The Petroleum Industry has a ever increasing demand for professionals who are not only efficient in their knowledge about the industry but also is familiar with necessary traits of marketing and management related fields. Petroleum management is basically born out of a mixture of studies of Petroleum Industry and Business Management. It looks at the potent Petroleum Industry with the perspective of Business Management, and works for optimum profit oriented end.
Petroleum Industry as a career choice has itself taken a new turn, due to the venture of many Private authorities which have gained control over the Petroleum sector of the economy. Hence, with this the prospect of recruiting highly skilled Petroleum Management professional has increased many fold. And there becomes important the MBA specialization in Petroleum Management.
MBA in Petroleum Management offers a management degree in Petroleum Management, which is a two-year post graduate degree program. Almost all the Institutes offer a full time degree course of a duration of 2 years.
Although the basic subjects and topics taught in Petroleum Management is similar to all the MBA courses, but at the same time, this program specialize in a few topics which are exclusive to Petroleum Management. They are:
Basics of Business Management Studies
Marketing of Petroleum Oil Lubricants
Health, safety and Environment Management
After pursuing an MBA in Petroleum Management, the students will be eligible and recruited as per that into the various Petroleum sector, and into industries and firms owned by Government or Private companies, both in India and abroad. Some of the known recruiters of Petroleum Management professionals are:
Indian Oil Corporation Ltd.
Bharat Petroleum Corporation Ltd.
Larsen and Toubro Ltd
Infraline Energy Research and Information Services
Adani Power Limited
Not all Management Institutes specialize in Petroleum Management and there are only a few of them in India. They are:
Pandit Deendayal Petroleum University: School of Petroleum Management
Rajiv Gandhi Institute of Petroleum Technology
CSIR-Indian Institute of Petroleum
Gujarat Energy Research and Management Institute (GERMI)