Niloufar Molavi, PwC’s global oil and gas leader, is apt to remind people that core of the oil and gas trade—often obscured by huge M&A and big oil discoveries—is a thriving industry that makes its leaps and bounds through technology.

Innovation and emerging technologies for horizontal drilling and hydraulic fracturing will be vital to diversifying methods for acquiring energy sources, according to PwC’s 20th CEO Survey.

But with technology as a potential catalyst, 64% of oil and gas CEOs are worried about a shortage of employees to fill a large technical and skilled workforce in the oil patch, according to PwC’s 20th CEO Survey.

“The most difficult skill to find in the oil and gas sector is leadership, according to 71% of the CEOs interviewed,” PwC found. While not as important as collaboration (99%), adaptability (96%) or problem-solving (96%) to the overall organization, leadership is important “given the large technical and skilled workforce in the oil patch.”

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