KCA Deutag to cut more than 200 oil jobs in N. Sea


KCA Deutag's Aberdeen office
KCA Deutag’s Aberdeen office

KCA Deutag has become the latest North Sea operator to announce job cuts due to the collapse in oil price. The company is to cut up to 200 North Sea offshore workers and up to 30 support jobs in Aberdeen.

KCA Deutag is also proposing to cut staff salaries across the board by 5% in order to “maintain competitiveness while protecting as many jobs as possible”. The business has said that 500 jobs spanning 20 countries were “at risk”.

Norrie McKay, Chief Executive, said: “KCA Deutag continued its growth in 2014 and maintaining this forward momentum will be challenging in 2015 in this new oil price environment.

“As a result we commenced the review of our operations to reduce our cost base in line with expected levels of drilling activity.

“We have proposed a 5% reduction in staff salaries to enable us to retain as many talented people in our business as possible to ensure we are well placed when market conditions improve.

“Our priority has been to minimise additional job losses.

“There will be some roles at risk of redundancy, but where we can redeploy staff we will.”

The company employs 10,000  people worldwide – including 1,200 people in its North Sea offshore business.

Pixie Energy

Pixie logo Pixie Energy is an incubator and a facilitator of strategic research and project work, focusing on energy regulation, policy and markets at the local and national level. Find out more about Pixie Energy here.

Local Energy Matters: Scotland

Local Energy Matters: Scotland is a free-to-download brochure with a focus on energy tariffs in the two Scottish electricity distribution regions, as well news on local energy and low-carbon schemes.

Previous editions can be download here.

Scottish energy market overview

You can read an overview of the Scottish energy market here.

Scottish Government energy feed