career in oil and gas for current aspiring petroleum engineers in current scenarios 23.02.2016 mit

“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