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Message
Oil aand gas needs experience
Posted on 6/23/13 at 8:11 am
Posted on 6/23/13 at 8:11 am
Posted on 6/23/13 at 3:09 pm to Evolve
I'm in the missing middle group...when I meet anyone my age I always ask them how in the hell they ended up in the industry....Most of my work friends are either 15 yrs older than me or about 5-10 yrs younger. Good spot to be in.
Posted on 6/23/13 at 4:10 pm to cwill
quote:Same here... good job security.
I'm in the missing middle group...when I meet anyone my age I always ask them how in the hell they ended up in the industry....Most of my work friends are either 15 yrs older than me or about 5-10 yrs younger. Good spot to be in.
Posted on 6/23/13 at 4:23 pm to Evolve
Been hearing this for a few years now. I'm in the younger range, and have seen decades of experience walk out the door and retire. However, we've been quite lucky since most have chosen to work well past eligible retirement age (our company's benefits kick-in at 55). I've also seen the mid career guys we bring in, and are IMO unqualified. Maybe the market is tough to bring in those guys and the selection is scarce.
Working in the industry, the part that worries me is the lack of knowledge transfer and structured transition. The experience is walking out, and very little is done to retain the knowledge base, or transfer it to the younger guys.
Working in the industry, the part that worries me is the lack of knowledge transfer and structured transition. The experience is walking out, and very little is done to retain the knowledge base, or transfer it to the younger guys.
Posted on 6/23/13 at 9:26 pm to LSUtigerME
I've seen a lot of guys retire from the majors, mid- majors at the 55 retirement age and then go to work for another company...sweet deal for those dudes.
Posted on 6/23/13 at 10:31 pm to LSUtigerME
quote:this, not too many companies want to hire a new engineer , pay him 65-75K starting out, only to have him "train" under a seasoned vet. It sucks cause we need this knowledge to be passed down.
Working in the industry, the part that worries me is the lack of knowledge transfer and structured transition. The experience is walking out, and very little is done to retain the knowledge base, or transfer it to the younger guys.
This post was edited on 6/23/13 at 10:38 pm
Posted on 6/24/13 at 10:04 am to evil cockroach
quote:
Working in the industry, the part that worries me is the lack of knowledge transfer and structured transition. The experience is walking out, and very little is done to retain the knowledge base, or transfer it to the younger guys.
this
quote:
this, not too many companies want to hire a new engineer , pay him 65-75K starting out, only to have him "train" under a seasoned vet. It sucks cause we need this knowledge to be passed down.
bingo.
i see this in at my company too. there is a large age gap from top to bottom which means large experience gap as well.
we do hire a lot of engineering interns starting around their 3rd-4th year in school so when they graduate they can continue working on the projects they were already working on which seems to work really well. it somewhat eliminates or reduces that training period
Posted on 6/24/13 at 12:22 pm to Evolve
Plus a lot of businesses in the gulf are booming right now. We went from one boat and having to many people in 2009-2011 to 3 boats and having to hire contractors. Hopefully it stays this way for a long time. Not to sure about the experience factor though in our work. Some of these older guys just can't grasp the new equipment that comes out. Since I been offshore I have seen the equipment change drastically since 2000.
Posted on 6/24/13 at 12:50 pm to Evolve
20 years experience in o&g for me and i might put in 30 more years because i enjoy it regardless how much i am making off my real estate, stock dividends, futures, etc. we'll see that is a long way off though and things can change overnight
This post was edited on 6/24/13 at 1:00 pm
Posted on 6/24/13 at 12:51 pm to Fat Bastard
As an engineer with 7 years at a major service company and working on my MBA, I plan to take full advantage of this gap.
Posted on 6/24/13 at 1:43 pm to barry
Im one of the young engineers (25yr old) in O&G. We have 3 others under 30yrs old and the rest of management is 45 yrs old or older. The knowledge gap will never be filled by the time they retire becuase they have all been doing this since they were fresh out of high school.
This post was edited on 6/24/13 at 1:44 pm
Posted on 6/24/13 at 2:36 pm to SeaPickle
I'm not an engineer, but I've been in sales and management in the steel industry and will start my MBA soon. Hopefully there can be a spot for me somewhere in the energy industry.
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