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OUR INDUSTRY IS GREYING. 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. IN 10 YEARS MOST OF US TEACHING YOU WILL BE GONE.

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The mentors in the major companies are gone

  • OUR INDUSTRY IS GREYING

  • 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

  • IN 10 YEARS MOST OF US TEACHING YOU WILL BE GONE


The mentors in the major companies are gone

8 YEARS

PRODUCTIVE PETROLEUM ENGINEER / GEOSCIENTIST

UNIVERSITY

THE PRODUCTIVITY “GAP”

Carnarvon Gorge, Qld (S.Lang)


The mentors in the major companies are gone

Industry hire

MSc

Hons.

The

Internet

BSc

PRODUCTIVE

PETROLEUM GEOSCIENTIST

START UNI


The mentors in the major companies are gone

What’s In The Pipeline?


The mentors in the major companies are gone

GEOSCIENCE STUDENTS AT US UNIVERSITIES

40000

35000

30000

25000

STUDENTS

20000

15000

10000

5000

0

1955

1960

1980

1985

1995

1965

1970

1975

1990

UNDERGRADUATE

GRADUATE

From W. Fischer


The mentors in the major companies are gone

GEOSCIENCE STUDENTS AT NON-U.S. UNIVERSITIES

1400

1200

1000

800

STUDENTS

600

400

200

88

89

90

91

92

93

94

95

96

97

98

Diplomas at German Universities

Graduates at British Universities

From Bottomley, 1999;

D.I.S.T., 2001

Honours at Australian Universities


The mentors in the major companies are gone

2002 Geological Salary Survey

Salaries for New hires

(with 0-2 years experience)

$75,000

High

$64,000

Average

$55,000

Low

AAPG (2002)


The mentors in the major companies are gone

$350,000

$300,000

$250,000

High

$200,000

$150,000

Average

$100,000

Low

$50,000

2002 Geological Salary Survey

US Dollars

$0

0-2

3-5

6-9

10-14

15-19

20+

Years Experience

AAPG (2002)


The mentors in the major companies are gone

Average Salary by Degree

$120,000

$100,000

$80,000

US Dollars

$60,000

B.Sc

M.Sc

$40,000

Ph.D

$20,000

$0

0-2

3-5

6-9

10-14

15-19

20+

Years Experience

AAPG (2002)


The mentors in the major companies are gone

Why There is Still a Viable Future With Oil Companies

Four Reasons:

Market Forces

Demographics

International Opportunities

New Technology


The mentors in the major companies are gone

Largest Hydrocarbon Basins

by Ultimate Potential


The mentors in the major companies are gone

Global Giant Oil and Gas Fields

Gas

Oil


The mentors in the major companies are gone

Global Exploration

Opportunities for Future Growth

N. Sea

W. Siberia

Sakhalin

E. Canada

Caspian

Italy

N Africa

GOM

Vietnam

W. Africa

Venezuela

Malaysia

Papua

New

Peru

Indonesia

Brazil

Guinea

Australia

Argentina


The mentors in the major companies are gone

Why There is Still a Viable Future With Oil Companies

Four Reasons:

Market Forces

Demographics

International Opportunities

New Technology


The mentors in the major companies are gone

Core Calibration for

Petrophysical Analysis

Mobil

JMA


The mentors in the major companies are gone

Geologic Data Analysis

Mobil


The mentors in the major companies are gone

Computer Simulation

and History Matching

Mobil

JMA


Ncpgg schlumberger joint training and research centre univ adelaide

NCPGG / Schlumberger Joint Training and Research Centre(Univ Adelaide)

Synergistic Technologies:

Integrated Workstation

Applications

&

Visualisation Capabilities


The mentors in the major companies are gone

FORMER PARADIGM:

ISOLATED RESEARCH

Subject matter:

Non-applied, “esoteric”


The mentors in the major companies are gone

PRESENT REALITY: RELEVANT

INTERACTIVE RESEARCH


The mentors in the major companies are gone

Impact of

Integrated Reservoir Management

Neogene Deltaic Reservoir

140

120

Production History

Projected Decline

100

Technology Impact

Technology added significant new reserves

80

BOD x 1000

60

40

20

0

1970

1975

1980

1985

1990

1995

2000

2005

2010

2015

2020

Clayton, 1998


The importance of developing technologies

The Importance of Developing Technologies

  • New opportunities, some in old places

    • Sub-salt, sub-volcanic imaging

    • Deep water sequence stratigraphy

    • Imaging of deep structure

  • Technology leads to efficiency and profitability, even at $15/bbl

  • Emphasis upon computer technology and geological skills

  • Infusion of new ideas into the workforce


The mentors in the major companies are gone

Future Opportunities

New Ideas

New Tools

New Discoveries

in ‘Old’ Areas

Changed

Economics


Job market expectation by employers

Job Market ExpectationBy Employers

  • Self-motivated

  • Computer- literate

  • Well - educated

  • Team player

  • Excellent communicator

Assume:


Job market expectation by employers1

Job Market ExpectationBy Employers

  • Immediate Impact

  • Bottom Line Focus

  • High Productivity

  • Continuous Learning

  • Self Reliant

Expectation:


Job market readiness student preparation

Job Market ReadinessStudent Preparation

  • Broadly Based

  • Balance of Theory

    and Application

Education:

Thesis:

  • Targeted


Job market readiness student preparation1

Job Market ReadinessStudent Preparation

  • Think 4-D

  • Computer Workstation

  • English Proficiency

Skills:

Traits:

  • Self-motivated

  • Proactive


The mentors in the major companies are gone

Petroleum Industry Careers

Survival Training

  • Strong basic-discipline training

  • Competitive-edge in several skills

  • Quantitative (space & time)

  • Workstation (computer)

  • Interpersonal

  • English Language

  • Excellent communication skills

  • Oral, written, graphical

  • Constant updating / expansion of skills


The mentors in the major companies are gone

Cyclic Job Market

Cyclic Job Market

Continuous Learning Facilitates Timely Changes

? ? ? ?

Rosy Prediction

T

imely

T

imely

T

imely

T

imely

Change

Change

Change

Change

Employment

Employment

(number of

(number of

jobs)

jobs)

Growth

Discipline C

Discipline B

Discipline A

T

ime

T

ime


The mentors in the major companies are gone

Professional Societies

Local Societies

GSM, IPA, etc

Technology

Disseminators


The mentors in the major companies are gone

Jobs for the best engineers / geoscientists

The Future for the Oil Industry

  • Dominant fuel source for 30-60 more years

  • Increased emphasis on enhanced recovery/production scale sedimentology/3-D visualisation/cross-disciplinary communication

  • Higher efficiency demands high workstation skill levels as well as competency in fundamentals

  • People provide the competitive edge (because everyone has the same tools)


The future

The Future…..


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