“Petroleum engineering combines innovation, exploration, and expansion,” says Implementation Reservoir Engineer Nicholas Staviski, Class of ’19, as he describes petroleum engineering.
In essence, petroleum engineering is a branch of engineering concerned with the activities related to hydrocarbons production. A hydrocarbon is an organic compound consisting of carbon (C) and hydrogen (H) elements. Some common hydrocarbons that we use in our daily lives include fuels, such as natural gas, acetylene, methane, ethane, propane, butane, and significant components of diesel fuel, heating oil, and gasoline. You can find many of these hydrocarbons in plants, animals, and fossils, while others are prepared in laboratories.
Fundamentally, petroleum engineering evaluates, develops, and produces oil and gas fields. Petroleum engineers analyze subsurface structures with geological and geophysical methods to find hydrocarbons. In addition, petroleum engineers analyze exploration data and simulation of reservoir behavior with the help of supercomputers and new technologies.
Petroleum engineers aim to maximize hydrocarbons recovery from deposits below the Earth’s surface at minimum costs for the nation’s energy needs. They also find new ways to extract oil and gas from older wells. With all, we will discuss the top five reasons that might convince you to opt for M Tech in petroleum engineering.
Top reasons to pursue M Tech in petroleum engineering
- One of the biggest industries worldwide
The oil and gas industry is one of the biggest industries on this globe. According to Fortune Business Insights, the oil and gas EPC market size is expected to increase from US$ 49.58 billion in 2022 to US$ 80.77 billion in 2029 at a CAGR of 7.2 percent between 2022 and 2029. Rising oil and gas exploration activities are projected to enhance the market’s footprint.
- Surplus job opportunities
One of the most convincing arguments for taking up an M Tech in petroleum engineering is the availability of job opportunities in considerable numbers. With M Tech in petroleum engineering degree, you can land several well-paying jobs, such as Drilling Engineer, Production Engineer, Chief Petroleum Engineer, Offshore Drilling Engineer, Data Scientist, and Reservoir Engineer.
- Financially rewarding
An M Tech in petroleum engineering degree promises a lucrative career in the field of engineering. According to Glassdoor, a Petroleum Engineer in India makes INR 10,67,132 per year. However, Petroleum Engineers can expect up to INR 42,00,000 per annum based on their experience, skills, and location.
- Opportunity to travel and work overseas
This branch of engineering provides you with opportunities to travel and work across the world. Petroleum engineers are expected to ensure the sustainability of resources while focusing on environment conservation for the future generation.
- Develops technical abilities
The benefits of M Tech in petroleum engineering do not end here. The profession helps you build technical skillsets besides acquiring in-depth petroleum engineering acumen. The degree allows you to thrive in the engineering field.
Upon completing the M Tech in petroleum engineering degree, you can work in three sectors: Private Sector, Public Sector, and Research Laboratories. Want to enroll in the M Tech in petroleum engineering program? You can explore top universities in Dehradun that offer accredited M Tech in petroleum engineering programs and promise placement upon course completion. Browse now!