• THE MENTORS IN THE MAJOR COMPANIES ARE GONE
• THE TRAINING PROGRAMS IN THE MAJOR COMPANIES ARE GONE
• THE RESEARCH CENTRES IN THE MAJOR COMPANIES ARE GONE
• A LARGE NUMBER OF THE MAJOR COMPANIES ARE GONE
• OUR INDUSTRY IS GREYING
• IN 10 YEARS MOST OF US TEACHING YOU WILL BE GONE
THE PRODUCTIVITY “GAP”THE PRODUCTIVITY “GAP”
UNIVERSITYUNIVERSITYPRODUCTIVE PRODUCTIVE PETROLEUM PETROLEUM ENGINEER / ENGINEER /
GEOSCIENTISTGEOSCIENTIST
8 YEARS8 YEARS
Carnarvon Gorge, Qld (S.Lang)
START UNISTART UNI
PRODUCTIVEPRODUCTIVEPETROLEUM PETROLEUM
GEOSCIENTISTGEOSCIENTISTIndustry hire Industry hire
BScBSc
MScMSc
Hons.Hons. TheInternet
What’s In The Pipeline?
40000
35000
30000
25000
20000
15000
10000
5000
01960 1965 1975 1985 1995
ST
UD
EN
TS
UNDERGRADUATE
GRADUATE From W. Fischer
1955 1970 1980 1990
GEOSCIENCE STUDENTS AT US UNIVERSITIESGEOSCIENCE STUDENTS AT US UNIVERSITIES
200
400
600
800
1000
1200
1400
ST
UD
EN
TS
GEOSCIENCE STUDENTS AT NON-U.S. UNIVERSITIESGEOSCIENCE STUDENTS AT NON-U.S. UNIVERSITIES
92 88 97 93 95 90 96 89 91 94 98
Diplomas at German Universities
Graduates at British Universities
Honours at Australian Universities From Bottomley, 1999;
D.I.S.T., 2001
2002 Geological Salary Survey
$75,000 High
$64,000 Average
$55,000 Low
Salaries for New hires (with 0-2 years experience)
AAPG (2002)
US
Do
llar
s
$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
0-2 3-5 6-9 10-14 15-19 20+
Years Experience
2002 Geological Salary Survey
High
Average
Low
AAPG (2002)
$0
$20,000
$40,000
$60,000
$80,000
$100,000
$120,000
US
Do
llars
0-2 3-5 6-9 10-14 15-19 20+
Years Experience
Average Salary by Degree
B.Sc
M.Sc
Ph.D
AAPG (2002)
Why There is Still a Viable Why There is Still a Viable Future With Oil CompaniesFuture With Oil Companies
Four Reasons:
DemographicsDemographics
International OpportunitiesInternational Opportunities
New TechnologyNew Technology
Market ForcesMarket Forces
Largest Hydrocarbon BasinsLargest Hydrocarbon Basins by Ultimate Potentialby Ultimate Potential
GasGasOilOil
Global Giant Oil and Gas Fields
Opportunities for Future Growth
VenezuelaVenezuela
E. CanadaE. Canada
W. AfricaW. Africa
ItalyItaly
PapuaPapuaNew New
GuineaGuinea
GOMGOM
N. SeaN. Sea
CaspianCaspian
PeruPeru
ArgentinaArgentina
IndonesiaIndonesia
SakhalinSakhalin
VietnamVietnam
Australia Australia BrazilBrazil
N AfricaN Africa
W. SiberiaW. Siberia
Global Exploration
MalaysiaMalaysia
Why There is Still a Viable Why There is Still a Viable Future With Oil CompaniesFuture With Oil Companies
Four Reasons:
DemographicsDemographics
International OpportunitiesInternational Opportunities
New TechnologyNew Technology
Market ForcesMarket Forces
MobilMobil
Core Calibration forCore Calibration forPetrophysical AnalysisPetrophysical Analysis
JMAJMA
Geologic Data AnalysisGeologic Data Analysis
MobilMobil
Computer SimulationComputer Simulationand History Matchingand History Matching
MobilMobilJMAJMA
NCPGG / Schlumberger Joint NCPGG / Schlumberger Joint Training and Research CentreTraining and Research Centre
(Univ Adelaide)(Univ Adelaide)
Synergistic Synergistic Technologies: Technologies:
Integrated Workstation Integrated Workstation ApplicationsApplications
&&Visualisation CapabilitiesVisualisation Capabilities
FORMER PARADIGM:ISOLATED RESEARCH
Subject matter: Non-applied, “esoteric”
PRESENT REALITY: RELEVANTINTERACTIVE RESEARCH
Impact ofImpact ofIntegrated Reservoir ManagementIntegrated Reservoir Management
19701970 19751975 19801980 19851985 19901990 19951995 20002000 20052005 20102010 20152015 2020202000
2020
4040
6060
8080
100100
120120
140140
BO
D x
100
0B
OD
x 1
000
