Diversification – Why O&G Requires New Talent from Different Industries
Thomas Sparks, Head of Strategy, Siemens Oil & Gas.
The “lower-for-even longer” oil price environment is forcing significant changes within the O&G industry. In order to remain competitive, the industry must find innovative ways to lower CAPEX and OPEX, as well as increase recovery to generate more cash. The good news is that many other industries already have gone through this change process and have learned to continuously drive costs out by leveraging new technologies, new business models and new skill sets. This session will focus on how oil and gas organizations can apply the lessons learned from other industries, ultimately creating more diverse and dynamic organizations that are better equipped to deal with an increasingly volatile energy environment.
• Learn the types of new talent O&G companies require, especially in terms of digital expertise.
• Identify which industries offer the best “fit” in terms of skills for the oil and gas industry of the future.
• Understand how new talent differs from the traditional oil and gas employee (expertise, process
mindset, decision making, work environment).
• Understand the cultural impacts of these new skill sets in terms of traditional oil and gas company
organizations, structures, processes and resource planning.