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3rd Brainstorming session Industry- Academia Interaction

3rd Brainstorming session Industry- Academia Interaction. Workforce Sustainability & Talent Management in India Oil & Gas Upstream Industry A Study conducted by PETROFED in association with Knowledge Partner PricewaterhouseCoopers Deepak Mahurkar, Associate Director, PwC October 17, 2008.

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3rd Brainstorming session Industry- Academia Interaction

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  1. 3rd Brainstorming session Industry- Academia Interaction Workforce Sustainability & Talent Management in India Oil & Gas Upstream Industry A Study conducted by PETROFED in association with Knowledge Partner PricewaterhouseCoopers Deepak Mahurkar, Associate Director, PwC October 17, 2008

  2. Contents Introduction Approach & Methodology Key Findings: Demand-Supply Gap Analysis Recommendations: Stakeholder-wise action steps

  3. Contents Introduction Approach & Methodology Key Findings: Demand-Supply Gap Analysis Recommendations: Stakeholder-wise action steps

  4. Shortages in the Oil & Gas Industry Globally, for the last several years, Oil & Gas industry has been plagued by shortages. Refining Capacity Capacity of service & Supply Cos. Supply of Oil Shortages Talent

  5. Global Talent Squeeze Engineering talent squeeze is likely to cause further delay in oil & gas production projects through 2010. • 400 major projects in the next 5 years • >55,500 engineering personnel required in 2010 • Engg and Proj Mgt personnel insufficient to meet 2007 upstream project demand • With an average age of 51 years, over 50% of today’s workforce will retire by 2015 (6% attrition p.a.) • Lack of experienced staff in the early-stage concept and pre-feasibility work phase expected to delay projects

  6. PetroFed Manpower Study Recognizing the talent crunch being experienced by the E&P sector owing to the boom in the oil and gas upstream activity, MoPNG had advised PetroFed to conduct a detailed study and suggest actions. • The study initially estimated manpower demand based on the projected E&P activity in India over the next 10 years and the findings were presented to MoPNG and its views were noted for finalisation of the report in particular to include opportunity India may have for bridging global shortage of talent. • Four scenarios of offering basinal areas for E&P activity were used to project the requirement of trained manpower in subsequent rounds of NELP bidding . • Inputs were obtained from leading organizations in the E&P sector (public sector, private sector and the oil field service companies), MoPNG and educational institutions. • These were supplemented with PwC’s in-house research and secondary research information available in the public domain. • A comparison of manpower demand and supply was used to assess workforce issues. • The findings of the study were discussed with HR Directors of PSU Oil companies, senior industry officials, some CEOs and senior officials of Service Companies and their comments were considered to finalise the study. • A report on the study was submitted to MoPNG in August 2006.

  7. Contents Introduction Approach & Methodology Key Findings: Demand-Supply Gap Analysis Recommendations: Stakeholder-wise action steps

  8. Approach & Methodology Study covered scenarios of human resources availability in the upstream industry and commented on the potential India has to develop such resources to service local and global needs of trained resources and actions needed.

  9. Approach & Methodology 4 stage - activity based workforce projections model was used to project the manpower requirements for the projected E&P activity in India.

  10. Contents Introduction Approach & Methodology Key Findings: Demand-Supply Gap Analysis Recommendations: Stakeholder-wise action steps

  11. Scenario Addition of 12% area on an annual basis from 2007-10 1 • …. Scenario Addition of 12% area once every 2 years from 2008-14 2 Scenario Addition of 12% area once every 3 years from 2008-17 3 Scenario Addition of variable % of area once every 2 years from 2008-14 4 Key findings: Demand-Supply Gap Analysis 4 scenarios of acreage release by the GoI were considered. Source: PetroFed Manpower Study – PwC Analysis

