Dhahran, Saudi Arabia
Human capital development is a key element in building resilient and crisis-proof businesses. Currently the E&P workforce is going through major demographic change, which has generated some talent gaps in certain specialties. Moreover, every month the workplace is becoming increasingly digitized as digital technologies dominate the E&P landscape. The rapid developments in technologies requires quick adoption, otherwise companies may not retain their competitive advantages and will subsequently miss out on existing and/or emerging opportunities. Furthermore, new technologies utilizing AI and robotics will make some current E&P jobs obsolete, whilst new positions, that require new skill sets, will be created. We have to be ready to embrace a digital world. It is only through well thought out talent development strategies that a resilient organization can be built, a successful organization with an agile and a competitive workforce that ensures continuous profitability.