More job cuts in UK North Sea
- Business & Finance
Taqa, the UAE-based energy company with assets in the UK sector in the North Sea is looking to reduce its offshore workforce as a result of challenging industry environment.
The company is gearing up to lay off as much as one hundred workers, mainly offshore core crew positions. The cuts will affect contractors employed at Taqa’s northern and central North Sea platforms.
To remind, earlier this year, Taqa said it would let go 100 workers, mostly contractors and consultants in onshore positions.
In a statement sent to Offshore Energy Today on Friday, Taqa said: “TAQA’s UK North Sea business, along with the industry as a whole, is operating in a challenging environment. The combination of an enduring low oil price, declining production rates and increasing operating costs, means we must continually review our activity set and refine our approach in order to prioritise the areas of our business that will ensure our long-term success.
“As part of our focus to deliver safe, efficient and sustainable operations and development in the UK North Sea, we are restructuring our offshore organisation to establish a consistent operating model across our northern and central North Sea platforms and give us greater ownership of all aspects of our business by ensuring TAQA staff are in key leadership positions.
“As a result we have regrettably determined that it is necessary for us to reduce the size of our offshore crews. We are currently proposing a reduction of around 100 offshore core crew positions, mainly impacting contractors.
“Working closely with our key contractor companies, the process will take a number of weeks and will involve consultation with those potentially affected by this change. Our workforce are fully informed of the proposed changes and we will work to support them through the process. We foresee that this proposal, combined with other efforts to optimise our business, will extend the life of our platforms.”
Offshore Energy Today staff