Hunting is planning to cut jobs at its office near Aberdeen.
The global energy services firm currently employs 98 staff at an operating base in Badentoy.
Europe, Middle East and Africa managing director Graham Goodall said the business had to make tough decisions to “right-size” its operations in Europe and confirmed that “headcount will be reduced“.
Although he was not specific on numbers, he told the Press & Journal that the decision was mainly due to the company moving well intervention manufacturing to a new Dubai facility.
“It’s for efficiencies and distribution around the region more than anything,“ Goodall explained. “And then, on top of that, there will be some shared services in Badentoy positions that will be at that higher risk.“
He did confirm that the Badentoy site would not be closing, however.
Hunting's subsea technology, well intervention and organic oil recovery products and services are based there.
A trading update also revealed that an operating site in the Netherlands is set to be closed, with all work being transferred to its site in Fordoun, which currently employs 45 staff.
Hunting first announced its restructuring plan in January - aimed at saving around £8m a year - with the latest update stating that consultations have now commenced with affected staff and a further update due in the middle of April.
Goodall went on to say: “It’s no secret that the large operators are looking to downsize or exit the North Sea, and that has an impact on the service providers.
“The approach from the government has had a massive impact on our decision making.“
Goodall added: “It’s all the taxation that they’re putting on to the companies, making it impossible for them to stay here... they’re forcing them out of the environment.”
Badentoy was originally obtained in 1992 after moving from Altens. Following several acquisitions, the building was expanded during 2011 to create a North Sea service hub, offering perforating and logging equipment, thru-tubing, wireline and e-line.
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