“Career in Oil and Gas for Aspiring Petroleum Engineers in Current Scenario Discussions at MIT, Pune 23 rd February 2016 Career in Oil and Gas for Aspiring Petroleum Engineers in Current Scenario Baljit Singh Vice President (Operations), Jubilant Energy Maharashtra Institute of Technology (MIT), Pune Discussion with SPE Chapter Members 23 rd February 2016
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“Career in Oil and Gas for Aspiring Petroleum Engineers in Current ScenarioDiscussions at MIT, Pune23rd February 2016
Career in Oil and Gas for Aspiring Petroleum Engineers in Current Scenario
Baljit Singh Vice President (Operations), Jubilant Energy
Maharashtra Institute of Technology (MIT), PuneDiscussion with SPE Chapter Members
23rd February 2016
Career in Oil and Gas for Aspiring Petroleum Engineers in Current Scenario
Baljit Singh Vice President (Operations), Jubilant Energy
Disclaimer *******The opinions expressed and shared in this presentation are entirely my own. They should not be seen as reflecting the views of my current or previous employers
or as having been authorized or approved by anyone other than myself. *******
2“Career in Oil and Gas for Aspiring Petroleum Engineers in Current ScenarioDiscussions at MIT, Pune23rd February 2016
Safety Moment
“Career in Oil and Gas for Aspiring Petroleum Engineers in Current ScenarioDiscussions at MIT, Pune23rd February 2016
2“Career in Oil and Gas for Aspiring Petroleum Engineers in Current ScenarioDiscussions at MIT, Pune23rd February 2016
2
Ongoing and Next Frontier
“Career in Oil and Gas for Aspiring Petroleum Engineers in Current ScenarioDiscussions at MIT, Pune23rd February 2016
Energy Security
“Career in Oil and Gas for Aspiring Petroleum Engineers in Current ScenarioDiscussions at MIT, Pune23rd February 2016
“Career in Oil and Gas for Aspiring Petroleum Engineers in Current ScenarioDiscussions at MIT, Pune23rd February 2016
“Career in Oil and Gas for Aspiring Petroleum Engineers in Current ScenarioDiscussions at MIT, Pune23rd February 2016
Ongoing and Future
“Career in Oil and Gas for Aspiring Petroleum Engineers in Current ScenarioDiscussions at MIT, Pune23rd February 2016
Ongoing and Future
$1.8B $3.8B+!
2003 – 2019?
INR 1500 Cr. ??
“Career in Oil and Gas for Aspiring Petroleum Engineers in Current ScenarioDiscussions at MIT, Pune23rd February 2016
Ongoing
$1.8B $3.8B+!
2003 – 2019?
“Career in Oil and Gas for Aspiring Petroleum Engineers in Current ScenarioDiscussions at MIT, Pune23rd February 2016
Natural Gas and India
“Career in Oil and Gas for Aspiring Petroleum Engineers in Current ScenarioDiscussions at MIT, Pune23rd February 2016
“Career in Oil and Gas for Aspiring Petroleum Engineers in Current ScenarioDiscussions at MIT, Pune23rd February 2016
“Career in Oil and Gas for Aspiring Petroleum Engineers in Current ScenarioDiscussions at MIT, Pune23rd February 2016
Challenges
• No more “easy oil”• NOCs control global reserves• Poor public image• Rising costs, equipment shortages• Workforce shortages
“Career in Oil and Gas for Aspiring Petroleum Engineers in Current ScenarioDiscussions at MIT, Pune23rd February 2016
Operator Tendencies
$
“Career in Oil and Gas for Aspiring Petroleum Engineers in Current ScenarioDiscussions at MIT, Pune23rd February 2016
Issues and Challenges
“Career in Oil and Gas for Aspiring Petroleum Engineers in Current ScenarioDiscussions at MIT, Pune23rd February 2016
Projects
Large ProjectsSubsea Tiebacks
New Technologies
Oil WellsOil Wells
“Career in Oil and Gas for Aspiring Petroleum Engineers in Current ScenarioDiscussions at MIT, Pune23rd February 2016
Project Planning
“Career in Oil and Gas for Aspiring Petroleum Engineers in Current ScenarioDiscussions at MIT, Pune23rd February 2016
Project Planning
“Career in Oil and Gas for Aspiring Petroleum Engineers in Current ScenarioDiscussions at MIT, Pune23rd February 2016
Ultra Deepwater Project
“Career in Oil and Gas for Aspiring Petroleum Engineers in Current ScenarioDiscussions at MIT, Pune23rd February 2016
Deepwater Project Schedule
“Career in Oil and Gas for Aspiring Petroleum Engineers in Current ScenarioDiscussions at MIT, Pune23rd February 2016
CAPEX Estimates
“Career in Oil and Gas for Aspiring Petroleum Engineers in Current ScenarioDiscussions at MIT, Pune23rd February 2016
Exposure
“Career in Oil and Gas for Aspiring Petroleum Engineers in Current ScenarioDiscussions at MIT, Pune23rd February 2016
Dual Gradient Drilling
