Rigging Company cuts 230 jobs in Norway – Dagens Næringsliv

The Chinese-owned rig company COSL cut 229 jobs after the oil company Statoil Wednesday canceled the contract for the unit “COSL Pioneer”, 13 months before it expires, writes Aftonbladet. There will be no severance packages.

Read also : Statoil must cancel rig contract

The rig has been laid on Ågotnes outside Bergen since October 8 last year. In addition, one accommodation rig been idle since May.

See also: Paying million for rig laid

Staff COSL has previously agreed to cut wages its by ten percent to avoid downsizing. It still has not been sufficient.

See also: Oil Service Employees declined in wages to save their colleagues

The plan was that the work of “COSL Pioneer” would start up again for Statoil on August 15 and work out the contract, which ran until August 2016.

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CEO Jørgen Arnesen in COSL Drilling Norway. Photo: Tomas Alf Larsen

– Now we have no choice, says COSL CEO Jørgen Arnesen to Aftenbladet.

Of the 229 jobs affected are 20 onshore. In addition notified the organizational changes.

Earlier, the rig company Maersk Drilling and Transocean announced major downsizing on the Norwegian shelf as the rigs has gone by contract, and without new assignments.

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