The Company is heading into a future where it essentially only operates existing assets, stops exploration and major capital projects, so jettisoning all the earth science and engineering talent is consistent with that strategy.
I agree, @an+1jvhv8fs1. It’s definitely time for us to move on.
"Exploration has been a money sink": LMAO! Development is also a money sink! That said, doing nothing but management powerpoints generates no shareholder value. If we can't find and develop new oil, we might as well sell off everything bit by bit to lower-cost asset management companies.
The oil companies cut engineering staff back in the 80s. The idea was they could bring in contractors to cover projects and engineering. Contractors can be brought in on a case by case basis. The owner doesn't have to pay any burden costs and can decide at the drop of a hat to kick everyone out. There was just enough regular staff to oversee the work. It worked to a certain point but most of the people left were friends and family. They didn't know the details or have the expertise needed to ensure all the issues were covered. They were overworked and stressed with many mistakes made. Having people in India or where ever is only going to make it worse.
Soon, the lights will be turned off....
The OP is replying to a comment on a completely different thread and expects readers to know what the heck he is referencing?
Exploration has been a money sink that promotes arrogant prima donnas or DEI candidates and has expanded scope to sc--w up Assets management. Nothing more than spinners and salespeople - AND - we clearly can't execute projects, Maintenance seems a smart option given our track record.