 70-80 blocks (compared to 55 in NELP VI) and
hence similar, if not additional, investment is expected.
With 26 sedimentary basins in an area of 3.14 million square kms.
and prognosticated reserves of 28 billion tonnes of oil
equivalent of gas, India is relatively unexplored with only 18%
of area extensively explored (Source: DGH).
While these are some clear indicators of the growth potential
for this sector, the latest PwC-Petrofed report also projects a
huge shortage of skilled manpower and professionals in the
Indian Oil & Gas industry, which will hit about 30,000 by the
year 2012. Remuneration packages in the Oil & Gas industry are
also set to rise. Employment opportunities are vast and exist in
the following types of organisations:
- Private & Public Sector Oil Companies
- Foreign Oil Companies
- Technical Service Providers
- Tertiary Sector (Insurance, Information Technology, Banking, Business Advisory & Consulting)
- Associated Industries – Petrochemical, Paints & Dyes
- Overseas (Middle East, South East Asia, China, Russia, CIS Countries)
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College of Engineering Studies |
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College of Management & Economics Studies |
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