Country for PR: United Kingdom
Contributor: PR Newswire Europe
Wednesday, March 13 2019 - 09:07
AsiaNet
Workforce of the Future Survey: Nearly Half of Millennial and Generation Z STEM Talent Are Interested in a Career in the Oil and Gas Industry
HOUSTON, March 13, 2019 /PRNewswire-AsiaNet/ --

The oil and gas industry is facing strong competition in attracting science, 
technology, engineering and mathematics (STEM) talent, with 44% of STEM 
Millennials and Generation Zs (Gen Z) interested in pursuing a career in oil 
and gas, compared to 77% in the technology sector, 58% in life sciences and 
pharmaceuticals, and 57% in healthcare – according to the inaugural global 
"Workforce of the Future" survey released today by the Abu Dhabi National Oil 
Company (ADNOC) at CERAWeek by IHS Markit, the world's premier energy event. 
The survey was commissioned by ADNOC to examine future workforce and employment 
trends in the oil and gas industry, particularly as the industry looks to 
attract STEM talent and enable the 4th Industrial Age. This is in line with 
ADNOC's Oil & Gas 4.0 mission to help meet the world's increasing demand for 
energy and higher-value products – by fostering a dynamic and performance-led 
culture that cultivates talent and applies the latest technology to optimize 
resources.

The survey interviewed STEM students and young professionals aged 15 to 35 in 
10 countries – across North America, Europe, Asia, and the Middle East, 
representing a mix of significant global economies, and producers and consumers 
of oil and gas – and looked at their perceptions across multiple STEM-related 
industries, including oil and gas, and the skills they value and believe are 
required to succeed in these industries. 

Key findings include:

- "Salary," "work-life balance," "job stability," "on-the-job fulfilment," and 
"a good work environment" are ranked the top five drivers behind potential 
career choices for STEM Millennials and Gen Zs.
- Young STEM talent also associate the oil and gas industry with high salaries 
and see it as an industry that is invaluable. "The industry pays well," "the 
industry is crucial for their country's economy and development," and it is "an 
industry we couldn't live without," are ranked as the top three positive 
attributes about the industry.
- STEM Millennials and Gen Zs show the most interest in industries that they 
believe will be most impacted by new technologies. Globally, 42% say that new 
technologies will have a major impact on the oil and gas industry, while 56% 
say the same for healthcare, 53% for life sciences and pharmaceuticals, and 73% 
for the technology industry.

His Excellency Dr. Sultan Ahmed Al Jaber, UAE Minister of State and ADNOC Group 
CEO, said: "The findings from the ADNOC 'Workforce of the Future' survey show 
that the more STEM Millennials and Gen Zs associate oil and gas with new 
technologies, the more interested they will be in a career in the industry. The 
oil and gas industry should position itself at the cutting-edge of technology 
and showcase how breakthrough innovation is vital to every aspect of our 
business – across the upstream and downstream value chain.
"As we enter the 4th Industrial Age, we need to come together as an industry 
and 
– with our technology industry partners – better highlight the exciting 
opportunities our dynamic industry offers to young talent with strong 
technology skills," he added.

The results also show that STEM Millennials and Gen Zs appear divided on 
whether oil and gas is an industry of the future (45%) or the past (44%). The 
data also indicates a mismatch between what STEM Millennials and Gen Zs see as 
the most important skills to succeed professionally versus what they see are 
the most important skills for a career in the oil and gas industry.

"Information technology and computer" skills (37%) and "creativity and 
innovative thinking" (33%) are seen as the most important skill-sets for 
succeeding in the future, but only 18% see "IT and computer" and "creativity 
and innovative thinking" as important skills for a career in oil and gas. 
Similarly, while 26% say programing languages are key for future professional 
success, only 11% view it as an important skill in the oil and gas industry.

The data also shows that some experience in the job market and a tertiary 
education in STEM subjects can help change perceptions positively towards a 
career in the oil and gas sector. While interest is low among secondary 
school-age STEM students (37% are interested in a career in oil and gas), this 
figure rises to approximately half (51%) of young professionals being 
interested in pursuing a career in the sector – representing a 14-point 
increase.

H.E. Dr. Al Jaber added: "Oil and gas has always been – and will continue to be 
– an industry of the future that is at the forefront of technology and 
innovation. It is an exciting time for STEM talent to join the industry, 
particularly as we advance our Oil & Gas 4.0 mission and embrace new 
technologies and partnerships for digital and technological transformation 
across our entire operations," concluded H.E. Dr. Al Jaber.

To download a copy of ADNOC's inaugural global "Workforce of the Future" 
survey, please visit www.adnoc.ae

For more information about PSB Research, please visit www.psbresearch.com

For more information about, ADNOC please visit www.adnoc.ae


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SOURCE: ADNOC
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