Amid the unprecedented downturn in oil and gas markets, oil and gas operators significantly reduced their workforces. As a consequence, they are likely to face a major talent shortage—especially among petrotechnical professionals (PTPs)—when the market rebounds. This looming talent crisis could cripple their businesses.
Closing the pending talent gap will be tough. Digital innovations require new skillsets. At the same time, neither the PTPs who recently left the industry, nor recent college grads are willing or able to step up.
It’s critical for operators to devise new strategies to build their Supply Chain of Talent™ and ensure they have the future workforce needed to stay competitive.
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