Oil and Gas Training Statistics, Trends And Facts 2023

Oil and gas industries are constantly evolving, and training and development programs play a crucial role in ensuring that workers have the skills and knowledge needed to meet the challenges of the industry.

In this blog post, we will explore oil and gas training statistics, covering topics such as benefits, trends, adoption, market analysis, demographics, software, opportunities, challenges, and FAQs.

Key Oil and Gas Training Statistics 2023 – MY Choice

The global oil and gas training market is expected to reach $6 billion by 2026, growing at a CAGR of 3.5% from 2021 to 2026.
North America is expected to dominate the market, accounting for over 35% of the global market share.
The demand for oil and gas training is increasing rapidly, driven by the growing need for skilled workers in the oil and gas industry.
Over 80% of companies in the oil and gas industry provide some form of training for their employees.
The average cost of oil and gas training is expected to increase by 5% by 2026.
The use of technology-based training solutions, such as e-learning and simulation-based training, is expected to grow significantly, with over 60% of companies expected to adopt these solutions by 2026.
The oil and gas industry is expected to require over 100,000 new workers in the next decade, increasing the demand for oil and gas training.
Over 75% of oil and gas workers receive on-the-job training, with the remaining 25% receiving formal training through a training program.
The demand for oil and gas training is expected to increase due to the growing complexity of the industry and the need for workers with specialized skills.
The oil and gas industry is expected to continue to invest in training and development programs, to ensure that its workforce remains competitive and up-to-date with the latest industry trends and technologies.

Oil and Gas Training Statistics

Key Training Statistics

Statistic	Value
Number of workers in the oil and gas industry	2.5 million
Percentage of workers in the oil and gas industry who receive training	80%
Annual spending on training and development in the oil and gas industry	$1.5 billion
Average number of training hours per worker in the oil and gas industry	40 hours

According to the Bureau of Labor Statistics, employment in the oil and gas extraction industry is expected to grow 7% from 2019 to 2029.
The global oil and gas training market size was valued at $6.3 billion in 2020 and is expected to reach $8.8 billion by 2026.
Over 70% of oil and gas companies provide some form of training to their employees.
In 2020, the oil and gas industry spent an average of $12,000 per employee on training and development.
Around 60% of oil and gas training is done in-person, while 40% is done online.

Benefits of Training in the Oil and Gas Industry

Benefit	Description
Improved safety	Training programs help reduce the risk of accidents and injuries on the job.
Increased efficiency	Well-trained workers are able to perform their tasks more efficiently and effectively.
Up-to-date knowledge and skills	Training programs help workers stay current with the latest industry trends and technologies.
Career advancement opportunities	Training programs can provide workers with the skills and knowledge needed to advance their careers.

Improved safety: By providing employees with regular safety training, oil and gas companies can reduce the risk of accidents and injuries in the workplace.
Increased efficiency: Through training, employees can learn new skills and techniques that can help increase efficiency and productivity.
Better compliance: Oil and gas companies must comply with a wide range of regulations, and training can help employees understand and follow these regulations.
Enhanced reputation: Companies that invest in employee training and development can improve their reputation and attract top talent.
Reduced costs: By providing employees with the necessary skills and knowledge, oil and gas companies can reduce costs associated with errors and inefficiencies.

Trends in Oil and Gas Training

Trend	Description
Increased use of technology	Oil and gas companies are using technology, such as online learning platforms and virtual reality, to deliver training programs.
Focus on soft skills	Training programs are increasingly emphasizing the development of soft skills, such as leadership and communication, in addition to technical skills.
Blended learning approach	Many companies are adopting a blended learning approach, combining in-person and online training programs for a more comprehensive and effective training experience.

The adoption of online training: With the rise of technology, many oil and gas companies are incorporating online training into their programs.
The use of virtual and augmented reality: Oil and gas companies are utilizing virtual and augmented reality to provide employees with immersive and interactive training experiences.
The focus on sustainability: Many oil and gas companies are now incorporating sustainability into their training programs, to help ensure that their operations are environmentally responsible.
The integration of gamification: Oil and gas companies are using gamification techniques to make training more engaging and interactive for employees.
The emphasis on leadership development: Companies are recognizing the importance of developing strong leaders and are incorporating leadership development into their training programs.

Adoption of Training in the Oil and Gas Industry

Metric	Percentage of Companies
Use of online training platforms	60%
Use of virtual reality for training	40%
Incorporation of soft skills training	70%

Market Analysis

Metric	Value
Size of the global oil and gas training market	$3.5 billion
Estimated annual growth rate of the oil and gas training market	5%

Demographics of Oil and Gas Workers

Demographic	Percentage of Workers
Age range	25-44 (50%), 45-64 (40%)
Gender	Male (80%), Female (20%)
Education level	High school diploma or equivalent (50%), bachelor’s degree or higher (30%)

Software for Oil and Gas Training

Software	Description
PetroSkills	An online platform offering a wide range of training courses for the oil and gas industry, including technical, management, and soft skills.
Schlumberger Learning Solutions	A provider of training and development programs for the oil and gas industry, offering both in-person and online courses.
Rigzone Academy	An online platform offering training courses for various aspects of the oil and gas industry, including drilling, production, and safety.