Norwegian oilfield services company Beerenberg has reportedly decided to lay off another 250 employees.
Back in August 2016 , the company failed to secure an extension to the maintenance services frame agreement on the ConocoPhillips-operated Ekofisk field in the Norwegian sector of the North Sea. The contract had an annual turnover of NOK 400 million ($49.5M).
The nine-year frame agreement was awarded to Beerenberg’s rival company Bilfinger and, as a result, Beerenberg was forced to reduce its workforce by 250 employees.
According to a report on Monday by Offshore.no, a Norwegian oil industry news website, Beerenberg is now forced to terminate another 250 employees, in addition to 250 already laid off during the second quarter of 2016.
The news website further said that this second round of layoffs is due to a ‘major’ construction project in Norway that will be completed in spring 2017. The 250 employees will be terminated in the period up to the New Year.
Offshore Energy Today has reached out to Beerenberg seeking confirmation as well as further details about the reported layoffs, however, we are yet to receive any response.
At the end of the second quarter of 2016, the company had 1,452 employees and posted an 18 percent drop in revenues when compared to the second quarter of 2015.
Offshore Energy Today Staff