|
International oil companies are increasingly operating in frontier
areas as their portfolios mature and they look for new, large-scale
reserves. Stakeholders in these areas are concerned about the
impact that the companies have on the economy, society and environment.
As a result, companies must balance competitive priorities with
corporate citizenship responsibilities, such as incorporating
local
content into oil and gas projects. This session focuses on the
challenges that international oil companies face in reconciling
local content responsibilities with constraints related to technology,
procurement and human capital. The panel will discuss specific
local content programs that have been successful as well as general
ideas to improve the industry's relationship with society.
North American upstream oil and gas companies will
likely lose more than 60 percent of their employees, along with their
experience and knowledge in just 5 years. Since industry employment
peaked in 1982, the top 25 surviving companies have cut more than
1 million workers. The average age in the upstream sector is 49,
and many employees expect to retire at age 55. If professionals continue
to leave and retire at the current pace, exploration and production
companies’ ability to make sound business decisions and to
meet the increasing demand for energy resources will be impacted.
Enrollment in U.S. engineering and geoscience degree programs is
down 50 percent to 80 percent compared to the early ‘80s. How
will the energy industry fulfill its needs for competent and
talented professionals to meet the world’s energy demands?
| |
|
|
|
 |
Vice President, Human Resources
Marathon Oil Corporation
Bio Hi-res
photo |
|
|
|
| |
|
|
|
 |
Director, Technical Career and Competency Management, Schlumberger
Bio Larger
photo |
|
 |
Department Head and Professor, Petroleum Engineering Department
Texas A&M University
Bio |
 |
Technology Vice President, Exploration and Production Segment
BP
Bio Larger
photo |
|
|
|
|