Production HistoryProduction History
Technology ImpactTechnology Impact
Neogene Deltaic ReservoirNeogene Deltaic Reservoir
Clayton, 1998Clayton, 1998
Technology Technology added added
significant significant new new
reservesreserves
Projected DeclineProjected Decline
The Importance of Developing Technologies
• New opportunities, some in old placesNew opportunities, some in old places– Sub-salt, sub-volcanic imagingSub-salt, sub-volcanic imaging– Deep water sequence stratigraphyDeep water sequence stratigraphy– Imaging of deep structureImaging of deep structure
• Technology leads to efficiency and Technology leads to efficiency and profitability, even at $15/bblprofitability, even at $15/bbl
• Emphasis upon computer technology and Emphasis upon computer technology and geological skillsgeological skills
• Infusion of new ideas into the workforceInfusion of new ideas into the workforce
Future OpportunitiesFuture Opportunities
New Ideas
New ToolsNew Tools
ChangedChangedEconomicsEconomics
New DiscoveriesNew Discoveriesin ‘Old’ Areasin ‘Old’ Areas
Assume:Assume:
Job Market Expectation By Employers
• Self-motivated
• Computer- literate
• Well - educated
• Team player
• Excellent communicator
Job Market ExpectationBy Employers
• Immediate Impact• Bottom Line Focus• High Productivity• Continuous Learning• Self Reliant
Expectation:Expectation:
Job Market ReadinessStudent Preparation
• Broadly Based• Balance of Theory
and Application
Education:Education:
• TargetedThesis:Thesis:
Job Market ReadinessStudent Preparation
• Think 4-D• Computer Workstation• English Proficiency
Skills:Skills:
• Self-motivated• Proactive
Traits:Traits:
Petroleum Industry CareersPetroleum Industry Careers Survival TrainingSurvival Training
• Strong basic-discipline training Strong basic-discipline training
• Competitive-edge in several skillsCompetitive-edge in several skills
• Excellent communication skillsExcellent communication skills
- Quantitative (space & time)Quantitative (space & time)- Workstation (computer)Workstation (computer)- InterpersonalInterpersonal- English LanguageEnglish Language
- Oral, written, graphicalOral, written, graphical
• Constant updating / expansion of skillsConstant updating / expansion of skills
Cyclic Job MarketCyclic Job Market
Rosy
Predi
ctio
n
?
?
?
?
Gro
wth
Employment (number of
jobs)
Employment (number of
jobs)
TimeTime
Timely ChangeTimely
ChangeTimely
ChangeTimely
Change
Continuous Learning Facilitates Timely ChangesContinuous Learning Facilitates Timely Changes
Discip
line
A
Discip
line
A
Discip
line
B
Discip
line
B
Discip
line
C
Discip
line
C
Professional SocietiesProfessional Societies
Local SocietiesLocal SocietiesGSM, IPA, etcGSM, IPA, etc TechnologyTechnology
DisseminatorsDisseminators
The Future for the Oil IndustryThe Future for the Oil Industry
• Dominant fuel source for 30-60 more yearsDominant fuel source for 30-60 more years
• Increased emphasis on enhanced Increased emphasis on enhanced recovery/production scale sedimentology/3-D recovery/production scale sedimentology/3-D visualisation/cross-disciplinary communicationvisualisation/cross-disciplinary communication
• Higher efficiency demands high workstation skill Higher efficiency demands high workstation skill levels as well as competency in fundamentalslevels as well as competency in fundamentals
• People provide the competitive edge (because People provide the competitive edge (because everyone has the same tools)everyone has the same tools)
Jobs for the best engineers / geoscientistsJobs for the best engineers / geoscientists
The Future…..
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