Recruiting in China

According to Antal China, the oil and gas sector is about to experience significant growth thanks to the growth of the Chinese economy. The company state that since 2011, the two China oil giants CNPC and Sinopec, have been pushing the wholesale prices down at a minimum, while increasing the prices of the retailed refined oil, thereby delivering high profits. However this year, at a time when the price difference between retailed and wholesaled oil has reached RMB 300/ton, foreign and private retail stations are facing a serious lack of oil source. For this reason some oil companies are now setting up their own depot – a move which has been recorded and supported by recruiting firm Antal China. In part, these new ventures ensure the companies retain enough oil reserve, but they also help companies to respond to price fluctuation which remain a clear feature of the Chinese market.

Antal have also perceived that deep-sea oil and gas field Exploration and Production (E&P) is becoming a greater focus in the region. However, this area of business requires higher quality of equipment, technology and talent. There are clearly new opportunities here for foreign companies who wish to supply this kind of technology to the region and alongside this there will be a higher demand for skilled personnel in deep sea development, project management, sales and application.

Antal have already been working in this area, recruiting for a foreign company who specialise in high-end sub-sea products. The company concerned set up a new office in Shenzhen in order to supply the deep-sea E&P development.