Oil firms are looking to bridge the skills gap in the industry while increasing the local workforce.
The oil and gas industry has suffered from skill shortages for more than two decades, but companies operating in the UAE find it even harder to entice nationals to pursue a career in hydrocarbons.
“UAE nationals are a smaller population with the economy growing in different sectors, creating more opportunities and competition,” said AbdulKarim Abdulla Al Mazmi, the general manager and chief representative for BP UAE.
To better understand how to tackle this problem, BP’s upstream business in the Middle East region had Oxford Strategic Consulting (OSC) conduct research on attracting Emiratis and Omanis to the sector, interviewing more than 500 people from these countries.
The British/GCC consultancy, specialised in building human capital, found that the engineering field garnered one of the top interests among high school students.
Nearly 34 per cent of them were interested in studying engineering; however, that number dropped to 11 per cent among university students. “The challenge is finding the right Emirati with the right skills,” Mr Al Mazmi said.
OSC suggests that oil and gas companies sponsor science, technology, engineering and mathematics (Stems) tutoring centres in UAE high schools. These academic hubs would demonstrate the firm's commitment to developing the skills that are most vital to the sector.
"This type of initiative would be a win/win for both Emirati students and oil and gas companies," the consultancy's public relations head and senior analyst Robert Mogielnicki said.
BP looked further to dispel some of the industry myths by running a number of “Discovery Days”, allowing graduates to visit the company’s worksites and offices to see first-hand what it is like to work in the sector.
The OSC chairman, William Scott-Jackson, said that Emiratis prefer to join companies that were personally recommended.
“We recommend extending the company’s network by using a highly tailored version of executive search as the main recruitment process,” he added. BP financed innvoation and entrepreneurship programmes at the Masdar Institute of Science and Technology.
Many oil companies are running fast-track graduate programmes similar to BP’s three-year Graduate Challenge Programme. The initiatve focuses on early development for technical and professional careers.
Training graduates in the field does not mean that the students will go to the company that had a hand in the training. However, that does not deter BP. “You will not retain everyone that you train, but we see them as our ambassadors because we invested in them,” Mr Al Mazmi said.
The oil major is looking to increase its national participation within the company, currently totalling around 70 per cent of the workforce in Oman and 18 per cent in the UAE. “We are committed to nationalisation – the priority is to look for an Emirati first,” he said.
lgraves@thenational.ae
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Global state-owned investor ranking by size
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Zombieland: Double Tap
Director: Ruben Fleischer
Stars: Woody Harrelson, Jesse Eisenberg, Emma Stone
Four out of five stars
The candidates
Dr Ayham Ammora, scientist and business executive
Ali Azeem, business leader
Tony Booth, professor of education
Lord Browne, former BP chief executive
Dr Mohamed El-Erian, economist
Professor Wyn Evans, astrophysicist
Dr Mark Mann, scientist
Gina MIller, anti-Brexit campaigner
Lord Smith, former Cabinet minister
Sandi Toksvig, broadcaster
MATCH INFO
Uefa Champions League semi-finals, first leg
Liverpool v Roma
When: April 24, 10.45pm kick-off (UAE)
Where: Anfield, Liverpool
Live: BeIN Sports HD
Second leg: May 2, Stadio Olimpico, Rome
Company%20profile
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SQUADS
South Africa:
JP Duminy (capt), Hashim Amla, Farhaan Behardien, Quinton de Kock (wkt), AB de Villiers, Robbie Frylinck, Beuran Hendricks, David Miller, Mangaliso Mosehle (wkt), Dane Paterson, Aaron Phangiso, Andile Phehlukwayo, Dwaine Pretorius, Tabraiz Shamsi
Bangladesh
Shakib Al Hasan (capt), Imrul Kayes, Liton Das (wkt), Mahmudullah, Mehidy Hasan, Mohammad Saifuddin, Mominul Haque, Mushfiqur Rahim (wkt), Nasir Hossain, Rubel Hossain, Sabbir Rahman, Shafiul Islam, Soumya Sarkar, Taskin Ahmed
Fixtures
Oct 26: Bloemfontein
Oct 29: Potchefstroom
UAE currency: the story behind the money in your pockets
What are NFTs?
Are non-fungible tokens a currency, asset, or a licensing instrument? Arnab Das, global market strategist EMEA at Invesco, says they are mix of all of three.
You can buy, hold and use NFTs just like US dollars and Bitcoins. “They can appreciate in value and even produce cash flows.”
However, while money is fungible, NFTs are not. “One Bitcoin, dollar, euro or dirham is largely indistinguishable from the next. Nothing ties a dollar bill to a particular owner, for example. Nor does it tie you to to any goods, services or assets you bought with that currency. In contrast, NFTs confer specific ownership,” Mr Das says.
This makes NFTs closer to a piece of intellectual property such as a work of art or licence, as you can claim royalties or profit by exchanging it at a higher value later, Mr Das says. “They could provide a sustainable income stream.”
This income will depend on future demand and use, which makes NFTs difficult to value. “However, there is a credible use case for many forms of intellectual property, notably art, songs, videos,” Mr Das says.
Spare
Profile
Company name: Spare
Started: March 2018
Co-founders: Dalal Alrayes and Saurabh Shah
Based: UAE
Sector: FinTech
Investment: Own savings. Going for first round of fund-raising in March 2019
PROFILE OF SWVL
Started: April 2017
Founders: Mostafa Kandil, Ahmed Sabbah and Mahmoud Nouh
Based: Cairo, Egypt
Sector: transport
Size: 450 employees
Investment: approximately $80 million
Investors include: Dubai’s Beco Capital, US’s Endeavor Catalyst, China’s MSA, Egypt’s Sawari Ventures, Sweden’s Vostok New Ventures, Property Finder CEO Michael Lahyani
The specs
Engine: 2.0-litre 4-cyl
Power: 153hp at 6,000rpm
Torque: 200Nm at 4,000rpm
Transmission: 6-speed auto
Price: Dh99,000
On sale: now
Labour dispute
The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.
- Abdullah Ishnaneh, Partner, BSA Law
Killing of Qassem Suleimani
UK-EU trade at a glance
EU fishing vessels guaranteed access to UK waters for 12 years
Co-operation on security initiatives and procurement of defence products
Youth experience scheme to work, study or volunteer in UK and EU countries
Smoother border management with use of e-gates
Cutting red tape on import and export of food
Specs
Engine: Duel electric motors
Power: 659hp
Torque: 1075Nm
On sale: Available for pre-order now
Price: On request
Zayed Sustainability Prize
UAE currency: the story behind the money in your pockets
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%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E2-litre%204-cylinder%20mild%20hybrid%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E7-speed%20S%20tronic%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E265hp%20%2F%20195kW%3Cbr%3E%3Cstrong%3ETorque%3A%3C%2Fstrong%3E%20370Nm%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3Efrom%20Dh260%2C000%3Cbr%3E%3Cstrong%3EOn%20sale%3A%3C%2Fstrong%3E%20now%3C%2Fp%3E%0A