VGP Careers

Slide1: 

GEOSCIENCE CAREERS room to grow… Bata-1 Gas Discovery, Sumatra Photo by Chuck Caughey

Slide2: 

Modified from Lloyd & Kaldi 2002 THE GEOSCIENCE GRADUATE’S OPTIONS Minerals Oil & Gas Environment, Engr, Other

Slide3: 

THE PRODUCTIVITY “GAP” Modified from Kaldi, 2004 Photo by Bennett, 1885, from Wolf, 1983 cac 2006, photo by Wolf 1983

Slide4: 

START UNI PRODUCTIVE PETROLEUM GEOSCIENTIST Kaldi, 2004

Slide5: 

Kaldi, 2004

THE GENERATIONS: 

THE GENERATIONS Traditionalists 1925-45 Resistant to high tech Value stable environment Want to leave a legacy Baby Boomers 1946-64 Willing to learn Try to build successful careers Generation X 1976-80 Adept with technology Look for portable careers Generation Y 1981-02 Technologically superior Respectful of tradition Embrace diversity Seek dual careers with spouses AAPG Explorer, 3/05 p. 31

Slide7: 

Worldwide Workers 04

Slide8: 

Katz, 2003 AAPG Data normalized to exclude non-geoscience employment Post Graduation Jobs for Geoscientists, US & Canada

Brain Drain(top 25 US O&G Companies): 

Brain Drain (top 25 US O&G Companies) Jobs Continued Decline (-4.1% in 2004) 21,000 industry jobs lost in 2004 514,000 jobs now, with record oil prices 1,110,000 decline from last boom in ‘81 Productivity Increase: Driven by Technology 10.6% compound annual growth since ’94 Helped offset job losses in the slowdown Provides no cushion for rebound Stats from John S. Herold study, Market Watch 19.04.05

Slide10: 

MEDIAN AGE OF AAPG / SPE MEMBERS 1990 2000 AAPG AAPG SPE SPE 39 37 49 46 Modified from Lloyd & Kaldi 2002

Slide11: 

MEDIAN AGE OF AAPG / SPE MEMBERS 1990 2000 AAPG AAPG SPE SPE From AAPG/SPE 39 37 49 46 In the next 7 years, 40-70% of Geoscientists will be eligible to retire Modified from Lloyd & Kaldi 2002

2004 Grads (US): 

2004 Grads (US) 43,000 law students 430 geologists 279 petroleum engineers AAPG Explorer Mar 2005 p. 31

Dynamics of Oil Supply & Demand: 

Dynamics of Oil Supply & Demand Oil $67/bbl, Sept 2005 cac 2005 Oil $76/bbl, July 2006

Slide14: 

Rose, AAPG Explorer, Oct 2005, p. 3

Exploration Activity: 

Exploration Activity Declined Worldwide over last 20 yrs 1 bbl discovered for every 4 bbls consumed (Halbouty, Explorer 8.04 p. 36) More oil consumed than discovered every year since 1985 (Wells, OGJ 2/21/05 p. 21) cac 2005

Global Discoveries DecreasingGlobal Production Increasing: 

Global Discoveries Decreasing Global Production Increasing (Heavy oil includes bitumen & assumes primary and secondary recovery) Source: Laherrere, 2003; Longwell, 2002; USGS Billion BOE per year Replacement ~ 50% Production Annual Production

Oil Produced and Remaining: 

Oil Produced and Remaining 952 bbo produced thru 2004 Represents 32% of total reserves remaining recoverable (outside US) 859 bbo remaining discovered 649 bbo undiscovered 612 bbo reserve growth (existing fields) cac 2005; McCabe, OGJ, 25 Apr 05 p. 32-33

Oil Discoveries and Reserves (Brian Maxted quoted by Shirley, AAPG Explorer, 8.04 p. 8-9): 

Oil Discoveries and Reserves (Brian Maxted quoted by Shirley, AAPG Explorer, 8.04 p. 8-9) Ultimate resource base 2.5 tbo 1.9 tbo already discovered 0.6 tbo remaining to be found 90% will be found outside of N America Discovery rate peaked in 1960s 1990s discoveries 75% gas Only 1/3rd of total found in 1980s Strat traps increasingly important Now almost 40% of total Up from 10% 50 years ago cac 2005

Remaining Global Oil & Gas Resources: 

Unconventional is ultimate recoverable heavy oil reserves from primary recovery. Source: U.S. Geological Survey, IEA Remaining Global Oil & Gas Resources

Control of Proven Oil Reserves: 

Control of Proven Oil Reserves Source: PFC Energy Bid Rounds Negotiated

World Oil Balance: 

World Oil Balance OGJ 22.11.04 p. 71

Per Capita and Total World Demand for Oil: 

Per Capita and Total World Demand for Oil 2002-2003 figures from OGJ 17 Apr 04 (except Indonesia) *MMbo/day

Slide23: 

World Fuel Consumption: 1975-2000 8,000 6,000 4,000 2,000 0 1975 1985 1995 Million tonnes oil equivalent Year Oil Natural Gas Nuclear Energy Hydroelectricity Coal Cook and Sheath From Armentrout, 2000, AAPG.org

Slide24: 

OGJ 13.Dec 04 p. 24 Future GOM Oil and Gas Production

US Exploration Switches to Gas: 

US Exploration Switches to Gas Nina M. Rach, OGJ 20.09.04 p. 43

General Industry Trends: 

General Industry Trends Production rates exceed discovery rates Large volume of discovered resource is undeveloped mainly gas & heavy oil in remote or sanction areas Discovery rate continues to decline long term Will be perturbations – DW, N.Caspian etc. Geography & control of undiscovered reserves Middle East, FSU, NOC > 75% New resource discovery & development of discovered resource will be key and challenging Understand market & technology drivers CAC 06, mod from Langtree 05

