Petroleum engineering is a field of engineering concerned with the activities related to the production of Hydrocarbons, which can be either crude oil or natural gas.

Summary:

Petroleum Engineering is the platform to gain or share knowledge in the new technological developments in the field of chemical engineering. This conference brings together professors, researchers, scientists and practitioners in all the areas of Petroleum Engineering, oil and gas engineering services which provides an international forum for the spreading of approved research results, new ideas, and practical developments. We are honored to invite you all to attend and register for the upcoming Petroleum Engineering conferences (Petroleum Engineering)”.The organizing committee is gearing up for an exciting and informative conference program including plenary lectures, symposia, workshops on a variety of topics, poster presentations and various programs for participants from all over the world. We invite you to join us at the Petroleum Engineering, where you will be sure to have a meaningful experience with scholars from around the world. All members of the Petroleum Engineering organizing committee look forward to meeting you in upcoming conferences.

Importance & Scope:

Petroleum engineering is a field of engineering concerned with the activities related to the production of hydrocarbons, which can be either crude oil or natural gas. Exploration and Production are deemed to fall within the upstream sector of the oil and gas industry. Exploration, by earth scientists, and petroleum engineering are the oil and gas industry's two main subsurface disciplines, which focus on maximizing economic recovery of hydrocarbons from subsurface reservoirs. Petroleum geology and geophysics focus on the provision of a static description of the hydrocarbon reservoir rock, while petroleum engineering focuses on estimation of the recoverable volume of this resource using a detailed understanding of the physical behavior of oil, water, and gas within porous rock at very high pressure.

The combined efforts of geologists and petroleum engineers throughout the life of a hydrocarbon accumulation determine the way in which a reservoir is developed and depleted, and usually, they have the highest impact on field economics. Petroleum engineering requires a good knowledge of many other related disciplines, such as geophysics, petroleum geology, formation evaluation (well logging), drilling, economics, reservoir simulation, reservoir engineering, well engineering, artificial lift systems, completions and oil, and gas facilities engineering.

Recruitment to the industry has historically been from the disciplines of physics, chemical engineering, and mining engineering. Subsequent development training has usually been done within oil companies.

A glance at a market of petroleum industry:

Global oil and gas production has increased over the last five years, from 81.15 Million barrels per day in 2009, to 88.67 Million barrels per day b 2014. This has led to the supply for oil & gas exceeding its demand which has ultimately caused a decline in the prices of crude oil during the last six months of 2022. Consequently, the oil and gas operators have reduced their capital expenditure outlook for 2022 citing concerns over low profit margins. This reduction has mainly impacted the upstream exploration and production (E&P) activities. However, the declining production from onshore oilfields in countries such as Russia, the U.K. and India among others has resulted in higher demand for exploring new offshore reserves. Drill pipe which are used to support drilling and exploration activities are expected to grow at a CAGR of 3.8% to reach USD 1,133.8 Million by 2020 from USD 940.62 Million in 2015. In this report, 2014 is considered as the base year and 2020 is considered as the forecast year. The report covers the grade of drill pipe as well as the application segments.

The oil & gas market is expected to grow from an estimated USD 3.22 Billion in 2016 to USD 4.54 Billion by 2021, registering a CAGR of 6.9% from 2016 to 2021. The global market is witnessing significant growth on account of the decline in natural gas prices, an increase in electricity demand, and low emission levels of the gas & oil compared to other fossil fuels. Increasing investments in distributed power generation are also expected to drive the demand for oil & gas across the globe.