Crew Change approaching do we have a plan? Houston we have a problem?

Unfortunely the markets do not realize it will be very complex to maintain the production of energy resources due to a critical part of the equation, the human resources.

The energy companies agressively hired new graduates on the high end of the market when oil prices reached 140 USD/barrel, pretending to turn them into drilling and production engineers in short tranning programs.

The misconception with this is that it takes years of field experience to have a good drilling engineer, some of the new engineers hardly stepped into a drilling location. This can cause in the future costly procedural errors and safety exposure for the operating companies.

The cyclic nature of the oil price hurted seriously the attendance of the universities during the lows and there is not enough engineers for the future.

What to do?, my suggestion is do not layoff engineers the cost and time to train and develop is long and expensive as simple as that. Is smart to look at the other departments of the company to do the cuts.

See ya soon!

Driller