Maersk Drilling to Cut up to 140 Jobs in Norway
COPENHAGEN, July 21 (Reuters) – Maersk Drilling, a unit of Danish conglomerate A.P. Moller-Maersk, will cut up to 140 jobs in Norway due to lack of work for two rigs, the drilling company said.
The jack-up rigs Maersk Gallant and Maersk Inspirer are expected to have finished their jobs in August and December respectively and negotiations are under way with the employees' union, a spokeswoman said.
Maersk Galant is currently hired by France's Total while Maersk Inspirer is hired by Norway's Statoil.
The job cuts correspond to four percent of Maersk Drilling's total workforce.
The offshore drilling industry is facing challenges as oil companies postpone or cancel exploration and development projects due to low oil prices.
Oil in January hit its lowest levels in more than a decade.
(Reporting by Ole Mikkelsen; editing by Jason Neely)
WHAT DO YOU THINK?
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.
- CEO: Maersk Drilling Strong Enough To Stand On Its Own After Listing (Aug 28)
- Maersk Drilling Lays Off Dozens in GOM (Jan 23)
- Maersk to Limit Investment in Energy Businesses until Separation (Dec 13)