Exploration, by earth scientists, and petroleum engineering are the oil and gas industry's two main subsurface disciplines, which focus on maximizing the economic recovery of hydrocarbons from subsurface reservoirs. Petroleum geology and geophysics focus on the provision of a static description of the hydrocarbon reservoir rock, while petroleum engineering focuses on estimation of the recoverable volume of this resource using a detailed understanding of the physical behavior of oil, water, and gas within porous rock at very high pressure.
The combined efforts of geologists and petroleum engineers throughout the life of a hydrocarbon accumulation determine the way in which a reservoir is developed and depleted, and usually, they have the highest impact on field economics. Petroleum engineering requires a good knowledge of many other related disciplines, such as geophysics, petroleum geology, formation evaluation (well logging), drilling, economics, reservoir simulation, reservoir engineering, well engineering, artificial lift systems, completions, and oil and gas facilities engineering.
Petroleum engineering is a field of engineering concerned with the activities related to the production of hydrocarbons, which can be either crude oil or natural gas. Exploration and Production are deemed to fall within the upstream sector of the oil and gas industry. Petroleum refers to crude oil and petroleum engineering is the set of activities related to the production and processing of various products such as gasoline, diesel, heating oil from crude oil. Petroleum engineers work with geologists to understand the geologic formation and properties of the rock containing the oil reservoir, determine the drilling methods to be used and monitor drilling and production operations. They design equipment and processes to achieve the maximum profitable recovery of oil and gas. Petroleum engineers rely heavily on computer models to simulate reservoir performance using different recovery techniques. Petroleum engineering requires a good knowledge of many other related disciplines, such as geophysics, petroleum geology, formation evaluation (well logging), drilling, economics, reservoir simulation, reservoir engineering, well engineering, artificial lift systems, completions, and oil and gas facilities engineering.
The organizations in which the graduates are absorbed are Reliance Industries Ltd., ONGC, Schlumberger, Shell, Oil India Limited, Gas Authority of India Ltd., Essar Oil, GSPC, Cairn Energy, Indian Oil Corporation Limited and Reliance Energy, Hindustan Petroleum. You can get a minimum salary package of 9-10 Lakh annually.