Australia has developed one of the strongest natural gas industries in the world and is on track to become the largest exporter of LNG globally following an unparalleled investment boom.
The rapid growth of the LNG industry has created thousands of new jobs and Australia's core oil & gas workforce has more than doubled from 9,000 to 19,000 workers since 2006. The indirect oil & gas workforce is even more important. In 2016, each oil & gas job sustained 10 other jobs across the supply chain and the wider economy — generating five times more indirect employment than the average industry in Australia.
However, the future of the oil and gas workforce is uncertain. The drivers of the oil and gas workforce are highly volatile which makes prediction difficult. Oil price swings, global supply and demand shifts, and policy changes (exploration moratoria, resources tax) make it difficult to accurately plan future workforce needs.
Recognising this, NERA has developed and released the Preparing Australia's future oil and gas workforce report to help Australia's energy resources sector prepare for uncertain times.
Designed as a scenario-planning tool, it maps out the potential trajectory of the oil and gas workforce in Australia in the years ahead so that companies, workers and policymakers can make informed decisions and prepare for a (potentially) volatile future.
About the report
The Preparing Australia's future oil and gas workforce report is a further step towards developing a common expectation about the potential future direction of the workforce in the oil and gas industry. It provides a starting point for a collaborative discussion as stakeholders prepare their business and workforce strategies for an uncertain future.
As an Industry Growth Centre, NERA has a mandate to foster collaboration and innovation and help the energy resources sector respond to workforce trends. This Report is a further step towards developing a common expectation about the skills needed in the oil and gas industry by 2030. It provides a starting point for a collaborative discussion, as stakeholders prepare their business and workforce strategies for an uncertain future.
You can view the Workforce Change report in full below or download in full: