Âé¶¹´«Ã½Ó³»­

Skip to main content

LloydÂé¶¹´«Ã½Ó³»­™s survey at Offshore Europe

 

Published by
World Âé¶¹´«Ã½Ó³»­,

In the survey taken at this weekÂé¶¹´«Ã½Ó³»­™s 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 LloydÂé¶¹´«Ã½Ó³»­™s Register Energy, said: Âé¶¹´«Ã½Ó³»­œAcross the world, assets are reaching maturity, access to reservoirs remains challenging and many experienced specialists are nearing retirement. On top of that, the Âé¶¹´«Ã½Ó³»­˜digital oilfieldÂé¶¹´«Ã½Ó³»­™ 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.Âé¶¹´«Ã½Ó³»­

Offshore Europe

The theme of this yearÂé¶¹´«Ã½Ó³»­™s Offshore Europe, Âé¶¹´«Ã½Ó³»­˜Inspiring the next generationÂé¶¹´«Ã½Ó³»­™, also reflects this, and recognises the need to understand what the industryÂé¶¹´«Ã½Ó³»­™s 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 Âé¶¹´«Ã½Ó³»­“ 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, LloydÂé¶¹´«Ã½Ó³»­™s Register Energy, commented: Âé¶¹´«Ã½Ó³»­œEven as the energy industry braces itself, companies must keep one eye on the future Âé¶¹´«Ã½Ó³»­“ if the talent pool is diminished (in quality or quantity) the business will be less able to leverage the upturn when it arrives.Âé¶¹´«Ã½Ó³»­

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