Falling oil prices have no impact on plans by Petronas' Instep training center to increase student in-take.
Instep training center, owned by Petroliam Nasional Berhad (Petronas) is ramping up its student intake to 1,700, a sign of the Malaysian national oil company’s (NOC) commitment towards recruitment and training even under the current unfavorable oil price environment.
Responding to a question from Rigzone, Instep CEO, Chandramohan Saminathan said Petronas has not signaled any cuts in staff training for now.
Conceding however, that cost cutting measures could be implemented across the industry, Chandramohan said the bigger picture remains unclear for other oil and gas companies.
The Terengganu campus of Instep – also known as Institut Teknologi Petroleum Petronas – presently has 1,000 trainees under its enrolment.
Chandramohan projects the trainee population will expand to 1,400 by January 2015 and 1,600 by July 2015.
At present, the projected expansion of intake is primarily driven by the staffing requirements in Malaysia.
Over the last five years, Petronas has – along with other field operators in Malaysia – embarked on several large-scale projects, most notably, the Refinery and Petrochemicals Integrated Development in Pengerang, Johor Bahru.
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