Working for Asian National Oil Companies - An Attractive Choice?
“It’s not difficult for Pertamina to get fresh graduates, who are willing to take modest salaries. Pertamina will send them for on-job training in the fields” to gain experience, Sartika said.
ETT operates brownfields in South Sumatra in a 25:75 partnership with Pertamina EP, the upstream arm of Pertamina.
NOC Offers Option in Malaysia
PETRONAS, ranked 69 on the list of the world’s top 500 companies in Forbes Global 2014 by revenue and 18th among its petroleum refining cohort, cited in its mission statement that a key “objective is to contribute to the well-being of the people and the nation.”
It was therefore no surprise when PETRONAS described a Jan. 17 article published by Malaysian newspaper New Straits Times in which the NOC indicated plans to cut its workforce by 10 percent as “misreported and inaccurate”.
“If PETRONAS takes on a longer term view, the company will have to hire people currently seeking jobs again. It takes time to train, especially as oil and gas talents are in short supply,” Arhnue Tan, an analyst with Malaysia’s Alliance Research explained to Rigzone.
However, lower oil prices did result in layoffs in Malaysia’s oilfield services sector, with some redundancies made in early 2015 as companies intended to trim CAPEX and operating expenditures (OPEX) – a move that affected a few large companies, like France’s Technip and Italy’s Saipem S.p.A.
“I saw the trend [on job cuts] coming for engineering services companies like Technip and Saipem,” an industry professional who left Technip to join an NOC, told Rigzone.
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