Exceptional talent a valuable commodity

April 2012

Despite the economic downturn being experienced globally, 2012 is set to be an exciting year for companies operating in the oil and gas industry. There is a real sense of optimism, with renewed confidence around the world.

Surging demand for oil and natural gas means that commodity values continue to remain high, despite political tensions in key regions, increasingly demanding exploratory environments and the resultant impact of rising costs on operators. Regardless of these factors, the industry is nothing short of vibrant.

This buoyancy is reflected in the jobs market too, according to the latest joint report from OilCareers.com, the international jobs board for the oil and gas industry, and partner Air Energi, a global provider of manpower solutions to the energy sector.

The Global Oil & Gas Workforce Survey: Expectations for hires and pay rates in the oil and gas industry (H1) 2012, suggests that the real challenge this year will be in preparing for the future, ensuring the continued flow of adequately skilled professionals.

While the ‘great crew change’ remains high on the agenda, there are signs that the industry is beginning to take its role more seriously by making attempts to combat the issue. Solutions are innovative and wide ranging; from internships and virtual mentorship, to supplementary offsite education programmes and more flexible government allowances towards working retirees.

Activity levels across Africa, the Americas, Asia Pacific, Australasia, Caspian, Europe and the Middle East will remain high, with the expectation for both contract and salaried pay rates to increase as a result across a number of these regions.

For the UK, 2012 was met with welcome news, as 46 new production licences were handed our during the country’s most recent licensing round. This is evidence of a revival in domestic activity, and will ward off pressure from other countries, Australia in particular.

Permanent staff are increasingly being given preference over contractors. They come with less flight risk, slightly lower rates and can easily be mobilised within organisations, either in terms of succession planning or to other postings abroad. However, as project development activity ramps up over the next 12 months, favourability could return to contractor positions.

Fabrication, operations and production personnel are amongst the highest in demand, but given the increasingly technical nature of offshore exploration in the UKCS, professional sciences and engineering credentials are also highly valuable and proving difficult to find.

Scandinavia too, is enjoying renewed success, with the focus switching from maximising existing reserves to new discoveries. Three major finds by Statoil, as well as a historically large licensing round, have reaffirmed the region’s position as a leader in the industry.

Mainland Europe paints a slightly different picture. A few cautious approaches to staffing have been observed, with a slight preference towards contractors. This will allow companies to be more flexible, enabling them to make rapid adjustments to headcount as required, in response to some continued uncertainty around the economy.

Mark Guest, managing director of OilCareers.com, said: “Despite all the challenges, I believe our industry remains fundamentally attractive. Energy demand continues to grow and oil and gas look set to remain important parts of the energy mix for the foreseeable future, with many of the world’s largest finds being discovered, creating new energy hubs.

“A number of companies are developing unparalleled project queues this year, with such investments impacting positively on the employment market. We’re seeing examples of this through increased hiring globally and, with plenty of opportunities on the table it’s an exciting time to be involved in the energy sector.”

Ian Langley, group executive chairman of Air Energi, added: “The Air Energi-OilCareers.com survey provides an indication of the trends that the industry can expect to see across the remainder of the year.

“With increased exploration activity across all regions, a lack of suitably qualified labour will continue to remain a concern. Many companies, however, are now giving the longstanding skills gap their full attention, ensuring they have the capability to maximise the abundant opportunities on offer worldwide.”

Source: Roustabout Energy International, issue 485

Be Sociable, Share!
Posts in this category
  • ‘NASA on the Seabed’
  • Advancing and automating integrity management strategy for subsea umbilical riser and flowline (SURF) systems
  • Avalon Sciences has continued its period of sustained growth
  • Avalon Sciences to exhibit at 3D VSP Workshop
  • BP Annouces Second Block Grant of $25 Million to the State of Florida
  • BP launch a live webcam of the riser flow.
  • BP Update on Gulf of Mexico Oil Spill Response
  • Calls for new offshore oil and gas regulator
  • Career Opportunities at Avalon Sciences
  • ConocoPhillips awards two-year contract, plus options
  • Engineering the Olympics
  • Geo-energy firms work on deep-drilling breakthrough at Cornwall’s Eden Project
  • Growing optimism & challenging frontiers make exceptional talent a valuable commodity
  • HiTEC 2010
  • How Sociable is the Oil & Gas Industry?
  • Increased optimism in UK oil and gas companies
  • Investment could reverse decline in UK oil and gas
  • ITF delves deeper into Middle East challenges debate
  • ITF Technology Showcase 2012
  • ITF to launch US oil and gas technology cluster
  • Left out in the cold by high temperature electronics
  • Neopartners & Avalon Sciences to exhibit at the 75th EAGE Conference
  • Neopartners acquired by Avalon Sciences Ltd
  • New Premises for Neo
  • North Sea Decommissioning’s New Service Sector
  • Offshore Energy 2012
  • Offshore oil & gas discoveries – Latin America & Africa emerging as major investment destinations
  • OTC 2012
  • Saudi Aramco’s Quest For Technology Solutions
  • SEG Las Vegas
  • The next step for BP after failed ‘Top Kill’ Procedure
  • UK Report Sees No Need for North Sea Oil Drilling Ban
  • Update on Gulf of Mexico Oil Spill Response – 18th May
  • Update Regarding ROV Monitoring of ‘Top Kill’ Procedure
  • We’re recruiting
  • We’re recruiting
  • Well Integrity Test Commences on MC252 well
  • Joined up design by Venn Creative