The great knowledge transfer: securing the future of conventional energy’s workforce
Conventional Energy

Conventional Energy
Nearly 20% of the global conventional energy workforce will be eligible for retirement by the end of 2026, forcing the industry to contemplate how the loss of decades of experience will impact on future of oil & gas.
Highly experienced engineers, operators, maintenance specialists and technical leaders are nearing retirement age – each taking a career’s worth of operational knowledge with them. At a time when energy security, asset reliability and operational efficiency remain critical, organisations will need to do more than just replace headcount to fill the gap. So, what can be done to capture institutional knowledge, develop future leaders and build a sustainable talent pipeline capable of supporting conventional energy for decades to come?
How does a knowledge retention strategy work in the oil and gas industry?
A knowledge retention strategy engages experienced professionals, often recent or phased retirees, specifically to capture specialised expertise and hand it over to the next generation. It blends technical delivery with structured mentoring, documentation and network handover, so tacit knowledge is retained inside the business rather than lost at retirement.
Why is oil and gas recruitment in Australia so challenging right now?
The Australian oil and gas workforce shrank from 32,600 in 2018 to 17,600 in 2024 while demand is projected to rebound to 29,700 workers by 2033. A median workforce age of 42, an ageing global talent pool and competition from renewables have combined to make experienced technical professionals scarce and expensive to secure.
How can operators retain institutional knowledge before employees retire?
Operators can retain institutional knowledge by running a knowledge risk audit, building a return-to-work contractor pool, pairing mid-career hires from adjacent industries with embedded specialists, formalising outcomes-based transfer milestones and codifying expertise into digital tools. Engaging a specialist recruiter early gives access to both active professionals and experienced retirees willing to mentor.
What does it cost to ignore the demographic cliff?
The costs escalate quickly. Replacing a single FIFO worker in Western Australia can cost between $10,000 and $50,000 upfront, and total turnover costs for critical technical or leadership roles can exceed 400% of annual salary once lost productivity and project delays are included. Uncaptured institutional knowledge adds further, harder-to-quantify losses.
The average age of the global oil & gas workforce currently sits around 56, with 45% of workers aged over 50 and just 12% under 30 – revealing a ‘missing middle’ (professionals aged between 35 and 50) skills gap that urgently needs to be addressed by the industry before the estimated 50% of tenured workers set to retire within five to seven years becomes reality.
This imbalance is further tipped by the workforce exodus triggered by the 2019 – 2020 oil price crash, when an estimated 10.5% of the global oil & gas workforce left the industry in a single year. The talent market has never fully recovered, with 68% of employers continuing to experience significant recruitment challenges due to resource constraints, uncompetitive salaries and a shortage of qualified candidates.
Replacing retiring workers is only half the challenge. Attracting new talent into the industry has become increasingly difficult, with many younger professionals opting for careers that align with their personal values or choosing emerging sectors (such as renewable energy) that are perceived to offer greater innovation, purpose and long-term growth.
Australia reflects the same trend, with the median age of the local oil & gas workforce sitting at 42. Despite a $130 billion oil & gas industry and an enviable position as the world's second-largest LNG exporter, the sector's active workforce has almost halved over the past six years, falling from 32,600 workers in 2018 to 17,600 in 2024. With workforce demand forecast to rebound to almost 29,700 by 2033, the challenge for employers and recruiters is not simply rebuilding headcount but the capture and transfer of institutional knowledge from retiring professionals to ensure the next generation can safely and effectively operate increasingly complex energy assets.
Losing a lifetime of on-the-job knowledge is going to cost operators far more than the price of filling an empty seat. The solution is not to simply find talent faster – it is going to require a structured approach to capturing and embedding the departing workforce’s amassed knowledge before it leaves the building. A shrinking labour pool can be rebuilt through hiring, but lost institutional memory cannot be rehired at any price.
Tacit knowledge (the field-specific expertise that lives in a specialist's head rather than in any manual) is an instinct built over decades on site. It is the hardest form of intelligence to capture and also the most dangerous to lose.
Research from Hong Kong Polytechnic University on knowledge retention in oil & gas identifies five critical areas at risk:
Much of this knowledge is built through years of hands-on experience, judgement and problem-solving, which can only be effectively transferred from one person to another. Reactive approaches such as exit interviews or hurried end-of-tenure documentation are rarely sufficient as primary knowledge transfer mechanisms. Without structured, ongoing succession planning, critical insights can be lost or misinterpreted, increasing operational risk.

Turning demographic insight into operational resilience requires a structured plan, rather than reactive hiring. The core idea is simple: engage experienced professionals (such as recent or phased retirees) specifically to capture and hand over expertise to the next generation. Australian operators can build this pipeline through five-stage plan.
The first step is locating vulnerabilities. Operators should map the current workforce by age bracket and flag any role where more than 30% of incumbents sit within five years of retirement. Priority should belong to upstream and site-based technical roles, which carry the highest operational risk and are historically the hardest to fill.
During the audit, a strict classification framework should separate easily documented tasks from the technical, contextual and relationship knowledge that is only retained by experienced workers. Without this map, resourcing decisions are guesswork – a gamble that could be costly if incorrect.