New “System and Crews”
“Career in Oil and Gas for Aspiring Petroleum Engineers in Current ScenarioDiscussions at MIT, Pune23rd February 2016
Service Companies M&A
“Career in Oil and Gas for Aspiring Petroleum Engineers in Current ScenarioDiscussions at MIT, Pune23rd February 2016
Your Target
“Career in Oil and Gas for Aspiring Petroleum Engineers in Current ScenarioDiscussions at MIT, Pune23rd February 2016
Energy Trilemma Indices
“Career in Oil and Gas for Aspiring Petroleum Engineers in Current ScenarioDiscussions at MIT, Pune23rd February 2016
Energy Security
Energy Equity
Environmental Sustainability
Energy Trilemma Indices
“Career in Oil and Gas for Aspiring Petroleum Engineers in Current ScenarioDiscussions at MIT, Pune23rd February 2016
Indian Future
“Career in Oil and Gas for Aspiring Petroleum Engineers in Current ScenarioDiscussions at MIT, Pune23rd February 2016
What you should prepare for• Description
– 10 - 12 well subsea tieback– 54 mile tieback to shallow water– 7,000 ft water depth
• SOW (FEED)– Field layout & pipeline routing– Subsea architecture evaluation– Subsea flow metering– Pipeline construction evaluation– Preliminary design
• Flowlines• Manifolds• Trees• Controls• Umbilical
– Thermohydraulic analysis• Transient• Steady state
– Hydrate prevention / remediation• Methanol delivery and regeneration system
“Career in Oil and Gas for Aspiring Petroleum Engineers in Current ScenarioDiscussions at MIT, Pune23rd February 2016
Technology Future
“Career in Oil and Gas for Aspiring Petroleum Engineers in Current ScenarioDiscussions at MIT, Pune23rd February 2016
“Career in Oil and Gas for Aspiring Petroleum Engineers in Current ScenarioDiscussions at MIT, Pune23rd February 2016
Energy Security
“Career in Oil and Gas for Aspiring Petroleum Engineers in Current ScenarioDiscussions at MIT, Pune23rd February 2016
Issues and Challenges
• Changing geo-political dynamics in the oil industry.
• Scope of US in Indian natural gas evolvement.
• What is optimum for Indian entities?• How do we develop skill sets for the
next generation“Career in Oil and Gas for Aspiring Petroleum Engineers in Current ScenarioDiscussions at MIT, Pune23rd February 2016
Workforce Tendencies and Implications
• Cyclic industry hiring• Imminent retirements• Competition with other industries • Perception of career insecurity • Low student enrollments • Rebuilding university programs• Industry Involvement
“Career in Oil and Gas for Aspiring Petroleum Engineers in Current ScenarioDiscussions at MIT, Pune23rd February 2016
Which is the Best University?
http://www.bloomberg.com/graphics/2016-job-skills-report/
“Career in Oil and Gas for Aspiring Petroleum Engineers in Current ScenarioDiscussions at MIT, Pune23rd February 2016
The University
“Career in Oil and Gas for Aspiring Petroleum Engineers in Current ScenarioDiscussions at MIT, Pune23rd February 2016
Skill Requirements
“Career in Oil and Gas for Aspiring Petroleum Engineers in Current ScenarioDiscussions at MIT, Pune23rd February 2016
Vision
“Career in Oil and Gas for Aspiring Petroleum Engineers in Current ScenarioDiscussions at MIT, Pune23rd February 2016
What should you do
• Work Very Smart and Very.. Hard• Take “Courses” and More• Target Companies and Network• Network• Keep All Options Open
“Career in Oil and Gas for Aspiring Petroleum Engineers in Current ScenarioDiscussions at MIT, Pune23rd February 2016
What should you do
Never become “Desperate”
“Career in Oil and Gas for Aspiring Petroleum Engineers in Current ScenarioDiscussions at MIT, Pune23rd February 2016
It will become easier
“Career in Oil and Gas for Aspiring Petroleum Engineers in Current ScenarioDiscussions at MIT, Pune23rd February 2016
Values
“Career in Oil and Gas for Aspiring Petroleum Engineers in Current ScenarioDiscussions at MIT, Pune23rd February 2016
Be the Best You Can….
“Career in Oil and Gas for Aspiring Petroleum Engineers in Current ScenarioDiscussions at MIT, Pune23rd February 2016
What keeps E&P Executives Awake at Night
Macondo 2010
Mumbai High North2005
“Career in Oil and Gas for Aspiring Petroleum Engineers in Current ScenarioDiscussions at MIT, Pune23rd February 2016
Thank You
“Career in Oil and Gas for Aspiring Petroleum Engineers in Current ScenarioDiscussions at MIT, Pune23rd February 2016
“Career in Oil and Gas for Aspiring Petroleum Engineers in Current ScenarioDiscussions at MIT, Pune23rd February 2016
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