Ƶ

Ƶ Oil logo
Ƶ Oil logo

Workforce Overview

Our Talent Landscape
Our employees help produce the energy the world needs. We know our current and future success depends on attracting, developing and deploying a diverse, engaged workforce with the expertise to execute on our business strategy.

As of Dec. 31, 2022, we had approximately 1,600 active, full-time employees worldwide. Approximately 73% of our full-time workforce was based in the United States with 27% in Equatorial Guinea. Through recruiting, training, education and vocational programs, we strive to have a workforce reflective of the areas in which we operate. In 2022, and as a result of intentional nationalization efforts, 93% of our Ƶ EG Production Limited (MEGPL) workforce was Equatoguinean. See the EG section for more information.

The average tenure for full-time employees was approximately eight years, with approximately 33% of our full-time employee population having 10 or more years of experience.

  • ᵃ Workforce statistics reflect year-end data.
  • ᵇ Includes all regular, casual and expatriate records, except summer interns and LTD/unassigned employees. Only shows data from United States and Equatorial Guinea. Numbers have been rounded.
  • ᵃ Workforce statistics reflect year-end data.
  • ᵇ Includes all regular, casual and expatriate records, except summer interns and LTD/unassigned employees. Numbers have been rounded.
  • ᵃ Workforce statistics reflect year-end data.
  • ᵇ Includes all regular, casual and expatriate records, except summer interns and LTD/unassigned employees. Numbers have been rounded. 2018 global numbers include United States, Equatorial Guinea, Iraq and U.K.
  • ᵃ Workforce statistics reflect year-end data. Turnover is calculated using all employees whose last day worked was during the calendar year, divided by the average of the end-of-year headcounts for the current and previous years.
  • ᵇ Retirement data is not included in the voluntary and involuntary turnover statistics.
  • ᶜ Includes all regular, casual and expatriate records, except summer interns and LTD/unassigned employees.
  • ᵈ Prior year data has been updated to include casual employees (excluding summer interns) and Equatoguinean interns, and to correct a miscalculation in previous years.

Introducing Ensign

In November 2022, we announced the acquisition of Ensign Natural Resources, an exploration and production company operating in the Eagle Ford Shale in South Texas. The 130,000 net acres Ƶ Oil acquired from Ensign spans Live Oak, Bee, Karnes and Dewitt counties across the condensate, wet gas and dry gas phase windows of the Eagle Ford. This acquisition satisfied every element of our exacting acquisition criteria, uniquely striking the right balance between immediate cash flow accretion and future development opportunity.

We are excited to welcome former Ensign employees to our One Team culture at Ƶ Oil and look forward to growing together as we maintain our investment grade balance sheet and deliver on our ESG commitments.

How are we doing?

Your opinion matters. Please take a moment to let us know how useful you find the content on this page.

If you’d like to give us your feedback on the entire report, please fill out the complete survey for the 2022 report.