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Informa Whitepaper: Training the next generation of oil and gas graduates
 

Informa Whitepaper: Training the next generation of oil and gas graduates

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Australia's oil and gas industry represents approximately two per cent of national gross domestic product. In 2010-11, the sector generated direct and flow-on value of $28.3 billion, with Deloitte ...

Australia's oil and gas industry represents approximately two per cent of national gross domestic product. In 2010-11, the sector generated direct and flow-on value of $28.3 billion, with Deloitte suggesting market activity is set to increase further.

This whitepaper will explore the challenges faced by both employers and graduates when it comes to the recruitment and career management of new staff in the ever-evolving oil and gas landscape. It will also address how to overcome obstacles in the exploration and production environment through effective training and development.

For more information, please visit our website http://www.informa.com.au/graduatetraining

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    Informa Whitepaper: Training the next generation of oil and gas graduates Informa Whitepaper: Training the next generation of oil and gas graduates Document Transcript

    • WHITEPAPER: Training the next generation of oil and gas graduates Introduction Australia's oil and gas industry represents approximately two per cent of national gross domestic product. In 2010-11, the sector generated direct and flow-on value of $28.3 billion, with Deloitte suggesting market activity is set to increase further. The organisation predicted LNG investment will rise significantly, as output climbs 250 per cent by 2017-18 and project values reach $35 billion. This means oil and gas companies require staff to not only be proficient in these growth areas, but also strive for efficiency in traditional industries. To do this, they need new people with the right set of skills and training. This whitepaper will explore the challenges faced by both employers and graduates when it comes to the recruitment and career management of new staff in the ever-evolving oil and gas landscape. It will also address how to overcome obstacles in the exploration and production environment through effective training and development. Industry challenges Oil and gas companies face a number of hurdles when trying to maximise efficiency across field lifecycles - all the way from exploration to decommissioning. Mark Graham, APEC director of reservoir management at field management service firm AGR, says dwindling resources in the oil industry means more businesses are instead focusing on productivity. All of the big oil fields have been found, Graham states, meaning businesses must gain more value from smaller oil packages. "The oil situation is like trying to build the Great Wall of China with ever-decreasing brick sizes," he explains. "If you want to carry on producing global production with smaller and smaller fields you either staff up or learn to do field development plans faster than they are currently being done." www.informa.com.au/graduatetraining
    • Finding the right people According to Graham, it is always difficult to find good people and some of the larger businesses may be reluctant to hire due to already having a big staff roster. However, he notes that while 'people are your greatest asset' has always been an oft-cited phrase, it is really becoming a reality now. "The inability for guys to move development plans through the system quickly enough is actually slowing things down," Graham comments. "As a result, companies are getting much more serious about using people efficiently rather than just using numbers." Poor communication between departments One of the key problems affecting many oil and gas companies today is the disconnection between the technical and commercial sides of the business. Graham states that this is especially an issue at larger organisations and the two departments have often drifted, creating a communication void. "If your technical people are not connected to the commercial realities and don't measure the impact of what they do in commercial terms, then it means they can't really shape their work effectively," he says. Putting theory into practice Many students may get away with being slightly introverted at university, Graham explains, but this often will not translate well in the workplace. Developing interpersonal skills and ensuring ideas are voiced and implemented is important to succeeding in a competitive industry, he says. "Part of business these days is good relationships, both within companies and between companies." Some companies may also find that their new graduates struggle with time management, particularly when deadlines are looming and the pressure is on. "They can learn the theory and talk the talk about teambuilding but when we put them under pressure and tight deadlines, it's interesting how the theory falls apart," Graham says. www.informa.com.au/graduatetraining
    • Oil and gas training Clearly, preparing for the business environment is a difficult proposition for many oil and gas graduates, with companies expecting their employees to be increasingly competent at streamlining processes and maximising efficiency. An oil and gas training course for graduates and new employees can help strengthen entrylevel personnel across all disciplines to give them a better overview of the industry. Using a combination of case studies, team-building exercises and presentations, attendees can learn a mix of technical and commercial knowledge that can easily be transferred back into the workplace. Graham, lead instructor for the Graduate and New Employee Program provided by Informa, says: "What we try and do is make it clear that it's not just about the technical parts of the course. "There are some fairly realistic factors that are thrown in. For example, external issues, involving public relations, stakeholders and the environment." The courses run between one and three weeks depending on the level of detail required and can also be tailored for a company's specific needs. Technical topics covered include:          the field lifecycle exploration drilling engineering safety and the environment field appraisal production operations and maintenance project and contract management managing decline decommissioning The benefits Oil and gas training for graduates and new employees provides a range of benefits for personnel and their companies. There is the chance for participants to work alongside people from other cultures and backgrounds, providing an excellent networking opportunity. "Starting at one of these big oil and gas businesses is intimidating - but having entry points and knowing where you can go to ask questions makes things a lot easier." Working together in teams on case studies ensures participants get hands-on experience and develop their inter-disciplinary communication and confidence levels. www.informa.com.au/graduatetraining
    • Graham says employers who have invested in this kind of training can immediately tell the difference. "Attendees can use their judgement much more effectively. They don't have to keep going back to their boss, because they already understand how the business works," he explains. "I think it will allow them to add meaningful value much more quickly than they would do otherwise if they hadn't been on the course." Other benefits:       reinforces technical, commercial and interpersonal skills provides a comprehensive introduction to the upstream industry suitable for a range of backgrounds, such as engineering, commercial, legal, HR and other non-technical support functions strengthen business acumen provides a framework for efficiency that can be brought back to the workplace excellent talent attraction tool for businesses If you would like to learn more about oil and gas training for graduates and new employees, please contact Informa Australia or click here. www.informa.com.au/graduatetraining