Untapped Reserves 2.0: Driving Gender Balance in Oil and Gas
A collaboration between the World Petroleum Council (WPC) and The Boston Consulting Group (BCG)
WPC has launched its 2020 gender study Untapped Reserves 2.0 - Driving Gender Balance in Oil and Gas with BCG. The results of the update will be available at the end of 2021. The 23rd WPC in Houston from 5-9 December 2021 will feature a special session on the outcomes of the report and a high-level discussion with industry leaders.
To participate in the quantitative anaylysis of oil and gas companies around the world and contribute your company data for benchmarking, please contact: firstname.lastname@example.org
At the 22nd World Petroleum Congress in Istanbul in July 2017, WPC and BCG launched the results of the first groundbreaking study on the status, challenges and opportunies of gender diversity in the oil and gas industry.
The global report on Untapped Reserves: Promoting Gender Balance in Oil and Gas, prepared by the World Petroleum Council and The Boston Consulting Group, provides a comprehensive baseline on gender balance in the oil and gas industry today. The report’s findings are based on substantial proprietary research that included detailed personal interviews with more than 60 male and female senior industry executives worldwide, a survey of approximately 2,000 male and female industry professionals from a wide range of companies and countries, and primary quantitative data provided confidentially by all major international oil companies and several national oil companies (a total of 38 companies with collective revenues of $1.9 trillion and employees representing between 25% and 30% of the industry’s global workforce).
This extensive body of research provides a highly valuable in-depth and representative look at where the industry stands on this very important topic.
The benchmark report will be updated every three years with Untapped Reserves 2.0. due for end 2020. This will enable us to keep track of the industry’s progress in improving gender balance as well as the effectiveness of our recommended actions.
The World Petroleum Council and BCG hope that this report makes a major contribution to oil and gas companies’ efforts to boost women’s representation in the industry.
WPC and BCG wish to acknowledge the support of the international Advisory Group:
Reem A. Al-Ghanim, Division Head, Women Development & Diversity, Saudi Aramco;
Allison Binns, Senior Advisor, Chevron;
Maria Angela Capello, Consultant, Kuwait Oil Company,
Derek Fraser, Senior Talent Advisor, Shell
Mihael Sutalo, Head of HR Strategy Analytics, Maersk Oil
In February 2018 the authors presented the report highlights at the Promoting Gender Diversity in World Oil & Gas event organised by the Global Women Petroleum & Energy Club in London.
At IP Week 2018 the POWERful Women Roundtable session discussed the report under the aspect of:
Promoting Women: A strategic aaproach to Gender Equality in Oil and Gas
Leadership Excellence for Women Awards and Symposium (LEWAS)
WPC collaborates closely with the Leadership Excellence for Women Awards and Symposium (LEWAS) which recognises extraordinary individuals and efforts in the Middle East energy sector. The LEWAS Virtual Awards and Symposium 2020 takes place from 26-29 October. Further details at www.lewa-symposium.org
Nominations for the Leadership Excellence for Women Awards 2020 are now open in the following categories:
Leading with Excellence
Woman of Achievement
Corporate Champion / Male Champion
Academic Achievement for University Student
Academic Achievement for University Professor / Researcher
To download the full brochure for LEWAS 2020 click here
See the WPC video on "How can we improve gender diversity in the profession"here