Bauhaus Energy Market Research Analysis G&G Disciplines Market (EU) 2010

Specific Objective:To identify what the most important career attractions are to

G&G related staff, when looking for their next career move. The research was carried out between 15th December 2010 and 22nd December 2010, speaking with over 300 Reservoir Engineers and G&G based disciplines throughout Europe (Aberdeen, London, The Netherlands, Germany, France, Italy and Spain) and asking the question,

“What is the most important factor to you when considering a career move?” Methodology: Internal Resources: Working with Bauhaus Energy consultants who

are specifically focused on working with Reservoir Engineers, Geologists and Geophysicists to collect this information from the company database. Collaborating with www.theoilcommunity.com , who specialise in predicting Oil and Gas market trends. Setting up a poll on www.linkedin.com for G&G based people to answer the above question.

External Resources: Speaking with a further 344 G&G professionals within leading Oil and Gas organisations, based in Aberdeen, London, Paris, The Netherlands, Denmark, Germany and Italy to ask the question: “What is the most important factor to you when considering a career move?”

Market Findings: Our internal and external research results have now been

concluded and the results are shown below.

Bauhaus Energy Market Research Analysis G&G Disciplines Market (EU) 2010

Most Important Factors Quantity %

Scope of work (Variety, Technicality, Longevity, Quality) 93 27% Career Development & Progression 77 22% Increasing Knowledge / Skills / Experience 53 16% (Working with experienced people) Salary & Benefits (inc. Retention Bonus) 35 10% Acknowledgement / Recognition within Company 29 8% Location (Travel, Company with international locations) 28 8% Company vision (Long term Company goals) 21 7% Flexibility (work / life balance) 8 2%

Work

Development

Knowledge

Salary

Recognised

Location

Co. Vision

Flexibility

Bauhaus Energy Market Research Analysis G&G Disciplines Market (EU) 2010

Final Thoughts: As well as collecting the above information, we have built a firm

understanding that G&G related people do not like to be approached coldly by companies or agencies. We also know that they don’t want to run through a recruitment application process if a) they are not looking for a job and b) the agency or the company is not offering a “better” job at the end of the process. Understanding what G&G related staff want is the key here.

We also understand that before the recession, G&G based staff

were much easier to find and were happier to discuss “potential” opportunities.

We know it is very difficult to find and attract top quality candidates

who will move jobs now, however we believe we have identified some important key factors about G&G related staff by obtaining this information. Invariably, the best people are generally not looking for work because they tend to be happier and productive in their jobs, as their current employers are looking after them. Whilst speaking with people throughout 2010 we have noticed the introduction of a “retainer” bonus with some Operating companies as they remain focused on retaining their best staff.

Hopefully these results will show what attracts the best candidates

in the market to consider a career change.

If you have any questions regarding this information or if you would like to receive further updates on market trends, please call Mark Pearce or Thomas on 0161 923 9050 or email us at mark.pearce@bauhausenergy.com or tom.murphy@bauhausenergy.com /