Retention planning cannot wait for the retirement party. Operators should partner with a specialist recruiter to map and engage retiring professionals before they exit the business. Structured, part-time contractor arrangements keep vital skills in-house while giving retirees the lifestyle they want.
A proven phased-retirement model runs at 50% of normal hours, with at least 20% of that time dedicated to mentoring and knowledge handover. Positioned well, these become respected, flexible roles that shape the next generation of leaders and convert a looming loss into a managed transfer.
For operators that have already lost part of their retiring cohort, the focus shifts to targeted acquisition. The route forward is sourcing experienced professionals aged 40 to 55 from adjacent heavy industries such as mining, defence, maritime and utilities, then pairing them with embedded, experienced oil & gas specialists to accelerate onboarding.
This cross-industry approach has already been proven successful: a previous Energy Outlook Report by Brunel found that 64.7% of employers were expanding training programmes, while 36.2% were broadening recruitment to target transferable skills from other sectors. Pairing transfers context at speed, so a capable worker is developed into a productive asset in months rather than years.
Knowledge handover must be outcomes-based rather than open-ended. Specifically, measurable milestones should be embedded into project scopes, transition schedules and operational workflows from day one. The table below sets out a practical milestone framework:
Handover milestone category | Expected deliverables and tangible outcomes |
Process documentation | Co-authored Standard Operating Procedures (SOPs) and unwritten workaround guides. |
Practical training | Logged and completed technical job-shadowing hours with next-generation employees. |
Capability sign-off | Formal verification of the mentee's progress against corporate competency frameworks. |
Network handover | Structured introductions and transitional management of critical supplier and regulator networks. |
Milestones convert goodwill into auditable progress, which means the value of a handover engagement is visible on the balance sheet rather than assumed.
Alongside person-to-person knowledge transfer, experienced professionals should document their expertise using digital twins, AI-powered knowledge repositories and simulation-based training. These technologies convert decades of operational experience into permanent organisational assets that can support onboarding, training and decision-making long after an employee has retired.
Although digital tools cannot replace the value of direct mentoring, they significantly reduce the risk of critical knowledge being lost. As conventional energy companies continue investing in AI and digital twins to improve asset performance and operational resilience, embedding workforce knowledge into these platforms represents one of the most effective ways to future-proof organisational capability.

Waiting out the demographic shift rather than managing it introduces operational and financial risk, and the first blow is fiscal. In Western Australia, replacing a single Fly-In Fly-Out (FIFO) worker can cost between $10,000 and $50,000 upfront, a figure that excludes the value of the uncaptured knowledge leaving the site. For critical technical and leadership roles across the sector, total turnover costs can exceed 400% of annual salary once lost productivity, project delays and onboarding friction are counted.
Taking a passive approach also compromises the capacity to execute future-critical work. Australia's multi-decade decommissioning pipeline alone requires an immediate influx of roughly 500 highly specialised professionals, yet national industrial preparedness for this shift is rated just 2.4 out of 5. The deficit is structural: Australia is projected to face a shortfall of 42,000 qualified energy trades workers by 2030, driven by training pipelines that have fallen 40% short of demand over the past decade.
Failing to build clear knowledge retention pathways will alienate the incoming talent needed to close the skills gap. Industry data shows that 85% of global oil & gas employees report that a company's Environmental, Social and Governance (ESG) performance influences whether they stay or leave. Operators that neglect social-governance responsibilities such as sustainable workforce planning and cross-generational mentoring signal a lack of long-term stability, which makes attracting and retaining the next generation of professionals steadily harder. Reputation, once eroded, becomes its own recruitment penalty.
For more than 25 years, Brunel has partnered with Australia's oil & gas industry, helping operators secure the skilled professionals they need while strengthening workforce planning, succession strategies and knowledge continuity. Backed by long-standing relationships with active industry specialists and highly experienced retirees, we connect organisations with the expertise required to maintain operational capability today while preserving critical knowledge and developing the workforce of tomorrow.
Successfully navigating the demographic cliff is not about replacing people – it’s about preserving capability. Brunel works closely with operators to identify knowledge-transfer risks, develop proactive workforce strategies and connect organisations with experienced professionals through our extensive local, global and cross-industry talent communities. Backed by data-driven market intelligence, we help clients build resilient workforces, protect decades of institutional knowledge and turn demographic change into a strategic advantage.
The tide is already in motion. The knowledge vacuum forming today will shape the safety, productivity and global competitiveness of Australian operations for the next decade. As collective technical expertise walks off job sites, the market leaders will be those that treat knowledge retention as a board-level workforce strategy rather than an administrative afterthought.
Structured contractor engagements are among the most practical, flexible and cost-effective tools available to counter the cliff. The framework only works if the pipeline is built before primary specialists exit the business – because once legacy expertise leaves the asset, retrieving it becomes a reactive, premium-rate challenge. Proactive planning is the only way to ensure the next generation inherits the foundational insight needed to run safe, efficient and resilient operations.

Talk to Brunel's dedicated oil and gas recruitment specialists today to audit your workforce risk and design a tailored knowledge retention strategy.
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