3.30pm 11 December 2013
The North Sea oil and gas industry is set suffer a net loss 23,000 jobs over the next five years – with many of these expected to go in Aberdeen and Grampian areas, according to an in-depth analysis commissioned by the London-based Oil and Gas UK trade body.
The report – ‘Fuelling the next Generation’ – forecasts that a total of 35,000 jobs will be lost by 2019 as oil exploration and recovery operations decline and new fields become harder to find and commercially exploit.
But over the same period, the industry is forecast to recruit some 12,000 new people into the maturing sector.
Yesterday, ConocoPhillips announced it was cutting 230 jobs in the North Sea and BP is presently mulling over global job cuts.
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