Career Prospects
Employment of petroleum engineers is projected to grow a minimum of 10 percent from 2014 to 2024, faster than the average for all occupations, in engineering and others. Oil and natural gas prices will be a major determinant of employment growth. As many petroleum engineers work in oil and gas extraction, any changes in oil prices will likely affect employment levels of petrochemical engineers.
Inflation in prices can cause oil and gas companies to drill in deeper waters and in less hospitable environments and return to existing wells to experiment new extraction methods. Oil drilling operations will likely become more complex in the upcoming future and will require more engineers to work on each drilling operation. Demand for petroleum engineers in support activities for mining will slowly climb, as oil and gas companies find it convenient and cost-effective to seek their services when the need arises.
There are various industries that offer a potential career for Diploma Petrochemical engineers. A few of them are: