Subhadeep Dev

How much can I earn in next five years as a Petroleum engineer?

Please provide me with the detailed answer

by Subhadeep Dev
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2 answers

RE: How much can I earn in next five years as a Petroleum engineer?

Deepti Sharma
Deepti Sharma
Verified Career Expert
Career Counselor & Volunteer at Manovikas Kendra
  • Hyderabad

Hi
Petroleum engineering is a branch of engineering that deals with the study of techniques and methods to extract petroleum and natural gas. It involves study of extraction, purification, manufacture and utilization of oil, gas, and liquefiable hydrocarbons.

Petroleum engineers focus on a wide range of projects and activities. Some focus on production challenges, identifying, testing, and implementing methods for improving oil and gas production.

Course details
Petroleum engineering courses include Reservoir Petrophysics, Petroleum Engineering Systems, and Physical Geology. A petroleum engineering program might include topics in Petroleum refining and petrochemicals, petroleum exploration and production and mechanical and petroleum science, Geostatistics, Well Performance, Reservoir Fluids, Petroleum Project Evaluation, Engineering Ethics, and Well Completion and Stimulation.

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.


As in every other industry, remuneration in petroleum engineering is determined according to the knowledge, skills, qualification, capabilities and experience of the candidate. Moreover, if the candidate is from top notch engineering college he may get a job which can pay salary between Rs 25,000 and Rs 30,000 per month. The salary increases with the experience 20-40 lacs pa.

Top companies hiring petroleum gradutes are:-

- 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

The following institutes offer academic qualification in petroleum engineering:

- Bharathisadan Institute of Engineering and Technology
- BR Ambedkar Technological University
- Indian School of Mines
- Maharashtra Institute of Technology
- Institute of Petroleum Studies and Chemical Engineering
- Nowrosjee Wadia College
- University of Petroleum Studies
- Institute of Cheminformatics Studies
- Dr. Harising Gour University


These institutes offer Btech-Mtech courses in Petroleum engineering.

All the best
Career counselor

RE: How much can I earn in next five years as a Petroleum engineer?

Rahul Shinde
Rahul Shinde
Verified Career Expert
Career Consultant at Pinnacle School of Business Management
  • Thane

Hi,


Greeting's for the day!!!

Despite the fact that petroleum engineering is an attractive and high paying career option, not much information is available on it. Typically, a petroleum engineering graduate is given the job to discover natural sources of oil and examine the same. Similarly, developing the latest machines and equipments which can be used in the extraction and processing of oil is part of the job of a petroleum engineer. Petroleum engineers have global career and are hired by global oil companies.

The petroleum engineering is divided into two parts:
1. Upstream Sector
2. Downstream Sector

1. 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 formaximum output.

2. Downstream Sector:
consist activities such as the refining, marketing and distrbuting of petroleum products. Production is not only the work carried out in a petroleum company and the job of petroleum engineers does not get over as the oil is produced, rather, it starts at this stage. Refinign process is crucial for and oil product as then only it can be used. Marketing and distrbuting department may require a petroleum engineer to have some management degrees.

Job Prospects:
Career prospects are quite ttractive 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, thre is great demand of efficient petroleum engineers and almost every young graduate in petroleum engineering get a job offer from petrol and gas companies from Indian and Overseas.

Whereas provate petroleum companies offer attarctive salaries to petroleum engineers, government sector oil companies are not far behind in terms of paying attractive salaries and bonuses to employees.

Pay Packet:
As in every other industry, remuneration in petroleum engineering is determined according to the knowledge, skills, qualification, capabilities and experience of the candidate. Moreover, if the candidate is from top notch engineering college he may get a job which can pay salarybetween Rs. 25,000 to Rs. 30,000 per month. Person with more than 5 Years of Work Experience can earn upto Rs. 50,000 to Rs. 60,000 per month.

Further doubts or queries feel free to contact.

--
Regards,
Rahul.

RE: How much can I earn in next five years as a Petroleum engineer?

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