Petroserv Oilfield Services Pvt. Ltd.
oil & gas company
Call us: +91- 81413 81001


After economic liberalization in 1990s, India witnessed an unforeseen economic growth, which was mainly driven by demographic changes, rapid industrialization and a robust, service-oriented business environment. Indian gross domestic production (GDP) enhanced more than 3.3 times from 2002 to 2012.
Subsequently, flourishing economy gave way to increase in the country’s energy demand which has risen by more than 70 per cent. With a humungous surge in automobiles, power and fertilizers, oil and gas (O&G) as a source of energy acknowledges more than 45 per cent of the country’s total energy consumption. As per the industry experts, India is on its way to become the third largest energy consumer in the world by 2020.
Over the last few years, Indian Government has also played a pivotal role in strengthening the core industrial sector. For instance, the introduction of the New Exploration Licensing Policy (NELP) was aimed at intensifying activities in O&G exploration, while the administration allowed 100 per cent foreign direct investment (FDI) in the sector.
India’s O&G sector is a promising one as there is a huge untapped potential basin while many large blocks offshore are unexplored. India’s total hydrocarbon reserves are projected to be around 2 billion metric tonne of Oil Equivalent (bmtoe). Also, the reserves-to-production ratio for the country works out to be 25 years with the current oil production level of around 815,000 barrels per day (bpd) and estimated reserves of 1.2 billion metric tonne (bmt). Analysts foresee a bright future for the gas sector as well wherein reserves-to-production ratio is over 30 years (the current production level being around 40 billion cubic metres [bcm] per annum on an estimated reserves base of around 1,500 bcm). Also the entire unconventional hydrocarbon resource such as CBM, Shale gas etc is still almost untapped.
The country’s energy demand is expected to reach more than double by 2035, from less than 700 million tonnes of oil equivalent (mtoe) currently, to around 1, 500 mtoe, according to the oil ministry. India is the world's fourth-largest petroleum consumer and Crude oil production, as indicated by the core sector index, accounts for over 5 per cent of India's index of industrial production (IIP).
Recently, the Cabinet Committee on Economic Affairs has agreed upon a gas pricing formula suggested by the C. Rangarajan panel. This would come into effect from April 2014 and is expected to offer the explorers nearly double the price for natural gas than what it is at present. This will certainly boost the indian non-conventional gas producers of the country to explore more.
Thus, there lies a great opportunity for international and domestic companies to participate in the industry’s growth and derive benefits out of it.
Therefore with such an enhanced activity, demand for the trained manpower has significantly increased. The greying field of country like India also contributes to the fact that to sustain the oil & Gas production many experienced & expertize hand is required. Hence :
  1. We would like to support the Oil Gas operators for their mid and senior management level people.
  2. Company plans to contract drilling & operating companies to provide technical manpower on long term contract which include crane operator, Assistant driller, Driller, mechanic, electrician etc.
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405, Imperial Heights
Akshar chowk, old padra road,
Vadodara, Gujarat, India
Pin - 390 012

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Phone: +91 - 81413 81001

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