Make money in the Oil and Gas sector by rendering Consultancy and Advisory Services

This is a thriving and profitable business venture especially if you are a known figure in the oil and gas industry. And if you are not, you can start from somewhere. Remember, what you do not have, you cannot give to another person. Thereby, you need to have some trainings and education before you start this type of business in any area of your specialization.

There is no restriction to the services offered by consultants because there are several areas where consultancy is highly needed. As a matter of fact, there are consultants in all industries ranging from Finance to Oil and Gas et al. One of the ways that you can earn money from the business value chain in the oil and gas industry is to start an oil and gas consultancy and advisory services. Particularly, if you have a robust experience in the oil and gas industry and you have the required qualifications and professional certifications to back your experience.

You can start your consulting business and try to focus on your specialized areas initially. With entrepreneurial mind, you will explore new ventures into your service company, buying equipment to rent, look for investors, brokering services etc.

The career path includes:

1 Completion consultants: They are highly knowledgeable and skilled professionals in the industry who supervise work over and completion operations on behalf of a contract oil and gas operating company. The operations they oversee include the following: pumping unit installation, hydraulic fracturing of vertical and horizontal wells, coil tubing clean-out, running tubing, setting down-hole pumps and rods etc.

2 Representing the operator: Here effectively you are part of their team and the only difference is the contract and the fact that you are not involved into most of their corporate stuff

3 Joining a consultancy firm: You can join a consultancy firm to work on different projects, sometimes for a few days/weeks before switching to other tasks. This would give you broad knowledge of the field.

Good working Experience. Experience is highly needed in this type of Oil and Gas business. You be at an advantage if you are a retired officer from a large oil company or service company. Numerous completion consultants have 20 - 30 years of oilfield experience. Though, it is not uncommon for individuals with 10 - 15 years’ experience to break into these roles.

Having 10-15 years of solid experience with a track record of producing results and making an impact on the projects would give a good background.

Good academic titles, skills, diverse working experience and having worked in a particularly complex/recognized/marketable/unique project with less than 10 years experience can still give you a solid support.

You are not constantly expected to have had a leadership position as an employee, but you are expected to have a both deep and broad knowledge of the specialty you wish to consult for.

The barrel price and the local conditions (Human Resources policies, local content requirements, labor laws, geopolitics, visa requirements...) influence directly and heavily the amount and the type of consultants and contracts that are needed.

Good International Exposure.  Traveling and exposure is part of education. It makes you knowledgeable and smart. You can even learn new languages which would make you to become flexible, adaptable and a better problem solver. This would spice up your career and your personal life thereby gives you chances to grow faster. There various Oil and gas program that you can attend abroad that will add more value to your career. You can attend postgraduate course, seminar, events and trainings in the Oil and Gas Industry

You can also read articles; books and join related other societies. Try to make yourself helpful and indispensable. Write a few technical papers if possible.

Having gained experience for some years, If you still wish to be a consultant, you can find a 12/24-month consulting contract aiming at staying with a large reputable operator and sticking to good projects (i.e. challenging and/or large). Only then you can resign to start your own.

Good qualifications and professional certifications. You can obtain a fancy degree with international reputation in your resume; it could be a postgraduate course to back your experience. You learnt a great deal, Oil and gas companies love it as it shows that you have the basic knowledge and skills required to excel and perform better in your career. It also makes you more credible and reputable in your Oil and Gas consultancy service. During interviews, they often focus on your personality and skills, which is a great advantage.

You can join a Major oil company or service company that relate to your course of study at school. It might not be your first job; the priority is keeping busy and makes relevant experience, but you can keep trying until you become a standard in the business. Then, try to make the most of the training and experience and strive to work on challenging projects, new technologies, being operational.

Networking. It is of great importance for you to network with others in the field with you. Thereby there would be interchanging of ideas and knowledge among you. There are different platforms by which you can connect with others. Among others are these Facebook, Twitter and Linkedln. You can follow any Oil and Gas Company page to know more about them and their services. You can join Oil and gas group on facebook. You can also connect with people of like-mind on Linkedln platform. And you can use Twitter social   medium   platform to connect with people in the Oil and Gas industry as well.

Oil and Gas Events. There are different oil and gas events that you can attend which would give opportunity to meet people. You can check for oil and gas events in your area on-line.

You would easily gain recognition for your contributions in the Industry. You would learn about emotional intelligence, body language and practice public speaking there. And you would learn about how to react with people and develop good character.