The supply of technically-trained personnel will decline sharply when the current baby boomers retire—and many of them hope to retire early. As a result, significant additions of new junior staff will be required.
In addition, the securities regulators in Canada have re-defined the rules with significant changes in reporting requirements. The U.S. regulators are following suit with similar changes as a result of accounting failures such as Enron. These regulations make high levels of technical expertise mandatory at senior (board) levels.
Meanwhile technical change has been accelerating, the extensive training programs developed in the 1970′s and early 1980′s have been largely abandoned, and trained staff now have considerably more mobility than in the past. This has created a challenge for employers: how to provide the necessary training for their up-and-coming staff.
There are numerous options in taking courses. Some of these include courses:
- Provided in-house
- In academic institutions
- From technical societies
- From training services companies
ARE has taught in all of these venues and all have their advantages. ARE has experience working for operating companies and believes its strength includes practical experience from a number of different companies, countries, and projects.
Courses have been developed in a variety of reservoir engineering disciplines. The company now has significant experience teaching these courses in the international market place and course evaluation forms indicate that they have been successful.
A listing of the courses ARE teaches may be found in the Company Prospectus.