Useful Courses And Lucrative Career Options In The Oil And Gas Industry
Is a career in the oil and gas industry a good choice?
The oil and gas industry is a booming industrial sector all over the world, where huge amounts of revenue are generated. Thus, the largest oil-producing countries are counted among the richest nations of the world. There are companies directly involved with the production of natural oil and gas, known as upstream companies or E&P, which means exploration and production. Midstream companies are associated with the transportation of extracted oil and gas from production sites to refineries. Downstream companies are those managing oil refineries, where different by products are also obtained while purifying natural oil and gas. People interested in oil and gas industry careers need to know all details about these companies.
Why should you choose the oil and gas industry as a career option?
As the oil and gas industry has the topmost financial momentum now, many young men and women feel interested in jobs at various positions in this sector. There are many reasons for which eligible people are lured to join this industry.
- Lucrative salary – Normally, oil and gas companies offer very high salaries to all their employees. The salary ranges in this industry are much higher than all other industrial sectors. However, the salaries are offered according to the educational qualifications and experience levels of candidates applying for jobs in this industry.
- Possibility of traveling – As there is a global demand for professionals experienced in oil and gas industry, they can travel to different countries for job purposes. The scope of extensive traveling is more for people skilled in offshore activities of the oil and gas industry, like drilling and extraction of oil.
- Learning new technology – Various tools are needed for different functions in the oil and gas industry. Thus, professionals associated with this sector can learn about all the latest technologies applied for manufacturing equipment used in this industry. They can update their knowledge and relevant skills through the regular training provided by their employers.
- Availability of many jobs – Several companies are now operating in different countries in the oil and gas industry. Thus, job seekers in this field can find a number of job offers from different companies before even completing their PG course in this subject. They can choose between office jobs and offshore works, as per their interests and specializations at the MBA level.
- Flexible working schedule – People engaged in office jobs need to work for normal office hours even in the oil and gas industry. However, professionals associated with offshore jobs work for 12 hours or even more at a stretch, for which they can take a long break. If they need to work for a week continuously, they are allowed a break of 7 days after this tedious task.
- Scope of honing skills – Some specific skills are in high demand in the oil and gas industry, which help experts in bagging lucrative jobs in this sector. The management of oil and gas exploration, refinery management, management of material operations, and petroleum-related finance are the skills that trained professionals can hone while working in this field. They can also improve their communication skills, analytical skills, and capabilities of management.
Who should do the oil and gas management course?
Though there different types of job openings available in the oil and gas industry, people interested in this sector should study oil and gas courses from renowned institutions. Any enthusiastic person highly interested in the oil and gas industry can join the oil and gas management course. However, the student needs to achieve at least 50% aggregate marks in the Bachelor’s degree examination, to gain admission in the course of MBA in Oil and Gas Management. Some MBA colleges also ask for a minimum working experience of 2 years in this field. Applicants also need to clear any MBA entrance exam, like CAT, GMAT, CMAT, and MAT, to study the MBA course in oil and gas management.
What are courses available in oil and gas management?
- MBA or Master of Business Administration in Oil and Gas Management is the most popular postgraduate course that graduate students prefer to study for entering the oil and gas industry. People completing an MBA with this specialization can expect lucrative job offers from various global companies operating in this industrial sector.
- M.Sc. or Master of Science in Oil and Gas Management is another postgraduate course offered by many reputed universities.
- B.Sc. or Bachelor of Science is the undergraduate course for science students, where Oil and Gas Management can be taken up as the Honors subject. Students completing this course can get the scopes of studying MBA or M.Sc. in this subject.
- BBA or Bachelor of Business Administration in Petro Marketing is another undergraduate course that students can pursue to take up suitable oil and gas industry careers.
- A postgraduate diploma in Oil and Gas Management is a cheaper course that graduate students can pursue to bag jobs in this sector.
- A postgraduate certificate in Oil and Gas Management is another popular diploma course for mediocre students, who are interested to join this sector.
- Doctor of Philosophy in Fuel Cells is a doctoral course in oil and gas management, which only meritorious students can pursue who have achieved a postgraduate degree in this subject. This is the highest level among all oil and gas programs that students can study to join this industrial sector.
Eligibility criteria for joining oil and gas management courses
UG courses eligibility – Like all other undergraduate courses, students need to clear their 12th standard board exams to study UG courses in Oil and Gas Management. They should pass Higher Secondary or equivalent examinations from any recognized board, to be eligible for these undergraduate courses. Many educational institutions demand at least 50% marks in both 10th and 12th grade examinations for students seeking admissions to study these courses. Students may also need to qualify in the entrance examinations conducted by some colleges.
