Instagram Stories slider with Swiper

#TakeCharge with #Aimshala

Home>Explore Career>Oil and Gas Procurement Specialist

How make a career in Oil and Gas Procurement Specialist

A career as an Oil and Gas Procurement Specialist offers a unique opportunity to play a critical role in the supply chain of the oil and gas industry. This position involves sourcing and purchasing equipment, materials, and services necessary for oil and gas operations. To embark on this career path, individuals typically need a strong academic background in business, supply chain management, or a related field. A bachelor's degree is essential, with many professionals pursuing additional certifications in procurement or supply chain management. Gaining practical experience through internships or entry-level positions in procurement or supply chain roles enhances employability. Networking with industry professionals and staying updated with market trends and procurement technologies are also crucial. With a blend of education, experience, and a keen understanding of the oil and gas sector, one can build a rewarding career in procurement.

Career in Oil and Gas Procurement Specialist

Typically, a bachelor's degree in business, supply chain management, or a related field is required, with certifications in procurement often preferred.

Key skills include negotiation, analytical thinking, communication, and knowledge of procurement software, which are vital for effective purchasing and supplier management.

Procurement Specialists often work in office settings, but may also visit supplier facilities or work sites, requiring a mix of desk work and field visits.

Salaries vary widely based on experience, education, and location, with entry-level positions starting around $60,000 and experienced professionals earning over $120,000 annually.

Related careers include Supply Chain Manager, Contract Manager, and Logistics Coordinator, each focusing on different aspects of procurement and supply chain management.

What are the roles and responsibilities in Oil and Gas Procurement Specialist?

  • Supplier Sourcing : Oil and Gas Procurement Specialists identify and evaluate potential suppliers to ensure high-quality materials and services.
  • Negotiating Contracts : They negotiate terms and conditions with suppliers to obtain favorable pricing and delivery schedules.
  • Purchase Order Management : Specialists manage purchase orders and ensure timely delivery of goods and services needed for operations.
  • Market Analysis : They analyze market trends and supplier performance to make informed purchasing decisions.
  • Collaboration with Internal Teams : Procurement Specialists work closely with engineering, operations, and finance teams to align procurement strategies with organizational goals.

What education is required to study Oil and Gas Procurement Specialist

Check out the dates of the total number of candidates who have appeared in the CUET 2022 exam from the below table.

Stream

Graduation

After Graduation

After Post Graduation

Path 1

Completion of high school with a focus on mathematics, economics, and business studies.

Bachelor of Business Administration or Supply Chain Management.

Master's degree in Business Administration with a focus on Supply Chain Management.

Certifications such as Certified Supply Chain Professional (CSCP) or Certified Purchasing Professional (CPP).

Path 2

Completion of high school with emphasis on vocational training in business or logistics.

Bachelor's degree in Logistics or Business Management.

Master's degree in Logistics or Procurement Management.

Certifications in specialized procurement practices or supply chain management.

Feeling unsure about
your future?

Let's find the perfect career path for you!
with AI-powered career guidance

Take Charge

What are the key skills required for Oil and Gas Procurement Specialist

  • Negotiation Skills - These skills are crucial for securing favorable terms and pricing with suppliers.
  • Analytical Skills - Strong analytical skills are necessary for evaluating supplier performance and market trends.
  • Communication Skills - Effective communication is vital for collaborating with suppliers and internal teams.
  • Technical Skills - Proficiency with procurement software and tools is important for managing purchasing processes.
  • Project Management Skills - Managing procurement projects efficiently, including timelines and budgets, is key to successful outcomes.

What are the career opportunities in Oil and Gas Procurement Specialist?

  • Supply Chain Manager - Supply Chain Managers oversee the entire supply chain process, ensuring efficiency and cost-effectiveness.
  • Contract Manager - Contract Managers focus on drafting, negotiating, and managing contracts with suppliers and vendors.
  • Logistics Coordinator - Logistics Coordinators manage the flow of goods and services, ensuring timely delivery to operational sites.
  • Procurement Analyst - Procurement Analysts assess procurement data and market trends to optimize purchasing strategies.
  • Vendor Relationship Manager - Vendor Relationship Managers cultivate and maintain relationships with suppliers to ensure quality and reliability.

What is the salary and demand for Oil and Gas Procurement Specialist?

