Transocean To Cut 230 Offshore Drill Crew Jobs

Published at 12:33PM - 15/02/16

Transocean to cut 230 offshore drill crew jobs, from its Norwegian operations, as the company continues to struggle despite recent awards.

According to media sources the Swiss registered drilling company is looking to cut around 230 positions, from its Norwegian based offshore drill crews, on top of 575 jobs already lost in the country.

Just last week Transocean released details of new contract awards, worth approximately US$500 million, it had won from a period covering October 2015 to February 2016.

Transocean To Cut 230 Offshore Drill Crew Jobs

However much of the work was based in the US Gulf of Mexico, with the biggest being a 10 year deal with Shell for the company’s latest ultra deepwater drillship Deepwater Thalassa, and not within the North Sea sectors.

The majority of the company’s drilling rigs currently operating within the Norwegian sector are due to finish current contracts over the next few months.

Of the four rigs that are due to finish work, three will be laid up on a warm stack basis with a heavily reduced crew, and one on a cold stacked basis with with all crew laid off.

Norwegian Drilling

Over the last few years rival contractors Odfjell Drilling have been securing the majority of the major and longterm drilling contracts across the Norwegian sector, including all pre and post first production drilling on the giant Statoil operated Johan Sverdrup, out competing Transocean within Europe.