India Upstream Petrotechnical Training Services Market


Posted September 28, 2020 by pallavivn

India Upstream Petrotechnical Training Services Market was valued US$ XX Mn in 2018 and is expected to reach US$ XX Mn by 2026, at CAGR of XX% during forecast period of 2019 to 2026.

 
India Upstream Petrotechnical Training Services Market was valued US$ XX Mn in 2018 and is expected to reach US$ XX Mn by 2026, at CAGR of XX% during forecast period of 2019 to 2026.

India Upstream Petrotechnical Training Services Market Drivers and Restrains:
The Indian petrochemical sector is one of the core industries in India and has very significant size in global economy. Survey informed a substantial supply and demand gap in the skills in India. Upstream petrotechnical training services that helps to improve productivity of the petrotechnical industry. The training services create growth opportunities that increase knowledge, develop skills, and enrich the organization.

The India upstream petrotechnical training services markets are driven by the growth of unconventional oil and gas activity and an evolving resource base, the industry has witnessed increasing capital investments toward oil and gas exploration and production. Presence of strict government rules and compliances about the safety of individuals in these industries is expected to impel the market growth over the upcoming period. However, increasing cost of training expenditure resulting in lower return on investments for organizations in an already competitive market and High levels of resources required for e-learning services, which are hampering the market growth at the global level.

The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.

HR Issues in Upstream Oil and Gas Industry of India: Some Reflections

Ashutosh Muduli
DM Pestonjee

ABSTRACT

The Indian oil and gas sector is one of the six core industries in India and has very significant forward linkages with
the entire economy. Against a backdrop of rising demand locally as well as globally and intention of the government
to actively explore further, a boom is expected in the Indian Exploration & Production sector. Further,
Globalization leading to mergers and acquisitions, technological advancement, frontier and new production
development, changing demographics and regulatory requirements all challenge the upstream petroleum industry-
more specifically the ability of the industry to attract and retain a skilled workforce. Survey reported a substantial

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supply and demand gap in the skills in India. The gap on account of demand-supply mismatch may get further
aggravated by the exodus of these critical skills from the domestic industry on account of international
requirements. With this backdrop in mind, this paper aims at exploring the HRM challenges in the Upstream oil and
gas industry. Attempt is also made to suggest solutions to the problems. The HRM challenges are explored through
the key characteristics of the Industry such as Cyclical nature, Restructuring, Regulatory processes, Industry cycle
stage and Workplace skills. For example, Continuous restructuring in response to competitive pressures and
commodity price fluctuations will have long term impact on attracting and retaining skilled workers. The new
entrants to the job market may frequently see the oil and gas business as one that does not offer long-term career
stability and growth. This affects industry’s ability to attract and retain top-flight people. Regulatory processes also
influence the business development and, therefore, employment opportunities. The Industry life cycle can also affect
the HRM practices. For example, HR strategies at the beginning of the life cycle are managed differently from mature regions. Finally, the paper suggested some action points for the government, the organizations and the education sector.

India Upstream Petrotechnical Training Services Market Segmentation Analysis:
Based on training mode, the India Upstream Petrotechnical Training Services market is segmented into operational and domain training. Domain training held the highest market share in 2018 owing to the oil and gas companies' necessity to provide employee training to improve their skills. Furthermore, technological advancement in the petrotechnical industry increases the demand for training to accept new procedures. Domain training is again segmented into geology & geophysics, petrophysics, geomechanics, field operations & management, reservoir engineering, drilling engineering, production engineering, economics & finance, surface facilities design and engineering. Operational training segment is expected to grow at the highest CAGR of XX% over the upcoming period due to the need for training is continuous with regulations and protocols put in place regularly to monitor illegal business activities, the safety of workers, and environment safety measures. Operational training is again segmented into information management, health, safety, and environment (HSE).





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Last Updated September 28, 2020