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Oil aand gas needs experience

Posted on 6/23/13 at 8:11 am
Posted by Evolve
Texas
Member since Aug 2012
3117 posts
Posted on 6/23/13 at 8:11 am
article

Interesting times ahead for those of us in the energy industry
Posted by cwill
Member since Jan 2005
54752 posts
Posted on 6/23/13 at 3:09 pm to
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 by Bayou Tiger
Member since Nov 2003
3657 posts
Posted on 6/23/13 at 4:10 pm to
quote:

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.
Same here... good job security.
Posted by LSUtigerME
Walker, LA
Member since Oct 2012
3789 posts
Posted on 6/23/13 at 4:23 pm to
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.
Posted by cwill
Member since Jan 2005
54752 posts
Posted on 6/23/13 at 9:26 pm to
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 by evil cockroach
27.98N // 86.92E
Member since Nov 2007
7451 posts
Posted on 6/23/13 at 10:31 pm to
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, 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.
This post was edited on 6/23/13 at 10:38 pm
Posted by tiddlesmcdiddles
Lafayette, LA
Member since Apr 2013
1719 posts
Posted on 6/24/13 at 10:04 am to
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 by vodkacop
Louisiana
Member since Nov 2008
7849 posts
Posted on 6/24/13 at 12:22 pm to
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 by Fat Bastard
coach, investor, gambler
Member since Mar 2009
72447 posts
Posted on 6/24/13 at 12:50 pm to
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 by barry
Location, Location, Location
Member since Aug 2006
50337 posts
Posted on 6/24/13 at 12:51 pm to
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 by SeaPickle
Thibodaux
Member since May 2011
3132 posts
Posted on 6/24/13 at 1:43 pm to
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 by Moustache
GEAUX TIGERS
Member since May 2008
21556 posts
Posted on 6/24/13 at 2:36 pm to
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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