As the average industry workforce continues to near retirement age, most oil & gas companies will see almost half of their seasoned professionals leave within the next decade. This generational shift, widely dubbed The Big Crew Change, presents a unique set of challenges for companies within the energy space.
Schlumberger’s management consulting unit, Schlumberger Business Consulting (SBC), projects in its 2012 Oil & Gas HR Benchmark report that oil and gas industries will be required to replace more than 22,000 top geoscientists and petroleum engineers by 2015. Further complicating the issue is the continued growth of global demand accompanied by increasingly stringent regulatory standards.
North America is experiencing unprecedented growth in unconventional oil and gas, while ever-increasing resource demands of emerging global markets, such as China, are influencing the trend toward more complex reservoirs. Meanwhile, the post-Macondo regulatory environment is further extending the process to successfully integrate new talent.
Yet, SBC’s 2012 analysis reveals a positive upward trend in the global cultivation of new petrotechnical professionals (PTPs) for the energy sectors. The firm still foresees a significant gap of almost 20 percent through 2016, but notes this gap in PTPs will continue to steadily narrow to again level out by about 2020.
So, while corporations will need to invest in aggressive HR strategies for recruitment, another critical factor is bridging the gap in what the industry will be losing in leadership, field experience, and legacy knowledge.
Now more than ever, those engaged in all aspects of the oil and gas sectors are challenged to produce more with a smaller and less experienced workforce. While the industry has been responsive in developing and expanding ongoing training and succession strategies for incoming PTP’s, the growing void of knowledge and leadership is having an impact that requires as many instantly accessible solutions as possible. Knowledge access and transfer is essential to mitigating project delays and controlling risk.
Providing one of the most comprehensive single source solutions is PennWell, the respected media corporation behind the Oil & Gas Journal (OGJ) and its Site Licenses. The OGJ Site License program brings to the table a mix of print and digital copies of the Oil & Gas Journal, Oil & Gas Financial Journal, Offshore and Oil & Gas Petrochem Equipment, plus access to current and archived articles dating back to 1990.
Companies will have access to special reports published by OGJ, including long-running annual exclusives such as the Capital Spending Report, Forecast & Review, Worldwide Report and much more.
First published in 1902, OGJ is the world's most widely read petroleum industry publication. Representing over a century of industry experience and analysis, OGJ is designed to meet the needs of engineers, oil management and executives throughout the oil and gas industry.
With the quick, on-demand access to functional knowledge provided by an OGJ Site License, PTPs, organizations, and employees are investing in an incomparable array of needed news, insight, and research.
Instant, organized, integrated access to respected legacy knowledge and evolving trends presents a true value proposition to employers of emerging PTPs. Offered is a wide selection of pertinent, quality information at the fingertips of employees, all within a single source. Finally, customizable access brings the ability to stay competitive while ensuring the best return on investment.
To learn more about OGJ and its Site License offerings contact the following:
If you are in the United States or Canada, contact Jessica Thompson:
1421 South Sheridan Road
Tulsa, OK 74112
Mobile : 918-607-1259
Or if you are outside of the United States and Canada, contact Leo Wolfert:
Warlies Park House
Horseshoe Hill, Upshire
Essex, EN9 3SR
Phone: +49 (0)30 4737 7473
Mobile: +44 (0)7946 105 081
Fax: +44 (0)1992 656 700