While 2009 proved an extremely difficult year for all industries, the predictions for the gas and oil industries would seem to be extremely positive. This also bodes well for the creation of more oil jobs and careers for those looking to move into this buoyant industry.
Oil and Gas To Soar in 2010
A report from the World Offshore Drilling Forecast has suggested that the amount of rig spends will increase and that drilling exploration is set to expand by a further 7% over the next three years. Not only is this good news for those in existing oil jobs and oil careers, but it is an exciting prospect for those looking to become a part of the industry. New oil rigs means the creation of new jobs in every aspect of the industry, from drilling jobs and oil rig jobs to those in the upstream positions of oil production.
As the stability of the oil and gas industry also has a profound effect on other industries, this news may also have a beneficial effect on the world's economy in general; and it's news that couldn't have come at a better time.
Market Reports from oil industry analysts Douglas Westwood forecast an increase in spending in the oil industry of over 32% between the years 2009 and 2013. A side effect on the industry as a whole is that it will expand opportunities for production and recruitment with the smaller and medium sized oil companies, who have been the first to suffer in the face of the recent economic downturn. These companies, however, have acted shrewdly during the recession by freezing jobs and wages, rather than opting to streamline their workforces. This puts them in a prime position to return to production without hindrance, and offer new oil jobs as the economic recovery takes hold.
Eyes to the Future
It would seem to be something of a paradox that, as oil reserves are reported to be dwindling, the oil industry is set to increase its drilling and production potential. However, Steve Redgrave, the chairman of Podrill predicts that the industry is 'moving into a higher oil price and lower rig rate environment and so expects to see a surge in drilling activities.' Countries such as the former Soviet Union, East, North and West Africa and South America have large and previously unexplored hydrocarbon reserves. As the global recession finally begins to relinquish its grip on the world economy, smaller oil companies have started exploration in these areas and it is likely that the larger companies will follow suit. Once again, this can only mean an increase in the creation of new oil jobs and oil careers. According to the AGCC oil and gas report, 50% of existing companies are expected to increase their recruitment opportunities over the next three years, which will offer substantial opportunities for those looking for those looking to work in a variety of opportunities across the globe.
In addition, many governments, including the UK government, are offering tax breaks and financial incentives in a bid to kick-start oil production and research. While other industries have wavered in the face of economic crisis, the oil industry has stood fast, with its eyes to the future. With the recession slowly beginning to fade, the opportunities it has been preparing itself for have started to bubble to the surface. It seems that the oil industry's gamble is paying off.
About the Author:
Duncan freer - Director - Oil Careers and Gas Jobs Search is a job site dedicated to the specific needs of candidates who work in the Oil and Gas industry. We also provide recruiters with an online service that is effective in terms of cost and ease of use. Contacts For interviews, images or comments contact: Duncan Freer Marketing Manager Email: dfreer@oilandgasjobsearch.com
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