Im considering doing a degree in it, however im aware that there is sceptism as to how long the oil industry will survive
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Is Petroleum Engineering Dying? watch
- Thread Starter
- 16-09-2016 18:21
- 16-09-2016 18:29
Well, oil will run out one day. In the North Sea there might be 30-40-50 years left of the industry, but there are plenty of places around the world which aren't in decline yet.
If you decide to get into the industry just now be aware that it's at its lowest point for many years, with many redundancies, so there will be a lot of competition for jobs.
- 16-09-2016 18:31
Maybe doing a chemical engineering degree would be better, if you're worried. That would still be fine for a job in the chemeng industry, but is broader. The majority of the content will probably overlap between chemeng and petroleum engineering.
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- TSR Support Team
- 16-09-2016 21:02
Therefore, many companies are simply not recruiting at the moment, and competition for jobs is extremely high.
Although, that said, competition for actual petroleum/reservoir engineering jobs was still quite high at the graduate/entry level even when oil was high and companies were recruiting, because such positions made up only a very small amount of the overall pool of jobs in the industry.
Things might be different by the time you graduate, or they might not. If I knew exactly, I could be a very rich man. A safer options is to do a degree in a more traditional discipline, like civil/chemical/electrical/mechanical, and see where things are when you graduate.