As on date, only 30% of the sedimentary basins in India has been explored and there is still a vast potential in terms of acreages that are to be explored. The Government is committed to increase the exploration coverage to an extent of 100% by the year 2015.
In a recent study conducted by consultant Price Waterhouse Coopers for Petrofed, the gap between the availability and requirement of trained manpower in India is projected to be about 36000 by the year 2019 and the existing institutes may not be adequate to meet the increasing requirement of technical manpower in the petroleum sector. The proposed Rajiv Gandhi Institute of Petroleum Technology is expected to meet this shortfall to a significant extent.
The Institute will commence its academic operations by admitting students from the academic year 2008-09. To start with, there will be two undergraduate courses namely B. Tech. in Petroleum Production & Reservoir and B. Tech. in Petroleum Refining and one MBA course on Petroleum Management.
The institute will become fully operational in 2015-16. On its becoming fully operational the Institute would have 7 B. Tech, 6 Integrated Masters Degrees, 8 M.Tech/MBA and 12 PGD and Ph.D programmes.
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