PG courses eligibility – Students seeking admissions in postgraduate courses of oil and gas management need to achieve a Bachelor’s degree from any recognized university. The requirement of the minimum percentage of marks obtained in the graduation level differs from one institution to another. However, most colleges demand at least 50% marks in the graduation mark sheet of students, as well as 50% marks in their 10th and 12th grade examinations. Generally, students passing B.E., B.Tech, or B.Sc. are allowed to study oil and gas courses, as the knowledge of science is essential here.
What are career options in the oil and gas industry?
- Mining engineer – The job profile for this position includes the development of oil and gas mines. This person ensures the safety of workers within the mines and also above the ground. He needs to assess the effect of mines on the surrounding environment and check whether the means adopted for mining are environment-friendly. Since this is a managerial position, job candidates are expected to have managerial skills along with technical knowledge.
- Petroleum engineer – This job role mainly deals with the production of natural oil and gas from the mines. This person is responsible for the assessment of oil reservoirs, to find out whether mining there will result in satisfactory business profits for the oil company. Moreover, he needs to chalk out the best mining plan for the extraction of required materials, which will be most profitable for the company, as well as the safest and easiest for mine workers.
- Hydrographic surveyor – This job includes the collection of scientific details and mapping of all the underground water bodies close to a mine. This job function is more important where oceans, rivers, or lakes are nearby a mining spot. This person also conducts marine research to know the water currents of oceans and also evaluate the effects of mining on marine life. He also makes assessments of the climatic change that may occur due to mining and industrialization at a certain place.
- Engineering geologist – This person is responsible for technically analyzing the groundwater, soil, rocks, and other aspects of the ground of a mining site. He should be educated in engineering geology, as this qualification is significant from other engineering streams. He supervises the sites by using his wide knowledge in geological science, to help in planning or designing constructions or mining in proposed sites. Thus, it is possible to avoid all hazards that may occur due to changes in landforms.
- Energy engineer – This person has obtained certification in energy engineering and he is responsible for the development of an effective solution to reduce energy consumption. He conducts extensive research before designing green solutions for constructions and mining, to minimize ill effects on the environment. He is also knowledgeable in the technologies involved in the production of wind and solar energies. Thus, he can suggest the best ways of managing energy consumption.
- Wellsite geologist – This job role involves tracking operations down in the well from where natural oil or gas needs to be extracted. He collects samples from the well and analyzes them, to find the working condition there. Thus, he can advise people working in the well, regarding their safety features and how to avoid health hazards. So this person is responsible to a large extent for the safety and good health of mine workers. So a degree in geology and experience in the oil and gas industry is considered as eligibility criteria for this job.
- Geochemist – This professional is an expert in physical and inorganic chemistry, as this knowledge is needed for evaluating the number of chemicals present in rocks and soil. He checks samples of minerals and gases, to find out all chemical elements present there. So he needs to visit mining sites to collect these samples. He uses various software tools and the latest equipment, like electron microprobes, spectrometers, and powerful microscopes for data analysis. He coordinates with petroleum managers, geologists, and mine managers, to perform his job smoothly.
- Mine maintenance manager – This person is responsible for maintaining the standard of mining activities, including the safety features of workers. He takes care of the regular maintenance of all mining tools, including electric shovels and haul trucks, to ensure the best productivity of the company. He is also responsible for developing the budget for maintenance work and planning in mines. So people need to have a Bachelor’s degree in Metallurgy or Engineering degree in a similar stream, to bag this job.
- Geoscientist – This job role is the focus on the earth’s geological system, identifying the presence of minerals, natural oil, gases, and water in the ground. Thus, this person can detect exploitable resources that can be extracted from the depth of the soil, for the commercial benefits of oil and gas companies. He prepares reports based on geological maps, to present before clients and mine workers. This job title can be further classified into specific titles, like geophysicist, geochemist, hydrogeologist, sedimentologist, and geologist, based on their special job profiles.
- Oil field sales – Sales professionals in the oil and gas industry need to have a great deal of technical knowledge in mining. Since they need to sell mining tools to client companies, they should know all about the operative modes of those equipments. These sales professionals can later shift to the positions of Operation Managers, due to their extensive product knowledge and concrete idea about designing and developing those products.
As lots of young men and women are interested in starting their careers in the oil and gas industry, they should know how to make a start for achieving this goal. They need to join oil and gas programs offered by reputed educational institutions, which are recognized worldwide. They should choose the definite streams that they want to join, according to their skills and interests. Trained professionals can expect plenty of job opportunities from renowned brands in the oil and gas sector. They can boost their careers by joining these companies, where huge professional growth can be achieved by all competent employees. Therefore, interested people should join suitable study programs, to avail of the facilities offered to professionals involved in the oil and gas industry.