Slide27: 

Gas Oil GLOBAL OIL AND GAS FIELDS Modified from Armentrout, 2000, AAPG.org

Living & Working Abroad:Concerns: 

Living & Working Abroad: Concerns Culture Shock Medical Services & Infrastructure Exposure to Disease Security Concerns and Stress Family Concerns Living remote from family & friends Schools and Child Care Spouse Work and Activities Access to Consumer Goods CAC 2006

Living & Working AbroadAdvantages: 

Living & Working Abroad Advantages Exposure to New Culture & Friends Exciting Work Environment Increased Responsibility Travel Lifestyle Compensation & Benefits CAC 2006

Slide30: 

The Petroleum Geoscientist - A Detective Predicts where oil and gas occurs by using well data and ‘remote sensing’ Uses tools to gather data - gravity and magnetics rock distribution and properties geophysical imaging computer process & visualization Uses concepts to develop models: structural concepts, petrol systems, etc Makes economic analysis and recommends drilling From Armentrout, 2000, AAPG.org

Slide31: 

Geologic Mapping and Sampling Gravity Magnetics Armentrout 2000, from American Petroleum Institute, 1986 Seismic Reflection Geologic Mapping JMA

Stratigraphy:: 

Stratigraphy: Understanding the processes creating sedimentary units Record missing due to erosion: Must recon -struct history from regional data MESOZOIC & CENOZOIC Rock Physics Sedimentary Modeling Carbonate Analogues Depositional Systems Sequence Stratigraphy Petrophysics and Paleontology Clastic Sedimentology From Armentrout, 2000, AAPG.org

Structural Geology: 

Structural Geology 3D Kinematic Model Building Physical Models as Guides to Interpretation Oblique Slip Model Case Histories: Outcrop and Seismic Modeling: Physical and Computer Stratigraphic Consequences Physical Models Seismic Interpretation From Armentrout, 2000, AAPG.org

Exploration Geochemistry:: 

Characterizing the type, history and origin of petroleum Exploration Geochemistry: Inorganic & Organic Sedimentology From Armentrout, 2000, AAPG.org

Reservoir Characterization:: 

Reservoir Characterization: Reservoir Characterization focuses on data integration to model reservoir architecture and flow properties TIME CUM PROD Volumetric and reserve estimation Geosteering Reservoir simulation Seismic visualization Resistivity modeling Outcrop studies Geostatistics Fracture characterization Production data inversion Reservoir Optimization Sedimentology Fluid Flow Computer Simulation QUANTIFIED UNCERTAINTY From Armentrout, 2000, AAPG.org

Slide36: 

Computer Simulation and History Matching Mobil JMA From Armentrout, 2000, AAPG.org

Job Market ExpectationsBy Employers: 

Required Traits Job Market Expectations By Employers Self-motivated Computer Literate Well Educated Team Player Excellent Communicator Modified from Armentrout, 2000, AAPG.org

GEOSCIENCE SKILLS: 

GEOSCIENCE SKILLS Companies differ, but All favor a mixture: science, computer, non-tech Geology & Geophy Fieldwork and mapping experience are important Top Technical Skills: Petroleum Geol Geophysics Sedimentology Mapping Strat/Sequence Strat Petroleum Systems Regional Geology Reservoir Geology Heath, 2002

COMPUTER SKILLS: 

COMPUTER SKILLS PC skills Required Word Processing Spreadsheet Presentation Workstation Try to get exposure Interpretation most important: Landmark, Charisma, etc. Heath, 2002

NON TECHNICAL SKILLS: 

NON TECHNICAL SKILLS Initiative Ethics and Integrity ENTHUSIASM Adaptability Cooperation Oral Communication Grasp & Summarize Key Issues Heath, 2002

Slide41: 

PRESENT REALITY: RELEVANT INTERACTIVE RESEARCH Kaldi, 2004

Career Strategies: 

Career Strategies Set Goals – Direction Timing Prepare to Compete Stay Versatile Be Patient Network Keep Growing Find, use a Mentor Develop New Skills CAC 2005

Professional SocietiesWhy Join?: 

Professional Societies Why Join? Learn about your future career Increase your knowledge with exposure to leaders in science and industry Expand interpersonal, organizational, & management skills Network – interaction with peers Helps you throughout your career

AAPG STUDENT BENEFITS: 

AAPG STUDENT BENEFITS Great Publications: Bulletin, Explorer Books, Books, Books Publication Pipeline Discounts on AAPG Books $500 Book Gift (3 yr cycle) Grants-in-Aid for Grad Study Weeks Grants (SC and student)

WEEKS GRANT2003 awards: 

WEEKS GRANT 2003 awards $500/yr for Chapter $500/yr for Student

STUDENT CHAPTER ACTIVITIES: 

STUDENT CHAPTER ACTIVITIES Distinguished Lecturers from AAPG and Industry Short Courses and Seminars Field Trips Exhibits at Conferences Other Events: on Campus & off Campus Univ Sriwijaya geophysical survey in Sumatra, 21 Feb 2004

Why stay an AAPG Member through your career?: 

Why stay an AAPG Member through your career?

Slide48: 

Basic Programs Included in Membership Professional Development And Outreach Programs Mostly Subsidized Discounted and/or Supported Included in Membership Personal Member Programs Professionalism Membership Value Pyramid

Professional Standing & Recognition: 

Professional Standing & Recognition Code of ethics Membership limited to trained & experienced professionals Professional certification available Networking opportunities Present your work at meetings & conventions Regional & international contacts & events Honors & Awards