With Petrochemicals and refining being one of the core sectors contributing to the country’s economy, hiring in oil and gas sector does not show any sign of losing steam any sooner.
There is an immense potential for the sector’s expansion capacity, even though the investments in countries such as China and Vietnam has led to a cut throat competition.
The local liquefied natural gas (LNG) market continues to grow by leaps and bounds, riding on the back of a surging demand from emerging markets. These markets are mainly driven by rapid advancements in technology developments and global industrialization.
Roles that are high in demand in Oil and Gas industry in Singapore include Project Manager and SURF Engineers mainly for offshore production facilities. Also exploration of natural gas and oil fields are pushing the demand for Geophysicists, Geoscientists, Reservoir Engineers and Drilling engineers.
Outlined below are the main developments highlighted for the Singapore Oil & Gas sector:
– “Singapore’s first LNG import terminal, expected to be ready in Q213, will be expanded to ensure it can meet all of the island-state’s gas demand, raising the possibility that existing pipeline gas supply contracts with Malaysia and Indonesia may not be renewed.
– Singapore imports all of its natural gas, which is mainly used for power generation and petrochemical production, exclusively via pipelines. In 2011, Singapore consumed an estimated 8.8bn cubic metres (bcm) of gas – a rise of almost 500% since 2000.
– Singapore has been experiencing steady growth in demand for oil, tracking both the local and regional economy. Throughput in Singapore’s refining system should rise in line with regional demand. Beyond 2012, annual oil demand growth is likely to average 2.5-3.0% through to 2021.” Businesswire
South East Asia is shoring up its efforts to harness skills of the talents available, locally and globally to drive the country�s economic transformation and continues to call back its nationals working abroad to contribute to its mission of accomplishing a high income status by 2020. More open policies and programmes have been introduced to woo them to explore career prospects back home and add to the next level growth.
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