VGP Career Slides Set

General Industry Trends

 

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Talking Point:

In summary:

While production rates have exceeded discovery rates for the last 20 years,

  • Large volumes of discovered oil remain undeveloped, in challenging areas that will require the best in technology and creativity for us to access

There will be exciting new discoveries in different areas of the world,

  • but the decline in overall exploration success is expected to continue

The biggest prizes await those who are globally mobile,

  • in areas like the Middle East and Former Soviet Union,
  • and those able to work effectively with the cultures and bureaucracy of National Oil Companies

Challenging and rewarding careers are available now

  • in both exploration and production
  • where success will reward those with creativity and technical acumen.

Throughout the world..