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The boom in unconventional Oil & Gas activity is revamping the global energy scenario. The key players in the sector are expected to make significant capital pay-outs, thereby creating new employment opportunities within the sector, particularly in manufacturing, construction and supply chain. These jobs should not be overlooked as, according to The U.S. Bureau of Labor Statistics, the Oil & Gas workers earn more average hourly wages in comparison to workers from other sectors. - Jess Potts

The boom in unconventional Oil & Gas activity is revamping the global energy scenario. The key players in the sector are expected to make significant capital pay-outs, thereby enhancing the employment capability of the sector.


According to a survey by IHS, the boom in unconventional energy increased average household disposable income by US $ 1,200 in 2012 and it is projected to grow to US $ 2,700 by 2020.


As per a study conducted under the aegis of the Energy Equipment & Infrastructure Alliance (EEIA), the total jobs created within the unconventional sector would increase from 1.1 million in 2012 to over 1.8 million in 2025 with 40% of the jobs being within manufacturing, construction and supply chain.


The construction sector is expected to play a vital role across the unconventional Oil & Gas supply chain. It also includes well services & drilling, well pad & access infrastructure, pipelines and processing & refining infrastructure.


Again, there is an increase in economic activity within the housing, commercial buildings and infrastructure construction segments.


The other sectors with employment potential are shale gas & tight oil, oil services and information technology.


The economic growth is also because of income expenditure as a result of direct/indirect jobs due to unconventional activity.


The technical nature of the unconventional Oil & Gas sector enables it to stand out in comparison to other sectors. Hence, according to The U.S. Bureau of Labor Statistics, the Oil & Gas workers earn more average hourly wages in comparison to workers from other sectors.


The sector not only attracts highly skilled white collar workforce but also skilled and partially skilled blue collar workforce (they account for 75% of the job opportunities).


- Jess Potts


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