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PTP Effectiveness for Sustainable Growth

PTP Effectiveness for Sustainable Growth. SPE Thailand Dinner Talk 26 th March 2008. High Oil Prices. Source: International Energy Outlook 2007 – EIA DOE. +75% in 5 Yrs. Source: Baker Hughes Rig Count as of February 2008. Recruitment targets for Petrotechnical Professionals.

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PTP Effectiveness for Sustainable Growth

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  1. PTP Effectiveness for Sustainable Growth SPE Thailand Dinner Talk 26th March 2008

  2. High Oil Prices Source: International Energy Outlook 2007 – EIA DOE

  3. +75% in 5 Yrs Source: Baker Hughes Rig Count as of February 2008

  4. Recruitment targets for Petrotechnical Professionals Global Demand for Petrotechnical Professionals * Comparison between Recruitment targets of G&G and PE 2005-2010** *Petrotechnical Professionals = Geologists, Geophysicists & Petroleum Engineers **China excluded, Service companies excluded Source: 2005 and 2007 Schlumberger Business Consulting O&G HR Benchmark

  5. 10,000 10,000 8,000 8,000 6,000 6,000 Actually entering E&P** Actually entering E&P** 4,000 4,000 2,000 2,000 0 0 2006 2007E 2008E 2009E 2010E 2006 2007E 2008E 2009E 2010E Demand for Geologists &Geophysicists Demand for Petroleum Engineers Supply of PE from “Schlumberger 85 universities” Supply of G&G from “Schlumberger 85 universities” Net Supply of PE (80% entering E&P Industry) Net Supply of G&G (60% entering E&P Industry) Competition for top universities remains fierce Geosciences Top University* Supply vs. Demand 2006-2010 Petroleum Engineers Top University* Supply vs. Demand 2006-2010 * 85 universities selected by Schlumberger worldwide (China excluded) ** Schlumberger estimates: 60% of Geosciences graduates enter E&P industry, 40% enter other industries; 80% of Petroleum Engineering graduates enter E&P industry, 20% enter other industries Source: 2007 Schlumberger Business Consulting O&G HR Benchmark

  6. A Big Crew Change A Mature Company A Young Company

  7. Creating Expertise Tension New Project Difficulties Available Experiences

  8. “Price War” for PTP During Past 10 Years For New Graduates Salary > 100% Inflation < 50%

  9. Insufficient Experience Growth Growth PTP Number PTP Experience Time

  10. Seeking Sustainable Growth  Maximize Productivity of Experienced  Expedite Development of New Recruits  Optimize Deployment & Sharing

  11. Maximize Productivity • Technology to Increase Productivity • Work Processes • Workplace Environment • KM – Community of Practice

  12. Expedite Development • KM – Knowledge Transfer • Structured Training Programs • Development Assignments • Mentoring / Coaching

  13. Accelerated Development

  14. Optimize Deployment • Expertise Inventories • Priority Projects • Growth vs. Producing Assets • Restructuring for Synergy • Outsourcing Work • Mentoring Role for Retirees

  15. Finally, Industry in a Bubble? • New Expertise Not Realized Until Future • Escalation of PTP Costs • Huge Investments for Uncertain Future? • Will We Have Too Many PTP? • Will We Reach a Saturation Point? • Contingency for Industry’s Downturn?

  16. THANK YOU

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