  12. Key findings: Demand-Supply Gap Analysis India’s Oil & Gas industry is expected to face acute shortage of critical E&P skills in next ten years. • Demand-Supply Gap using Scenario 2* * Scenario 2 selected as most likely based on presentation to MoPNG Source: PetroFed Manpower Study

  13. Key findings: Demand-Supply Gap Analysis E&P skill-sets take time to be developed. We have to act now to address such an alarming “talent squeeze” situation. Source: Scenario 2, India - PetroFed Manpower Study

  14. Key findings: Demand-Supply Gap Analysis At entry level, limited awareness of job opportunities driving students to other industries. >850* critical skills to retire in the next decade. 56%* • Of the 400+ Petro-technical students graduating annually only 56% join O&G industry. • Import of skills • Poaching of mid-career talent (4% • overseas attrition) • Hiring of Indian talent at entry level • to feed global demand (12% talent • generated went overseas) *PwC E&P Education Institute Survey 2006

  15. Contents Introduction Approach & Methodology Key Findings: Demand-Supply Gap Analysis Recommendations: Stakeholder-wise action steps

  16. Capacity build up through expansion as well as addition of institutes Attract high caliber students into the courses Recommendations: Stakeholders-wise action steps A Comprehensive “employment life-cycle planning” approach is required to address India’s E&P talent crunch situation. Education • Recruitment strategy to hire best talent • Specialized training to help develop the skills in the shortest time • Retention programs Entry • Ensure effective utilization of resource • Career planning and coaching/ mentoring to maintain talent quality • Retention programs Mid-Career • Utilizing vast experience base to nurture younger talent through coaching and mentoring ahead of superannuation and post retirement Retirement

  17. Recommendations: Stakeholders-wise action steps • “Go Explore” campaign • Joint Committee of MoPNG & HRD Ministry to monitor talent requirements • Budgetary support (OIDB) for new institutes • Curriculum review of existing institutes • Financial assistance for infrastructure enhancement Government • Full involvement in Industry-Academia interface • Enhance infrastructure and curriculum • Establish feedback and audit mechanism • Implement attractive programmes to orient students to O&G ind. • Cater to global opportunities through collaborations, exchange programmes etc. • Manpower planning with Joint Committee • Industry-Academia interface • “Go explore” assistance • Set up mechanisms for knowledge transfer • Industry sponsorship, scholarship schemes • Apprenticeship, training opportunities for students Industry Academia

  18. Thank you

  19. Demand side projections - Scenarios

  20. Demand side projections - Scenarios Organization & Work Groupings in the Upstream activity Exploration Exploration Drilling Developmental Drilling Production SEISMIC FIELD PARTY / PROCESSING MDT WELL CREW SURFACE FACILITY DEV. CREW SURFACE CREW PRODUCTION DRILLING CREW

  21. Demand side projections - Scenarios Academic/Experience profile of roles in upstream working groups Source: PwC Analysis based on industry interaction

  22. Demand side projections - Scenarios Education and experience criticality of various skills Source: PwC Analysis based on industry interaction

  23. Demand side projections - Scenarios for critical skills with high experience

  24. Demand side projections - Scenarios for skills requiring low/medium education with high experience

  25. Demand side projections - Scenarios for skills requiring general education with low experience

  26. Demand side projections - Scenarios for skills requiring low/medium education with moderate level of experience

  27. Supply side estimation – Key Stakeholders

  28. Supply side estimation The fresh talent pool for the E&P industry is sourced from amongst science graduates, engineers and diploma holders. An overview of our educational set-up viz these streams is provided below: Source: Numbers in bracket indicates intake for the colleges listed in next slide

  29. Supply side estimation The E&P sector requires specialist skills in the form of technical graduates with specialization in courses related to petroleum, earth-sciences and processes like drilling. The number of institutes offering these courses is limited and has a low intake on an annual basis. The top institutions for sourcing talent educated in E&P related studies and the courses/certifications awarded therein, are listed below: Source: Numbers in bracket indicates intake for the colleges listed in next slide

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