Statoil Streamlines Operating Model, Seeks Cost Efficiency

Statoil announced Thursday that it will streamline its operating model in order to become more cost efficient and fit for the future.

The company plans to consolidate operations in mid and north Norway into one business cluster, dubbed Operations North. Statoil’s Technology, Projects & Drilling (TPD) TEX and TPD RDI services will also merge into a new research and technology unit, named TPD R&T. In addition, the company has also stated that its project development process will be simplified.

Statoil’s latest changes form part of the ongoing efficiency work, which is being carried out through the STEP (Statoil Technical Efficiency Program) and OE (Organisational efficiency) schemes. The latest development follows the company’s recent announcement that it could fire 1,500 workers by 2016.

Eldar Sætre, President and CEO of Statoil, commented in a company statement:

"We need to continue our efforts to increase efficiency and reduce costs. Our aim is to become a more cost efficient and fit for the future organization. These changes will support this ambition by reducing organizational complexity, clarifying roles, utilising people resources more efficiently and strengthening line accountability. A pre-requisite is that we will continue to deliver safe and efficient operations, including high-quality support to our assets."



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  What Should Go On Your Electrical Engi... (Jul 25)
 -  AECOM to Lead Permitting for Monkey Is... (Jul 25)
 -  LyondellBasell Plans Its Largest Inves... (Jul 21)
 -  Preparing a Mechanical Engineering Res... (Jul 19)
 -  Tesoro Signs Deal with Pemex to Enter ... (Jul 19)


Most Popular Articles

From the Career Center
Jobs that may interest you
BPA Preparation & Training Coordinator
Expertise: Document Control
Location: Houston, TX
 
Marketing Manager
Expertise: Marketing|PR / Corporate Communications|Sales
Location: Waller, TX
 
Administrative Assistant IV
Expertise: Executive|Secretarial or Administrative
Location: Houston, TX
 
search for more jobs

Brent Crude Oil : $50.97/BBL 1.53%
Light Crude Oil : $48.75/BBL 1.79%
Natural Gas : $2.92/MMBtu 0.68%
Updated in last 24 hours