Posted on 03/20/2015 5:22:54 AM PDT by thackney
Workers fired from shale fields in the United States after the slump in oil prices are reportedly being offered new jobs in Saudi Arabia.
State-owned Saudi Aramco is posting new job ads online aiming to snap up experts in extracting oil from shale, Bloomberg reported.
Thousands of US workers have been fired since November as oil prices plunged because of oversupplies, driven in part by an OPEC decision supported by Saudi Arabia, Bloomberg said.
It quoted Tobias Read, CEO of recruiter Swift Worldwide Resources, as saying: “We’ve seen people who have historically been reticent to look at Saudi Arabia who are now more accepting of a job there... The conditions are just quite difficult.”
Nigel O’Connor, a spokesman for Saudi Aramco, told Bloomberg in an emailed statement: “To support the implementation of our strategy and continued growth, Saudi Aramco continues to hire expertise in a number of technical areas across the unconventional gas resource value-chain."
How much shale prospects do they have?
I don’t think there is enough money in the world to entice me to move to Saudi Arabia, even if I had the requisite skills.
i hear the job isn’t too bad, because of the low overhead in muslim countries when dealing with infidels...
Nearly every shale oilfield job is an applicable skill set for oilfield work that is not sourced from a shale play.
Sept 11, 2001; my wife and I were in the Aramco Houston building going through orientation to move our family to Saudi.
Plans changed.
Difficult?
Can’t have a bible or a Christian Church.
Can’t date the local women.
Can’t have alcoholic beverages.
Can’t have tobacco.
I am sure there are others that I don’t know about. Perhaps you can shed some light.
I drank more alcohol living in Yemen than I did in college.
What is said in public proclaimations and what happens behind closed doors was a far different experience for me back then.
I was thinking Saudi Arabia.
Possibly the rules would be different in Saudi Arabia?
My actual work experience was in Yemen, also a strict Muslim country. My orientation class was for Saudi, so I learned the rules from them.
While working in Yemen, over half of the guys with me had previous work experience in Saudi. But that was a couple decades ago...
Is it possible that the Saudis are snapping up these experts to keep them off the market where they can do their work to increase the Saudis’ competitor’s production?
After all the Saudis certainly do not need help in developing new sources of production.
I don't agree. Saudi Aramco has used expats to perform most of the real work and calculations for decades. That was why I've had many inquires to work for them.
Can't call the so-called prophet Mohamed a murderous, thieving, child-raping, scumbag war criminal, which he was.
I guess what I should have said is that they don’t need the expertise of these fracking experts because that kind of expensive techniques is not necessary in the Mid-East.
Yes I am sure that would be frowned upon
;(
Saudi Arabia has been using hydraulic fracturing for years. It is a mistake to think it is only used in shale fields. It has been used in “traditional” fields for decades.
Thanks for the education
But aren’t the new techniques more costly?
It seems from what I read that the cost of the new techniques causes the price of fracked oil to be more than other sources.
They are used when the added production is a greater value than the cost of work.
cost of the new techniques causes the price of fracked oil to be more than other sources
No. It does not add cost per barrel. The total cost for the well to be completed is higher, but the oil produced is much greater so the cost per barrel is less.
In the shale fields, it (along with horizontal drilling) made a field that could not be economical to produce, worthwhile to drill. In effect, it reduced the cost per barrel. Without it, so little oil is produced that it wasn't even worth drilling the well.
Let me give a comparison to a different production.
The cost a large combine grain harvester is very expensive. But it lets the farmer harvest far more grain and faster than he can with a scythe.
Yes his total cost are higher, but his cost per bushel harvested are less.
Good explanations
Thanks
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