Royal Dutch/Shell is planning to hire an extra 1,000 engineers for its exploration and production business, hoping this will restore the credibility of its oil and gas reserves accounting, according to the Financial Times.
The move, disclosed in an internal newsletter, supports the view of some people close to the company who believe technical shortcomings, as well as management failings, played a part in the company’s oil reserve scandal last year.
Last year the Anglo-Dutch energy group was forced to cut its proved oil reserves by almost a quarter.
Analysts and other oil companies said it would be difficult for Royal Dutch/Shell to find so many experienced engineers.
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