Offshore drilling contractor ENSCO advises employees that another 243 jobs may be lost if further work in not secured.
http://www.oilandgaspeople.com/news/11711/ensco-warns-of-additional-243-redundancies/
ENSCO has sent a memorandum out to all it's offshore workforce advising that due to several rigs approaching the end of their contract period with no signs of a renewal in place, they expect they may have to make another 243 staff redundant.
The move comes after the organisation cut 350 jobs earlier this year after 3 drillships and one semi-sub were left without work and were subsequently stacked.
Our source who works for the organisation but wishes to remain anonymous advised: "The memorandum was sent after the ENSCO 102, 120, and 121 were left without a contract".
ENSCO has advised employees that unless work is secured for the idle rigs, the additional 243 job cuts will go ahead. The organisation has already began formal consultations with employees where a scoring system will dictate each employees value to the organisation.
It was hoped that after OPEC made a deal to cut worldwide production and force the oil price upwards that North Sea redundancies would come to a halt as a higher price allowed rigs to return to work.
This however does not appear to have happened yet, but it is early days since the OPEC agreement.
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