Anadarko is cutting 1,000 jobs as the company works to navigate a difficult market environment.
Anadarko Petroleum Corporation, an exploration and production company headquartered north of Houston in The Woodlands, is reducing its workforce by about 17 percent, resulting in 1,000 layoffs, company spokesperson Stephanie Moreland confirmed to Rigzone.
“We carefully evaluated what our staffing levels should be given the down cycle and what it should look like in a recovery,” Moreland said in an email to Rigzone.
The announcement of Anadarko’s workforce reductions come as a result of those discussions and considerations. Moreland said the job cuts are “spread across most organizations, as well as across [the company’s] operating areas, corporate headquarters and regional offices.”
Anadarko announced March 1 it would be reducing its year-over-year capital investments by almost 50 percent, which includes reducing U.S. onshore activities by almost $2.5 billion in capital investments and reducing its U.S. onshore rig count by 80 percent to five operated rigs.
The company’s decision to lay off 17 percent of its staff is a necessary response to the difficult market environment and lower capital program and reduced activity levels, said Moreland.
“These steps will help ensure the organization is right-sized and appropriately staffed for the current environment and well positioned for the future.”
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