Earthstream Sees Most Subsea Firms in Singapore Raising Head Count by 20%
Three-fifths of Earthstream Global Limited's subsea-focused clients in Singapore intend to raise head count by 20 percent or more this year, the company's Asia Pacific (APAC) managing director Kevin Gibson wrote in an article that was made available to Rigzone.
Earthstream observed that staff in greatest demand are senior project managers, subsea pipeline engineers and structural design experts.
Penning his thoughts on Singapore's offshore marine & subsea oil & gas job market, Gibson noted that a number of global marine, offshore and subsea businesses have been expanding their operations in the island-state to capitalize on the enormous pipeline of work arising from a vast number of oil & gas discoveries in Southeast Asia recently.
"Historically Southeast Asian work was done back Europe or the U.S. but with projects regularly exceeding $250 million they are now building significant Singapore operations to secure, design and deliver a range of projects which are deeper and more complicated," Gibson explained.
While there is a steady stream of expatriates being brought in, most companies are focused on building strong local teams. This has resulted in "extreme demand" for engineering graduates from the National Univesity of Singapore and the Nanyang Technolgical University and salary inflation for experienced Singaporeans.
"Once hired we have seen local graduate careers take off as the volume of work has seen them taking on a great deal of responsibility early in their careers," Gibson commented.
"We think that with the complexity of the projects being executed in Singapore it will become a center of excellence for the Sub Sea sector which will see Singaporean engineers being deployed worldwide over time," he added.