The oil and gas automation sector is suffering from a skills shortage, according to Vimal Kapur, President of Honeywell Process Solutions.
The oil and gas automation sector is suffering from a skills shortage, according to Honeywell Process Solutions President Vimal Kapur.
Speaking at the EMEA HUG conference in The Hague, Kapur told delegates that the issues around skills in the sector are three dimensional:
“You put the three together: we are supposed to have less people who are likely to be inexperienced and they need to lead with complex technology,” Kapur said in his speech.
“It’s a pretty deep challenge, which has to be managed,” he added.
Lack of Standardization Raising Costs
In another observation of the oil and gas industry, Kapur outlined that capital expenditures in the field could be slashed through standardizing elements of the process sector.
“Capital spend on projects continues to be a challenge,” Kapur said at the conference.
“Why does capital spend go higher? One of the biggest takeaways is that there’s a lack of standardization in the process industry ... every plant is custom built,” he added.
Kapur also added that oil and gas field developments in the EMEA region and LNG developments in Asia have overrun massively on estimate costs, increasing from original estimates by several hundred billion dollars.
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