The employment in the crude oil extraction sector in the Netherlands is forecasted to experience a gradual decline from 2024 to 2028. Starting at 405 FTEs in 2024, the number of full-time equivalents is projected to decrease annually, reaching 396 in 2025, 389 in 2026, 383 in 2027, and 378 in 2028. This trend reflects a year-on-year decrease of approximately 2.2% from 2024 to 2025 and continues to decline by roughly 1.8% to 1.5% in the following years.
By examining these variations, the compounded annual growth rate (CAGR) over the last five years (2024-2028) suggests an average annual decline of around 1.4% in employment.
Future trends to watch for include technological advancements that may reduce the need for manual labor, regulatory changes impacting oil extraction activities, and shifts towards renewable energy sources which could further influence employment in this sector.
