Tuesday, November 9, 2010

Informational Interview

I did my informational interview with a man who works in Dubai.  He is the CEO, owner, and founder of the company The Oil Consultancy.  They are consultants dealing with oil, gas, and mining.  I learned a great deal from the man and he was quite helpful in providing insights on the industry. 

He listed some of his job responsibilities as bringing in new business, procuring mandates, overall management, and dealing with the financials of the company.  When I asked him about what types of entry-level jobs his company offers, he told me that they don't hire entry-level, a candidate must have at least 15 years experience.  A valuable trait he looks for in potential candidates is the drive to succeed.  He stressed the fact that he wants employees who are driven and determined.  He said that in the past couple of years, he has seen an immense amount of job growth in the alternative energies sector.  He told me of the rising popularity of social responsibility and how that has created many new jobs.  Along with this point, he predicts that in the next couple of years, there will be many new jobs in the green sector of the industry.  He said what he calls 'specialty' engineers will be where there is future job growth.  By this, he didn't mean mechanical or civil engineers, but ones that specialize in things that will help in the green sector, such as radiology or biotechnology.  These will be areas of growth because these jobs are needed to expand the alternative energy movement. 

When I asked him where he would invest his money in the energy industry, he told me that he would invest in the oil exploration and production sector. He gave many reasons for this.  First, there is much opportunity for rapid capital growth here.  This sector has the ability to develop it as an investment, meaning it can easily be evolved into trade.  Also, the value that lies within this sector could virtually be endless. This was very valuable advice.

This man gave me much useful information and was very accommodating with answering anything I could ask him.

2 comments:

  1. I thought that prerequisites to get hired by him all seemed normal except that you should at least have 15 years of experience. I thought that it was bizarre, but it seems as if he is running a very professional company. Regardless, I think a fresh outlook on things is never a bad thing, especially since it has become apparent that the energy sector has changed so much lately.
    Also, I liked his take on the job opportunities in the alternative energies sector. It's no longer about conventional engineering but biotechnology and radiology.
    Clearly his recommendation on investing in oil exploration and production must be respected.

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  2. Clarke is right, those are some high level requirements. This sounds like it was a very interesting interview. It seems that he expressed agreement with my interviewee when he said that he expects growth in green jobs and green energy. However, his point about production and exploration seems like something more along the lines of what we have been saying. One thing to note: if we do invest in production and exploration, we will have to look at a large company, because these processes require a lot of capital.

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