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Lloyd鶹ýӳs survey at Offshore Europe

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World 鶹ýӳ,


In the survey taken at this week鶹ýӳs Offshore Europe event, the issues of ageing assets and access to talent were jointly ranked first, with 29% of respondents identifying each as their primary concern. Legislation also featured, with 15% of respondents ranking it first, due to the increasing complexity of the global regulatory environment.

The survey

Peter Richards, Vice President Marketing and Communications Lloyd鶹ýӳs Register Energy, said: 鶹ýӳAcross the world, assets are reaching maturity, access to reservoirs remains challenging and many experienced specialists are nearing retirement. On top of that, the 鶹ýӳdigital oilfield鶹ýӳ brings an increased need for strong capabilities in mathematics, statistics and data alongside the traditional science and engineering skill sets. This survey reflects those industry dynamics.鶹ýӳ

Offshore Europe

The theme of this year鶹ýӳs Offshore Europe, 鶹ýӳInspiring the next generation鶹ýӳ, also reflects this, and recognises the need to understand what the industry鶹ýӳs future looks like and to build a talent pipeline to support it. But in the low oil price environment, many organisations need to make difficult decisions in order to achieve cost reductions 鶹ýӳ and that may prove to be counter-productive in the longer term.

Following the technical session on talent development which was chaired by LR Energy during the conference, John Nicolson HR Director, Lloyd鶹ýӳs Register Energy, commented: 鶹ýӳEven as the energy industry braces itself, companies must keep one eye on the future 鶹ýӳ if the talent pool is diminished (in quality or quantity) the business will be less able to leverage the upturn when it arrives.鶹ýӳ

The contemplated outcome

As the debate at Offshore Europe 2015 illustrates, how the industry addresses these challenges is critical in ensuring the continued long-term growth of the industry.

There are no easy answers but one thing is clear from Offshore Europe 2015: the industry is aware of the challenges and is actively looking for solutions to drive long-term growth.

Edited from various sources by

Read the article online at: /business-news/11092015/lloyds-survey-at-offshore-europe/

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