According to a recent survey conducted by the Society of Petroleum Engineers, nearly 90% of senior human resources executives at top global oil and gas companies feel that their industry faces a major talent shortage and that the workforce issue was one of the most critical challenges facing their companies.  The two primary reasons cited for the shortage of skilled manpower are the aging workforce and a lack of interested graduates, creating an experience gap known as the “great crew change”.

“In recent years, the supply-demand equation for talent has become imbalanced,” noted one background paper.  Speaking on behalf of the government of Qatar, Deputy Premier and Minister of Energy and Industry HE Abdullah bin Hamad al-Attiyah told the International Energy Forum (IEF) symposium recently that an exodus of skilled workers from the energy sector poses a significant threat to national and international expansion plans.