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PTP Effectiveness for Sustainable Growth. SPE Thailand Dinner Talk 26 th March 2008. High Oil Prices. Source: International Energy Outlook 2007 – EIA DOE. +75% in 5 Yrs. Source: Baker Hughes Rig Count as of February 2008. Recruitment targets for Petrotechnical Professionals. - PowerPoint PPT Presentation
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PTP Effectiveness for Sustainable Growth
SPE Thailand Dinner Talk
26th March 2008
High Oil PricesOil Prices
Reference
Low Price
High Price
Actual
0.0
20.0
40.0
60.0
80.0
100.0
120.0
1980 1985 1990 1995 2000 2005 2010 2015 2020 2025 2030
2005 $/bbl
Source: International Energy Outlook 2007 – EIA DOE
Global Rig Count
Foreign
Canada
U.S.
0
1000
2000
3000
4000
1990 1992 1994 1996 1998 2000 2002 2004 2006 2008
Source: Baker Hughes Rig Count as of February 2008
+75% in 5 Yrs
0
2,000
4,000
6,000
8,000
10,000
12,000
2005 2006 2007 2008 2009 2010
Demand as per 2005 Benchmark Demand as per 2007 Benchmark
E E E EE E E E
*Petrotechnical Professionals = Geologists, Geophysicists & Petroleum Engineers**China excluded, Service companies excluded
Recruitment targets for Petrotechnical Professionals
Global Demand for Petrotechnical Professionals *Comparison between Recruitment targets of G&G and PE 2005-2010**
Source: 2005 and 2007 Schlumberger Business Consulting O&G HR Benchmark
Competition for top universities remains fierce
Source: 2007 Schlumberger Business Consulting O&G HR Benchmark
* 85 universities selected by Schlumberger worldwide (China excluded) **Schlumberger estimates: 60% of Geosciences graduates enter E&P industry, 40% enter other industries;
80% of Petroleum Engineering graduates enter E&P industry, 20% enter other industries
Geosciences Top University*Supply vs. Demand 2006-2010
Petroleum Engineers Top University*Supply vs. Demand 2006-2010
Demand for Geologists &GeophysicistsSupply of G&G from “Schlumberger 85 universities”Net Supply of G&G (60% entering E&P Industry)
0
2,000
4,000
6,000
8,000
10,000
2006 2007E 2008E 2009E 2010E
Actually entering E&P**
0
2,000
4,000
6,000
8,000
10,000
2006 2007E 2008E 2009E 2010E
Demand for Petroleum EngineersSupply of PE from “Schlumberger 85 universities”Net Supply of PE (80% entering E&P Industry)
Actually entering E&P**
A Big Crew ChangeAge Profiles of Two Different E&P Companies
0%
5%
10%
15%
20%
25%
30%
35%
20 - 24 25 - 29 30 - 34 35 - 39 40 - 44 45 - 49 50 - 54 55 - 60
Age Ranges
Per
cen
t o
f P
op
ula
tio
n
A Young CompanyA Young Company
A Mature CompanyA Mature Company
Creating Expertise Tension
New Project DifficultiesNew Project Difficulties
Available ExperiencesAvailable Experiences
“Price War” for PTP
SalarySalary
InflationInflation < 50%< 50%
> 100%> 100%
During Past 10 YearsDuring Past 10 YearsFor New GraduatesFor New Graduates
Insufficient Experience Growth
Time
Growth
PTP NumberPTP Number
PTP ExperiencePTP Experience
Seeking Sustainable Growth
Maximize ProductivityMaximize Productivityof Experiencedof Experienced
Expedite DevelopmentExpedite Developmentof New Recruitsof New Recruits
Optimize Deployment Optimize Deployment & Sharing& Sharing
Maximize Productivity
Technology to Increase ProductivityTechnology to Increase Productivity Work ProcessesWork Processes
Workplace EnvironmentWorkplace Environment KM – Community of PracticeKM – Community of Practice
Expedite Development
KM – Knowledge TransferKM – Knowledge TransferStructured Training ProgramsStructured Training ProgramsDevelopment AssignmentsDevelopment Assignments
Mentoring / CoachingMentoring / Coaching
Accelerated Development
Optimize Deployment
Expertise InventoriesExpertise InventoriesPriority ProjectsPriority Projects
Growth vs. Producing AssetsGrowth vs. Producing AssetsRestructuring for SynergyRestructuring for Synergy
Outsourcing WorkOutsourcing WorkMentoring Role for RetireesMentoring Role for Retirees
Finally, Industry in a Bubble?
• New Expertise Not Realized Until Future
• Escalation of PTP Costs
• Huge Investments for Uncertain Future?
• Will We Have Too Many PTP?
• Will We Reach a Saturation Point?
• Contingency for Industry’s Downturn?
THANK YOUTHANK YOU