BP has said the sharp fall in oil prices will not impact on its plans to develop giant fields West of Shetland but has signalled that it may cut jobs in Aberdeen.
BP has said the sharp fall in oil prices will not impact on its plans to develop giant fields West of Shetland but has signalled that it may cut jobs in Aberdeen.
Asked to comment on a report in the Sunday Times that the oil and gas giant will freeze projects and cut middle management jobs in response to the oil price fall, a spokesman for BP said work will proceed as planned on the Clair Ridge field and the redevelopment of the giant Schiehallion field off Shetland.
The head of BP??s North Sea business Trevor Garlick has highlighted the firm??s enthusiasm for the West of Shetland area, where it hopes to make further finds.
However, BP indicated there may be job losses in the Aberdeen headquarters of the UK North Sea business.
The Sunday Times said the fall in oil prices since June has given fresh impetus to a restructuring programme started two years ago.
The spokesman noted BP has not finished updating its staffing structures to reflect all the disposals it has made in recent years.
The company has sold a range of North Sea assets it decided were non core.
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