Energy Voice has called on the global energy sector to participate in the final part of its landmark research launched to mark 50 years in oil and gas exploration in the North Sea.
The latest survey has now gone live, just weeks ahead of its Offshore Europe event where the findings will be revealed.
Take part here.
The final tranche will look at how to fuel the conversation and encourage the next generation of industry leaders and look at the future of the North Sea.
The project was launched in response to falling oil prices, which placed the UK and wider global energy marker under pressure.
Energy 2050 – Securing our Future was launched at OTC in Houston in May and is in partnership with RGU, Burness Paull, EY, Douglas Westwood, Fifth Ring and the University of Oklahoma.
The first findings revealed leaders believed crude prices will bounce back above $100 by 2020.
The need to slash costs was also seen as the number one challenge for the oil industry.
The research will be discussed by a panel which includes industry leader Sir Ian Wood, Derek Leith office managing partnerat EY Aberdeen and the firm’s UK head of oil and gas taxation and Offshore Europe co-chairman Michael Engell-Jensen.
The event, which will be held at the Tivoli on Wednesday September 2, will discuss the final wave of Energy Voice’s research: Energy 2050 – Securing our Future.
Industry leaders have already backed the event with UK Energy Minister describing the move as “critical” in ensuring a dialogue with the next generation of workers.
Oil and Gas UK’s Deidre Michie said the sector still has “much to offer the next generation who will play a vital role in securing and supporting the sector’s long-term future.”
Chris Chapman, commercial director Viking SeaTech, said: “In a down-turn environment it is extremely important that a business is lean enough for survival but also has the expertise to plan ahead for the inevitable swing back upwards.
“This is a difficult compromise to achieve and at the same time retain the key competencies within a business, but also be able to provide a clear line of sight to successful careers for existing and new staff.
“In a downturn it tends to be the best staff who are retained, it is very important therefore to ensure that those staff remain engaged in the success of the business. It is vital that their interests, career paths and incentivisation plans are strongly focused upon.
“Some of these personnel who are already in a business will be the next generation, and the organisational impacts of a downturn can actually provide new opportunities for such personnel to develop on faster tracks than before, realising the potential particularly in young personnel.
“The right level of recruitment in key positions needs to be maintained and the messaging to potential new employees around the strength of a business and its future is key. The downturn can actually be used to advantage by the smartest companies, as good people become available as a result of circumstances.
“Companies need to be brave in their investment in people for the future upturn, and use the downturn effectively and reset the competencies of the organisation.”
Sign up for our Offshore Europe event below.
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