Matt Simmons and Andrew Gould(CEO of Schlumberger) have spoken of the petroleum industry's (future)problem on a number occasions during the recent years. Now it seems that future problem has become a present problem, at least in the offshore drilling sector. As the number of drilling vessels in operation grows, the shortage of skilled labour becomes greater. It seems that the battle for skilled labour has begun: Seadrill is offering some of its Norwegian employees 500 000 crown($70 000) loyalty bonuses(officially retention bonus) if they agree to stay with the company for three years. According to the Aftenbladet article the bonus is available to personnel in positions of leadership e.g. platform managers, drilling managers and subsea engineers.
The shortage will affect drillers in mainly in two ways: labour costs will rise significantly and the number of accidents will most likely increase(due to the lack experienced personnel).
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