Introduction to the Oil and Gas Industry

Introduction to the Oil and Gas Industry

CTSI, September 12, 2013

The oil and gas industry, or commonly known as the offshore industry, is the world’s most in demand market. With the world consuming 30 billion barrels of oil per year, petroleum has become the most valuable commodity traded in the global markets.

Impact of the oil and gas industry

The leading governing bodies responsible for setting standards in this demanding industry are OPEC (Organization of the Petroleum Exporting Countries) and OAPEC (Organization of Arab Petroleum Exporting Countries). Such organizations are needed in setting policies on pricing, energy trades and other concerns so that control over this global power will be regulated.

Over the years, the oil and gas industry has proven itself in becoming the most important commodity. has control over financial and political powers, and can even become both an ally and threat to the environment. Oil has mostly directed the future of human civilization.

ctsi oil and gas industryOil industry workforce

In terms of dollar value, the exploration, refining, production, and distribution of petroleum is the world’s largest industry.  This is why many countries, companies and individuals take this path. To make sure that everyone who are involve in this industry are knowledgeable and competent, the OPITO (Offshore Petroleum Industry Training Organization) sets its standards.

The job  required for this industry includes production, drilling, rigging, surveying, piping, welding, diving, quality checks, as well as in health and safety.

The oil and gas industry demands long working hours that could last up to 12 hours a day. But the rewards that could get from this industry make up for the difficult conditions that workers are put under. This is why in order to ensure the safety and protection of oil rigs and the people working there, the industry requires individuals subjected to rigorous offshore safety training and environmental regulation education.

At present times, the petroleum industry serves as a major factor in our lives. It could be as a source of commodity, of financial struggle, of power control among countries, or of a risky career. If you want to be part of this elite yet hazardous industry, you must be fully-equipped with the knowledge and survival skills needed for it.

Do you think you’re up for it? Contact CTSI now!