Solving The Crew Change Dilemma In Oil & Gas


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The success of the oil & gas industry depends to a large extent on the people who work in it. Due to demographic & economic shifts, there will be a large gap in techno-commercial roles in the next few years. How should the industry respond? This presentation presents a few thoughts from an experienced executive.

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  • Solving The Crew Change Dilemma In Oil & Gas

    1. 1. Solving the Crew Change Dilemma Laying a Pipeline for Future Talent Ian Rushby Chairman, Global Energy Talent (c) Copyright 2008 Global Energy Talent Pvt Ltd. All rights reserved.
    2. 2. A New Talent Networking Platform <ul><li>Connect companies, professionals, students and academic institutions and help source and grow talent for the global energy ecosystem </li></ul>Energy Companies • Oil & Gas • Renewables • Power Recruitment Consultancy Training Information Exchange • Academia • Professional Bodies Institutions Professionals • Students • Early career • Management <ul><li>Grants </li></ul><ul><li>Research </li></ul><ul><li>Placements </li></ul><ul><li>Career Advisory </li></ul><ul><li>• Custom courses </li></ul><ul><li>Executive education </li></ul>
    3. 3. Geopolitical Shifts <ul><li>Multiple industry inflection points </li></ul><ul><ul><li>Energy security and resource nationalism </li></ul></ul><ul><ul><li>Accessability & developability getting more stringent </li></ul></ul><ul><ul><ul><li>Deeper waters, frontier economies </li></ul></ul></ul><ul><ul><li>NOC & IOC power shift </li></ul></ul><ul><ul><ul><li>NOCs becoming IOCs of the future </li></ul></ul></ul><ul><ul><ul><li>Increased use of Services providers </li></ul></ul></ul>
    4. 4. Reserves and Talent Spread <ul><li>Where will future technical talent come from? </li></ul>Source: CERA 2007 O&G Related Engineering Graduates Venezuela Nigeria & Eq. Africa Angola S.Arabia Qatar Iran China Sakahalin Potential Staff Growth Areas Source: Booz Allen Hamilton 2007 Source: BP Statistical Review 2008 Central Asia
    5. 5. The Talent Gap in the Middle <ul><li>38% shortage of Upstream engineers & geoscientists, 28% in instrumentation </li></ul><ul><li>It will take 7-10 years to fully train and deploy replacements </li></ul>Percentile Age Source: CERA Source: CERA, Booz Allen Hamilton
    6. 6. Implications for the Industry <ul><li>Increase in risks related to personnel </li></ul><ul><li>Enterprise risks </li></ul><ul><ul><li>Understaffed projects minimize asset utilization </li></ul></ul><ul><ul><li>Higher financial risk due to project delays or failures </li></ul></ul><ul><ul><li>Boundaries of technology require innovation </li></ul></ul><ul><li>HR process </li></ul><ul><ul><li>Missing mentors: Slower induction of fresh entrants </li></ul></ul><ul><ul><li>High value employees not used for recruitment: Poor assessments in sourcing process </li></ul></ul>
    7. 7. How Future Talent Thinks <ul><li>Ethnography research </li></ul><ul><ul><li>Psychographics among Indian engineering students </li></ul></ul><ul><li>Perceptions of industry </li></ul><ul><ul><li>Old & dirty industry </li></ul></ul><ul><ul><li>Exciting, travel opportunities </li></ul></ul><ul><ul><li>Nationalistic; serve my country </li></ul></ul><ul><li>Career decision making </li></ul><ul><ul><li>Fully mapped out career even at young age </li></ul></ul><ul><ul><li>Seek credible advisors </li></ul></ul><ul><ul><li>Money is important, but not primary motivator </li></ul></ul>
    8. 8. Talent Development <ul><li>Build a pipeline of younger professionals </li></ul><ul><li>Broader outreach to academia </li></ul><ul><li>Industry employment positioning </li></ul><ul><ul><li>Risk taking, adventure </li></ul></ul><ul><ul><li>High impact </li></ul></ul><ul><li>Enhance induction </li></ul><ul><li>Simulation & modeling for quicker experience </li></ul><ul><li>Decision making roles earlier in career </li></ul><ul><li>Buddy learning system </li></ul>
    9. 9. Building a Global Talent Pipeline <ul><li>Sow the talent seeds for the next decade now </li></ul><ul><li>Source from India & China for global deployments </li></ul><ul><li>Facilitate knowledge transfer for sustainable localization </li></ul><ul><ul><li>Vocational institutes </li></ul></ul><ul><ul><li>R&D </li></ul></ul><ul><li>Invest in local institutions for people development </li></ul>
    10. 10. Global Energy Talent Harnessing the Power of People Head Office: 36 Ashoka Crescent DLF Phase 1 Gurgaon, India Ph: +91 124 4729200 UK: +44 774.775.6664 USA: +1 404.218.1797 [email_address]