Statoil Scraps Plan To Build New Head Office After Job Cuts

Statoil Scraps Plan To Build New Head Office After Job Cuts
Statoil ditches plans to build a futuristic-looking head office in Stavanger after cutting the size of its workforce by almost 3,000 in recent years.

Reuters

OSLO, March 10 (Reuters) - Norway's Statoil has ditched plans to build a futuristic-looking head office in Stavanger after cutting the size of its workforce by almost 3,000 in recent years, a spokesman for the oil and gas firm said on Friday.

Statoil in early 2014 launched plans to construct an oval building with a sloping roof to accommodate some 3,500 employees, but the price of Brent crude has since fallen by half, forcing a rethink.

"At that time we expected the need for office space to increase, but today the existing offices meet our needs," Statoil's spokesman Morten Eek said.

"It became possible after workforce reductions and more efficient use of workspace," he added.

Statoil said on its website it has some 20,500 employees, down from 23,400 in 2013. In 2015, Statoil sold its head office building in Stavanger to Colony Capital Inc., signing a 15-year lease with a possible extension.

(Reporting by Nerijus Adomaitis, editing by Terje Solsvik)

Copyright 2017 Thomson Reuters. Click for Restrictions.

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



Most Popular Articles

From the Career Center
Jobs that may interest you
QA/QC Engineer
Expertise: Mechanical Engineering|QA / QC / Inspection
Location: Houston, TX
 
Sr. Administrative Assistant
Expertise: Secretarial or Administrative
Location: Houston, TX
 
Mechanical Eng
Expertise: Operations Management
Location: Industry, TX
 
search for more jobs

Brent Crude Oil : $48.6/BBL 1.12%
Light Crude Oil : $46.34/BBL 1.24%
Natural Gas : $2.9/MMBtu 2.35%
Updated in last 24 hours