Diversity

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 is about to launch 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 2020. 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: ulrike@world-petroleum.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.

DOWNLOAD A FULL COPY OF THE GENDER REPORT HERE

UNTAPPED RESERVES INFOGRAPHIC 

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.

Report and highlights at BCG: https://www.bcg.com/publications/2017/energy-environment-people-organization-untapped-reserves.aspx

WPC and BCG wish to acknowledge the support of the international Advisory Group:

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. 

Resources:

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
• Corporate Excellence
• Academic Achievement for University Student
• Academic Achievement for University Professor / Researcher
• Rising Star

See the WPC video on "How can we improve gender diversity in the profession" here

WPC Talk on "Barriers to Progress for Women in the Oil and Gas Industry" - September 2015

Women in Energy: Closing the Gender Gap (PDF)