Oil major looking to increase operational capabilities in sector
- Aramco looking to hire US shale gas workers
- However, there remains a reluctance to work overseas for many US employees
Saudi Aramco is looking to lure shale gas workers from the US, and is advertising online in a bid to increase its operational capabilities in the sector.
Aramco has a long history of recruiting US oil workers and will usually offer incentives such as higher salaries and benefits to anyone prepared to endure the more challenging conditions, both geographical and cultural.
However, the US shale industry has cut its workforce by as much as 75,000 people since oil prices started to fall in June 2014. This could bolster Aramcos attempt to lure some of them to the kingdom.
Reports in the US have stated that despite the abundance of unemployed shale workers, there remains a reluctance to work overseas for many people.
Much of the US unconventional hydrocarbons success has been built on the back of small teams that can work efficiently and ramp up production quickly. How effective this would be in a large organisation such as Aramco is not known.
You might also like...
Rainmaking in the world economy
19 April 2024
Oman receives Madha industrial city tender prices
19 April 2024
Neom seeks to raise funds in $1.3bn sukuk sale
19 April 2024
Saudi firm advances Neutral Zone real estate plans
19 April 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.