The recent rise of global energy demand created a shortage of skilled professionals in the energy industry as producing and service companies increased their capital budgets to boost production. Furthermore, senior professionals and experts are reaching retirement age and their number is falling and it will be drastically reduced in the near future. This has created opportunities for E&P Young Professionals to advance their career as more responsibilities are given. By 2020, many current professionals in the industry will have retired. All eyes will be on the Young Professionals to lead the industry into the future and now is the time to prepare.

The average age of SPE members, one of the largest E&P professional societies, is 47 years old. This indicates that by the year 2020, the majority of the industry's professionals will be retired and they will be replaced by a new generation. That new generation is the current Young Professionals. In order to lead the industry in the future, Young Professionals need to recognize the complex issues facing our industry and prepare to meet current and emerging challenges. Success will require adapting to technological changes and maintaining high competency and skill levels.

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URL: http://www.spe.org/spe-site/spe/spe/meetings/08YDUB/2008/08YDUB_Brochure.pdf