Aibel Confirms Staff Reductions in 2016

Norway-based oilfield services company Aibel AS confirmed Tuesday that it will be laying off approximately 500 employees from April this year.

In a statement to Rigzone, an Aibel spokesperson said:

“Aibel will reduce our workforce with approx[imately] 500 employees…The process will start in April”.

The spokesperson revealed that the reason for the latest cutbacks is due to “the falling market”. In 2014, Aibel announced that it would lay off over 1,000 workers over the course of the year.

Aibel’s new staff cuts follow the award of several contracts to the company. On Feb. 9, Aibel revealed that it would be working on a C study for the second phase of the Johan Sverdrup development, after winning a contract for the implementation of the Oseberg Vestflanken 2 Brownfield Topside project from Statoil on Feb. 3.

At the end of last year, Statoil also awarded Aibel a new M&M contract worth approximately NOK 7.5 billion, and in October 2015 Centrica Energy Norway awarded Aibel a frame agreement for field development projects on the Norwegian Continental Shelf.

A graduate in journalism from Cardiff University, Andreas has eight years of experience as a business journalist. Email Andreas at andreas.exarheas@rigzone.com

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john weaver | Apr. 5, 2016
Socialist countries are feeling the pinch of low oil prices


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