Career Opportunities in the (Mostly) Energy Industry. Addressing the Concerns of Professionals and Students in a Dynamic Changing World

Transcription

1 Career Opportunities in the (Mostly) Energy Industry Addressing the Concerns of Professionals and Students in a Dynamic Changing World June, 2015

2 AAPG Career Support Energy and minerals are cyclical job markets. Current focus maybe not your geoscience career. Expand your knowledge base. You never quit learning. Networking is very important, including attending and volunteering for scientific lunches/field trip/training and conventions, and being active in AAPG student and YPE Conventions frequently include career building Internships allow you and your employer to utilize your abilities and knowledge A Career Building PowerPoint is downloadable from: 2

3 1. Energy Demands 2. Technology Needs 3. Industry Demographics

4 Types of Oil and Gas Fields 4

5 Energy Challenge Today and Beyond BP Energy Outlook 2035 Renewables Hydro Nuclear Coal Gas Oil Increasing Worldwide demand for energy to 2035 and beyond Projected demand for oil and gas in 2035 is 45% greater than in 2015 A huge gap between production from existing fields and what is needed through 2040 to meet demand Courtesy of ExxonMobil

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7 12 Rest of World 10 Africa Asia In Billions of People Courtesy of BEG, Dr. S.Tinker, 2015 Source: From the UN, as appeared in The Economist, August 23, 2014

8 Wells can be very expensive, some cost more than $200 million, so knowledge is critical to limit risk Need as accurate an understanding of the subsurface as possible to:! Maximize oil & gas recovery from known reservoirs! Discover new reserves near known fields! Find and produce oil & gas in new areas and formations! Turn uneconomic rocks into economic reserves! All are knowledge and technology driven

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10 1. Concerns over supply disruptions 2. OPEC Production quotes of suppliers OPEC 30 MMBpd OPEC cut 50% OPEC Prod. Down to 15 MMBpd OPEC Prod. Up to 28 MMBpd Oil Price $/Bbl Iran/Iraq War Iranian Revolution Yom Kippur War Oil Embargo Cut in production keeps price above $20/barrel OPEC Increases Production to get more Mkt. Share Real Oil Prices ($2014) 10

11 Concerns over supply disruptions Production quotes of suppliers World financial instabilities Production Unconventional OG OPEC Prod. Up to 28 MMBpd OPEC Prod. Varies OPEC Prod. Averages MMBpd Oil Price $/Bbl Iraq War PDVSA Strike Asian Growth Low OPEC Spare Capacity Gulf War Recession Japan in Recession Europe on Brink OPEC Maintains Production to Retain Market Share Arab Spring Asian Financial Crisis 9/11 Attacks Real Oil Prices ($2014) Shale Oil Growth

12 Most of the easy oil and giant mineral discoveries have been found. Technology is a driver for new and existing discoveries. This includes greater understanding of how the deposits formed and improving recovery. Age brackets for a typical major oil company (2013)

13 Federal Workforce 13

14 BS or BA More commonly a geotech for a large company and government In the trenches for a small company (as in more work in the field, sample prep, and computers and GIS) Masters Bulk of people in industry, also many research jobs in government Able to hold any position, may be hard to get into a research role initially (although that is not my experience with the USGS) PhD Can be important for academia and research, but less so for exploration and development Advisable if you want to do research for a mega-company Also if you may want to become a Professor/Research Sci Small difference in starting salaries for 2+ more years

15 Degrees 15

16 And Eric M. Riggs

17 Forecast is for a steady demand for Geoscientists over the next 30 years; the short term can be challenging Diverse geosciences career options exist Find and follow your passion, love what you do! Be technically strong and grow scientifically Remain competitive by gaining new skills Develop a strong network and stay connected Get involved, Be involved, Stay involved

