Why CEAMS?
The energy industry is evolving faster than ever before, driven by high
commodity prices and improving technology. Various disciplines within the industry are being
integrated into natural business groupings to enhance effectiveness and efficiency.
Demographics indicate as "boomers" retire, a shortage of skilled and
properly trained personnel will result. Employers face a shortage
of staff and a workforce that wants more control over their time. Staffing/employer needs
are also changing and Asset Management is part of this evolution.
Specifically
- Many asset management staff are retiring in 3 – 8 years
- There is a declining number of adequately trained people coming into asset management
- Current continuing education programs are in silos and don’t respond to the industry need for integrated knowledge
- Evolution/expansion of industry have put increasing pressure on all areas of asset management
- Costs & risk management are becoming an increasingly critical factor for E&P companies
The Solution - The Energy Asset Management Program
What is the Energy Asset Management Program?
The EAM program will be designed using the following framework. It will offer an approved two-year diploma, specialized applied degree and one-year online certificate. In most cases, annual hours of study will greatly exceed that of current "fast-track" programs, since many fast-track programs have been designed strictly for one or two functional assignments within an EAM discipline.
EAM Management
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Diploma (two years of study), applied degree (diploma + one year of additional study + one-year work term) and online certificate
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A targeted start date for the diploma program in the fall of 2009
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Full-time studies in a blended learning environment that includes classroom time, electronic learning, field trips, collaborative projects, and paid work experience
Areas of Study Specialization for years three and four of the degree program will involve a combination of the following areas of focus and will comprise at least two streams of specialization.
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Joint Venture Specialist-establishes agreements and partnership arrangements
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Mineral Land Management-acquires and preserves below-ground rights
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Surface Land Management-acquires and preserves above-ground rights
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Well Asset Management-manages well and facility data from start to finish
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Operations Accounting-accounts for operational costs, revenues and joint venture agreements
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Production Accounting-manages reporting of oil and gas production
Graduates from EAM programs can look forward to employment in the oil and gas industry on a team dedicated to
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analyzing partnership opportunities and agreements
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administering all aspects of land management (both above and below the ground)
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overseeing life cycle compliance activities for wells and facilities, and
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performing accounting practices and processes related to wells and facilities
Industry Benefits
- Asset Management services recognized as a profession and career of choice for youth
- Broader perspective educated staff within Industry/Government
- Increased talent pool to choose from
- Less "poaching" from peer companies
- New hires "hit the ground running" resulting in less internal training
- Improved understanding and interaction between Asset Management disciplines/silos
- Increased efficiencies resulting in reduced learning curve and therefore fewer errors