Concern for Aberdeen as Apache confirms redundancy plans
ByMark Lammey
Oil transformed Aberdeen following its discovery in the North Sea.
A US oil firm with a large North Sea operation has confirmed plans to reduce its global headcount by 10-15%.
The impact on Apache Corporation’s north-east workforce is not yet clear, but it is feared Aberdeen could be hit hard.
Apache said the redundancies were part of a wider initiative to “centralise” the company’s organisational structure.
The Houston-headquartered firm unveiled its restructuring plan during its third-quarter results announcement in October.
The company said the new structure would help the firm “prioritise and optimise” opportunities and exploration efforts and allocate capital more effectively.
