Oil and Gas Workforce Solutions An Introduction

The oil and gas industry is one of the largest sectors in the world in terms of dollar value, generating an estimated 5.3 trillion in global revenue as of 2024 1, 2 . Oil is very crucial to the global economic framework, impacting everything from transportation to heating and electricity to industrial production and manufacturing.The oil and gas services refer to products and processes that support the oil and gas industry, including energy exploration, transport of petroleum and gas to refineries, and the processing and delivery of energy assets to market. Other companies offer supportive services to the oil and gas industries, for example, providing IT solutions, help from experienced third party business and technology consultants, leading to producers to save money, operate more efficiently, as well as plan and implement new business models. The oil and gas sector is divided into three parts, vis à vis 1 the upstream, or exploration and production EandP companies, which find reservoirs and drill oil and gas wells, 2 the midstream companies are responsible for transportation from the wells to refineries, and 3 the downstream companies which are responsible for refining and the sale of the finished products. This paper looks into the oil and gas workforce solutions, the benefits, the challenges they face, and the way forward. Paul A. Adekunte | Matthew N. O. Sadiku | Janet O. Sadiku "Oil and Gas Workforce Solutions: An Introduction" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-4 , August 2024, URL: https://www.ijtsrd.com/papers/ijtsrd68313.pdf Paper Url: https://www.ijtsrd.com/other-scientific-research-area/other/68313/oil-and-gas-workforce-solutions-an-introduction/paul-a-adekunte