The importance of oil and gas industry needs no introduction, as it is serving a number of companies as well as households since the foundation of this universe. The globally renowned processes for exploration, extraction, refining, transporting & marketing the petroleum products, have urged a number of oil companies to invest in this sector to the highest possible extent and become a leader. But today, in 2015 where most of the oil and gas companies are enjoying the benefit of sitting at the top; on the other side of the coin, there is a significant ‘lot’ of small sized and medium sized firms who, obviously vision to be the market leader in the said industry, but somehow fails to accomplish it. However, as per a recent survey, these small sized companies are reported to be attracted towards a pattern that is highly catching up fire, i.e. translation.
Really??? Is Translation the Major Factor?
In order to achieve proper localization and cross the national boundaries, the most popular pattern that was talked about above, is actually translation. Constituting almost 200 million native people, the significance of precise Arabic Language Translation becomes more discerning. Why only Arabic language is preferred by the companies, is also a major fact of consideration. After a number of intensive market research and survey of companies, the market analysts found a notable ways in which this language has been providing lucrative benefits and revenues to the investors in oil and gas sector. Basically, the native Arabic translators are preferred for this task, as Saudi Arabia is one of the largest oil producers. Hence, they are the most suited professionals who excel at retaining the essence of Arabic language in various business documents.
Some of the core factors that are driving the organizations, thirsty are:
• Reservoir studies
• Pipeline inspection reports
• Appraisal and well operation documents
• Health & safety documents
• Environmental impact assessments
• Tender documentation
• Environmental compliance audits
• Biostratigraphy documents
• Technical and CAD drawings
And the like
With authentic translation of all such documents/reports into Arabic from other language and vice versa, the global oil and gas leaders, along with the small sized firms are trying to outmaneuver each other and earn maximum amount of revenues as possible.
What about Natural Gas?
Like oil, the natural gas is also regarded as a building block to serve households and various industries. Hence, the players in the market of natural gas are also fighting this tough competition with Arabic translation, in order to target the consumers pertaining to different sectors, such as:
• Clothing
• Glass
• Paper
• Electricity
• Paints
• Dyes
• Medicine
• Plastics
Sudden Shift in Recruitment Industry
As mentioned above, the oil and natural gas producers are also utilizing the oil and gas products in several sectors. The trend has not stopped yet. In order to reap the maximum benefit of this industry, the market players are obviously inclining towards certified Oil and Gas Documents Translation, but they are also shifting towards recruitment industry. Basically, the idea of this shift is to outperform in the industry, by associating with a dexterous team of employees. According to most of the key players in this field,
Authentic Arabic Translation + Talented Team of Employees = Revenues, Revenues and Just Increased Revenues
Hence, a huge proportion of investment was reported on recruitment’s:
• $50,613 on geologists and geophysicists
• $77,023 on chemical/mechanical/petroleum engineers
• $65,098 on certified technicians
• $68,048 on drilling co-coordinators
Again, the translation plays its part here also. While the employees are recruited, all the documents related to their recruitment and final selection are also translated, such as offer letter, appointment letter and the like.
Conclusion
The oil and gas industry is gradually on its way to conquer the whole business world, as it is trying to attract business leads and revenues from almost all the sectors, keeping it as the parent industry, while others as its child. As per a research, the small players in this sector are poised to surpass Saudi Arabia and Russia by 2020, on account of effective translation. Not just this, the research also described that the thirst of oil and gas sector will help to impact real estate, financial institutions and engineering industries, via unmatched Arabic translation.
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