  • Salary Overview - The typical salary for Oil and Gas Procurement Specialists ranges from $60,000 for entry-level positions to over $120,000 for experienced professionals, with variations based on education and location.
  • Regional Salary Variations - Salaries can vary significantly by region; for example, Procurement Specialists in major oil-producing regions may earn more than those in less active areas.
  • Current Job Market Demand - The demand for Oil and Gas Procurement Specialists is growing due to the need for efficient supply chain management in the energy sector.
  • Future Demand Projections - Future demand for Procurement Specialists is expected to rise as the oil and gas industry continues to evolve and focus on cost efficiency.

Leading companies for careers in Oil and Gas Procurement Specialist

ExxonMobil

Chevron

BP

Shell

TotalEnergies

ConocoPhillips

Halliburton

Schlumberger

What are the best colleges for Oil and Gas Procurement Specialist in India?

Undergraduate

College

Location

Website

Indian Institute of Technology (IIT)

Various Locations

 https://www.iit.edu

National Institute of Industrial Engineering

Mumbai

 https://www.nitie.edu

Indian Institute of Management (IIM)

Various Locations

 https://www.iim.edu

Indian School of Business (ISB)

Hyderabad

 https://www.isb.edu

Institute of Management Technology (IMT)

Ghaziabad

 https://www.imt.edu

Postgraduate

College

Location

Website

Indian Institute of Management (IIM)

Various Locations

 https://www.iim.edu

National Institute of Industrial Engineering

Mumbai

 https://www.nitie.edu

Indian School of Business (ISB)

Hyderabad

 https://www.isb.edu

Institute of Management Technology (IMT)

Ghaziabad

 https://www.imt.edu

Tata Institute of Social Sciences (TISS)

Mumbai

 https://www.tiss.edu

What are the best colleges for Oil and Gas Procurement Specialist in Abroad?

College

Location

Website

Massachusetts Institute of Technology (MIT)

Cambridge, Massachusetts, USA

 https://www.mit.edu

Harvard University

Cambridge, Massachusetts, USA

 https://www.harvard.edu

Stanford University

Stanford, California, USA

 https://www.stanford.edu

University of Cambridge

Cambridge, United Kingdom

 https://www.cam.ac.uk

University of California, Berkeley

Berkeley, California, USA

 https://www.berkeley.edu

What are the top entrance exams in India for pursuing a career in Oil and Gas Procurement Specialist

College

Tentative Date

UG/PG

Important Elements

Website

Indian Institute of Management (IIM)

November

Postgraduate

Quantitative Ability, Verbal Ability, and Logical Reasoning.

 https://www.iim.edu

National Institute of Industrial Engineering

January

Postgraduate

Quantitative Methods, Operations Research, and General Knowledge.

 https://www.nitie.edu

Indian School of Business (ISB)

February

Postgraduate

Quantitative Ability, Data Interpretation, and English Proficiency.

 https://www.isb.edu

Institute of Management Technology (IMT)

April

Postgraduate

General Knowledge, Verbal Ability, and Quantitative Aptitude.

 https://www.imt.edu

Tata Institute of Social Sciences (TISS)

December

Postgraduate

General Knowledge, Social Awareness, and English Proficiency.

 https://www.tiss.edu

Pros & Cons of a Career in Oil and Gas Procurement Specialist

Pros

  • Oil and Gas Procurement Specialists play a vital role in ensuring efficient operations, making their work impactful and rewarding.
  • The field offers competitive salaries, especially for those with advanced degrees and specialized skills.
  • Professionals in this field contribute to the overall efficiency and sustainability of the oil and gas supply chain.
  • The career provides opportunities for continuous learning and advancement in a dynamic and evolving industry.

Cons

  • The job can be demanding with long hours, especially during critical procurement periods or project deadlines.
  • Some roles may require extensive travel to supplier facilities or operational sites, which can be challenging.
  • Market fluctuations can lead to job instability or uncertainties in procurement budgets.
  • The work can sometimes involve high-pressure situations, especially in negotiations and contract management.

Did you find this information helpful? 

Report

0 out of 0 found this helpful

Is (Career Name) a Good Career Choice for You?

Assess Your Career Fit Now

Take Charge

Is (Career Name) a Good Career Choice for You?

Assess Your Career Fit Now

Take Charge