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May 19, 2020

Offshore industry faces skill shortages as experts look to change careers

A recent survey, from data analytics company Broadbean Technology and job board OilandGasjobsearch.com, has shown that the falling price of oil and lack of investment in the oil and gas industry will likely result in a “major skills shortage,” as experts are looking to exit the field.

By Yoana Cholteeva

A recent survey, from data analytics company Broadbean Technology and job board OilandGasjobsearch.com, has shown that the falling price of oil and lack of investment in the oil and gas industry will likely result in a “major skills shortage,” as experts are looking to exit the field.

The companies’ survey has also revealed that 93% of professionals in the industry are out of work, with 42% laid off and 12% furloughed in light of the lockdown measures. The data has also revealed that 36% are looking to change careers after Covid-19, a step which could see the already skills-short oil and gas field facing a significant lack of talent in the long-term.

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