Petrofac to swing axe once more

The article has been updated to include a statement by Petrofac

Petrofac, a provider of oilfield services to the international oil and gas industry, could axe up to 160 jobs in an effort to re-structure its business. 

In April 2015, in an attempt to cut costs, Petrofac reduced its headcount both offshore and onshore.

Petrofac has 22,000 employees in 31 operating offices and project locations around the world.

According to BBC, Petrofac said it was integrating its services into a single business, but has not revealed the number nor location of workers that will be affected by this decision.

BBC further reported that the company’s consultation with the workers would end later this month and that up to 160 jobs could go.

Offshore Energy Today has reached out to Petrofac seeking further information about the potential job losses.

Petrofac spokesperson said: “We’re constantly looking for ways to make our business as cost efficient and delivery-focused as possible. Integration of our UK services will deliver a streamlined and effective business which is designed to ensure we remain competitive and sustainable against a challenging industry backdrop.

“We’re making every effort to minimise the impact on our 1900 UK employees. Under our current proposals the positions potentially at risk represent less than 10% of our entire UK population and will be spread across our operating centres.”

Offshore Energy Today Staff