18 Resources identified by students as useful for finding geoscience jobs Source: AGI Workforce Program, 2013

19 Most Images Courtesy of ExxonMobil Questions?

20 Undergraduate Excel in all your courses high GPA Take fundamental, classic geoscience courses Get exposure to all disciplines attend seminars Scan professional society journals take note of who is working on topics that interest you ASAP decide on a sub-discipline Choose a senior topic that you have a lot of interest in, work it well, be creative and application-minded Search for undergraduate research position at the university or internships away from school

21 Graduate Level Choose a university with a great geoscience department Excel in all your courses high GPA Take courses that provide depth & breadth Look for ways to demonstrate leadership potential Get some good work experience internship Choose a research topic; better to have a superb thesis topic on something unrelated to industry than a mediocre thesis Gain interviewing experience. Polish your resume/cv Get active in the school s Student AAPG and other geoscience groups Go to the local geological meeting to network and to learn/ contribute Present your research; posters, talks, at school and symposia...

22 Average Salaries 0 2 Years Salaries by Degree 0 2 Years (2014) B.S M.S Ph.D. $92,000 $104,400 $117,300 Source: AAPG Explorer

23 Nuke Hydro Coal Renew Oil 1389 Nat Gas Courtesy of BEG, Dr. S.Tinker, 2015 (MTOE) Courtesy of ExxonMobil 23

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25 Source: AGI Workforce Program, 2015

26 Salary, vacation, work hours, benefits Location, and potential to move (up and other places) People & facilities Training programs, mentorship, opportunities to grow Job and work environment (Government, non-profit, Industry, or Academia Stability Bureaucracy Initial assignments

27 Consider extending your stay in University? Post-doc or research positions are an excellent mechanism to grow scientifically while weathering the short-term industry cycles. Being engaged will give you continued access to recruiting, computing, and further opportunities. Consider additional degrees business, geoscience, engineering, and (or) computer science can have a great long term benefits.

28 Explore your Universities resources Include your University recruiting and placement offices Attend resume and writing workshops Join out of department presentations Reach out to professors for advise and job possibilities Participate in AAPG IBA competitions Participate in mock interviews

29 Market yourself Present your undergrad and/or graduate research at all applicable venues. Internal symposiums Local society meetings Also regional or national/international meetings Use travel and attendance funds to network, share your research, and hone presentation skills. Posters allow you to interact with other scientists, sometimes more than oral presentations

30 Refer to this website for a list of all Sections Refer to this website for a list of all Regions Many jobs (possibly 90%) are not advertised and only acquired through networking. There are hidden opportunities at all times during your career

31 Network with professionals outside of the AAPG? Consider YPE YPE members have access to a network of 40 chapters worldwide with: Engineers, landmen, financial analysts, lobbyists, governments employees, accountants, attorneys, commercial and investment bankers, A&D professionals, principal investors, consultants, roughnecks, YPE mission is to facilitate the advancement of young professionals in the energy industry around the world through social, educational and civic service oriented events. YPE vision is for its members to be the best leaders for their communities and for the global energy industry.

32 Networking Travel and grants Education Speaking Cross-discipline Research opportunities

33 When times are tough, get educated! Richard Green Reservoir Eng. for Petr. Geo Lots of available courses offered through AAPG: Bear Trap Scholarships offered for many Courses and forums plus highly discounted rate for individuals who have been laid off

34 Discounts Available to Students Student member discounts reduction of cost for student members Grad student projectionist program help to make courses run more smoothly, and in exchange, be able to take the course Get out of the Bear Trap Discount discount for industry professionals laid off during the down turn up to a 75% discount on course costs!

35 Inputs to power as a share of total primary energy Primary inputs to power 50% 100% Oil 40% 75% Coal 50% 30% 25% Gas Nuclear Renew. 20% BP Energy Outlook 2035 Hydro 0% BP p.l.c.2-15

36 Share of world power generation Growth of non-fossil power Thousand TWh (tera-watt hours) 40% 6 OECD Non-OECD 30% Total non-fossil 5 4 Renewables Hydro 20% Hydro 3 2 Nuclear 10% Nuclear 1 Renewables 0% BP Energy Outlook BP p.l.c.2-15