Industry Overview
The Oil & Gas sector is amongst the 8 core industries driving economic growth in India and plays a crucial role in the country’s economic growth. India is one of the fastest-growing major economies in the world and the 3rd largest energy and oil consumer in the world, after US and China.
Oil & Gas occupies approximately 35% share in India’s energy consumption. Although there is an increased focus on gas and renewables, demand for oil has always been on the rise, and is estimated to grow at least until 2040
Key trends, development, driver within the sector
In India, the sector is of strategic importance because of direct impact of oil prices on the economy and hence its impact on the citizens of the country. Various factors that may lead to higher demand of labour force, skilled and unskilled, in near future are as follows:
- New Retail Outlets
- International Requirement
- Discovery of new Oil & Gas reserves
- Expanding Refinery Industry
- Pradhan Mantri Ujjwala Yojana
- Expanding Intra & International Pipeline Network
- Focus on City Gas Distribution (CGD) Infrastructure
- Liquid Natural Gas (LNG) Re-gasification
Opportunities for Students & Trained Technicians
Immediate Opportunities
Students are being trained for the urgent need of technicians for:
- City Gas Distribution work which has started at 137 Districts in India
- Operation and Maintenance of Cross-country pipelines
Opportunities for Students in Oil and Gas Sector
Technicians are required across Oil and Gas value chain for:
- Exploration, Development, Production, Operation & Maintenance
- Refinery, Petrochemical plant and Process plants construction, commissioning, Operation & Maintenance
- Cross-country Pipelines, Terminals, Port Facilities, City Gas distribution, Retail Outlets (Transport Fuels e.g. Petrol, Diesel, CNG, etc.), Industrial Supply lines
Entry Level Vacancies will be Available in:
- Private Oil & Gas Companies
- Distribution Companies
- EPC Companies
- PMC Companies
- Service Providers
- Survey & Audit Companies
- OEM Suppliers
Manpower Overview
It’s an established fact now that skilled certified manpower demand and supply gap is steadily and continuously increasing since the year 2010. Earnest & Young recent study suggests that the industry is likely to require around 25,000 additional trained manpower in the next five years due to business growth and retirement or attrition in the sector due to the following key reasons:
- Around 50% of current employees have more than 20 years of experience, and the majority is due to retire in the next 5–10 years. Very few competitive Govt. approved and Industry recognized Skill development institutes available in India producing trained quality manpower.
- Converting the above threat into opportunity in mind, IESD (an approved training Institute under NSDC) follows a demand-led training approach to ensure the demand of the required job role exists in the market, offering gainful employment opportunities. A Govt and recognized certified candidate stands a better and fair chance of getting a job after successful completion of the offered Certification training program.
- In addition, to facilitate placement linkages, IESD has a dedicated placement cell that closely works with a network of 100+ national placement partners, across sectors and locations, on an ongoing basis for possible placement of candidates.