My advice to those who're looking to leave EM is to look outside of the industry. If you don't, you'll just end up in a very similar situation with very bleak future prognoses.
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All the oil companies are on borrowed time. I left and now work for a large evil data center. They pay well and the job is simple. I handle all the power generation and cooling systems. It is like a small plant operation. It is remarkable how similar the operations are compared to refineries or chem plants. I say make the jump before it's too late.
The industry is here to stay and will be for all of our lifetimes. But oil and gas jobs are no longer the premier jobs in the western world like they once were.
100% there is no way back for the industry. The only thing that EM needs to do is to find a naïve small country that is willing to sign away their oil and gas wealth. Once they've done that (likely with the help of the US government) the rest is outsourced or offshored to minimise cost. Let us hope that Guyana and others wake up and squeeze more dollars out of EM.