Jobs in Oil, Gas, Power, Energy
Among the six core industries in India are the oil, gas, power, and energy sector. With energy and fuel being the driving force of the modern world, this sector plays a major role in influencing decision making for all the other important sectors of the economy. India’s oil consumption has grown by 8.3% every year, reaching a peak of 212.7 million tonnes in 2016. The global growth, on the other hand, was less than a fraction of that at 1.5%, thereby making it the third-largest oil consuming nation in the world.
India is the one of the largest importer of Liquefied Natural Gas (LNG). LNG imports in India account for 5.8% of the total global trade. This number would only grow as estimates suggest that the domestic LNG demand could grow at a compound annual growth rate (CAGR) of 16.89% to 306.54 Million Metric Standard Cubic Meter Per Day (MMSCMD) by 2021 from 64 MMSCMD in 2015. State-run oil firms, however, are planning investments worth INR 723 crore (US$ 111.30 million) in Uttar Pradesh to reduce the country’s import dependency and improve their existing liquefied petroleum gas (LPG) infrastructure. According to the Minister of Petroleum and Natural Gas, Government of India, this is being done in an attempt to promote clean energy and generate more job opportunities.
State-owned Oil and Natural Gas Corporation (ONGC) plans to increase crude oil production in the country by 4 million tons. Plans are also in place to double the natural gas production by 2020 to curb the country’s import dependency by up to 10%. The Ministry of Petroleum and Natural Gas also plans to invest INR 7,000 crore (US$ 1.10 billion) to set up several bio-compressed natural gas (CNG) plants and supporting infrastructure. The country’s oil demand is expected to grow at a CAGR of 3.8%. It will be reaching 458 million tons of Oil Equivalent by 2040 with the demand for energy looking to double around the same time. With the world's largest oil exporter, Saudi Aramco, planning to invest in refineries and petrochemicals in India, jobs in oil, gas, power, and energy would be in greater demand than ever.
With the prospects of a thriving future, there are a number of well-paying jobs in oil, gas, power, and energy. In 2016-17, Bengaluru offered the highest annual CTC to a senior technical engineer – INR 23.31 lac per annum, a mid-level engineer – INR 13.07 lac per annum, and a junior engineer – INR 5.38 lac per annum. A senior quality assurance manager made INR 28.75 lac per annum in Bengaluru while a junior one made INR 5.11 lac per annum in Pune. A mid-level plant manager made INR 12.74 lac per annum in NCR while a junior made INR 5.81 lac per annum in Bengaluru.
With personalized attention given to each candidate and years of recruitment consulting experience, Randstad offers the best placement services for jobs in oil, gas, power, and energy. We facilitate the process of finding the right job for you, the ones that you’ve always dreamed of.
Source: Randstad Salary Trends