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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.

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THE MENTORS IN THE MAJOR COMPANIES ARE GONE

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  1. 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

  2. 8 YEARS PRODUCTIVE PETROLEUM ENGINEER / GEOSCIENTIST UNIVERSITY THE PRODUCTIVITY “GAP” Carnarvon Gorge, Qld (S.Lang)

  3. Industry hire MSc Hons. The Internet BSc PRODUCTIVE PETROLEUM GEOSCIENTIST START UNI

  4. What’s In The Pipeline?

  5. 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

  6. 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

  7. 2002 Geological Salary Survey Salaries for New hires (with 0-2 years experience) $75,000 High $64,000 Average $55,000 Low AAPG (2002)

  8. $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)

  9. 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)

  10. Why There is Still a Viable Future With Oil Companies Four Reasons: Market Forces Demographics International Opportunities New Technology

  11. Largest Hydrocarbon Basins by Ultimate Potential

  12. Global Giant Oil and Gas Fields Gas Oil

  13. 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

  14. Why There is Still a Viable Future With Oil Companies Four Reasons: Market Forces Demographics International Opportunities New Technology

  15. Core Calibration for Petrophysical Analysis Mobil JMA

  16. Geologic Data Analysis Mobil

  17. Computer Simulation and History Matching Mobil JMA

  18. NCPGG / Schlumberger Joint Training and Research Centre(Univ Adelaide) Synergistic Technologies: Integrated Workstation Applications & Visualisation Capabilities

  19. FORMER PARADIGM: ISOLATED RESEARCH Subject matter: Non-applied, “esoteric”

  20. PRESENT REALITY: RELEVANT INTERACTIVE RESEARCH

  21. 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

  22. 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

  23. Future Opportunities New Ideas New Tools New Discoveries in ‘Old’ Areas Changed Economics

  24. Job Market ExpectationBy Employers • Self-motivated • Computer- literate • Well - educated • Team player • Excellent communicator Assume:

  25. Job Market ExpectationBy Employers • Immediate Impact • Bottom Line Focus • High Productivity • Continuous Learning • Self Reliant Expectation:

  26. Job Market ReadinessStudent Preparation • Broadly Based • Balance of Theory and Application Education: Thesis: • Targeted

  27. Job Market ReadinessStudent Preparation • Think 4-D • Computer Workstation • English Proficiency Skills: Traits: • Self-motivated • Proactive

  28. 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

  29. 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

  30. Professional Societies Local Societies GSM, IPA, etc Technology Disseminators

  31. 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)

  32. The Future…..

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