Statoil Cuts Employees in its US Upstream Sector

Statoil ASA’s announcement in June to standardize, simplify and increase efficiencies across the organization will result in a global workforce reduction of 1,100 to 1,500 employees and 525 consultants, according to Statoil spokesperson Knut Rostad.

The CEO of the Norwegian oil and gas company told Reuters in late September of the company’s restructuring plans, which included having 20 percent fewer employees at the end of 2016 than in 2013.

There has been ongoing work on the structure of the U.S. organization and recently, some U.S. employees have been let go.

Rostad told Rigzone that employees were informed at the end of August of the company’s plans for restructuring of the upstream business, which would result in a reduction of 15 percent of the U.S. workforce through 2016. He said shortly thereafter employees were able to apply for severance packages or apply for new positions in the company.

“On Oct. 13, we informed our employees in our U.S. upstream business and some key interfacing organizations of their status,” Rostad told Rigzone. “Regrettably, this has meant that good colleagues are leaving the company.”