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Subsea 7 to downsize offices in Aberdeenshire hub

Subsea 7 CFO
Subsea 7 news

Subsea 7 is to downsize its Aberdeenshire office as it looks to streamline costs during the oil price decline.

The company, which announced it would be making headcount reductions earlier this year, said it would “optimise” its other buildings.

Subsea 7 currently has its east and west complex as well as its workshop and sports centre based in Westhill.

The Oslo-listed company does not own the West Campus building, but had been leasing it out.

A spokeswoman said consolidation of the offices allowed the company to be more “cost-conscious”.

She said: “We will optimise our utilisation of our Westhill Workshop, Sports Centre and East Campus buildings, together with a site at Greenwell in Aberdeen.

“Consolidating our Aberdeen offices allows us to be more cost-conscious. It also offers an excellent opportunity for bringing our teams closer together to work collaboratively on projects.”

Earlier this year the offshore service giant announced a deal worth £156million for extra work in the UK North Sea.

The company said it had secured a two-year extension to existing contracts with Shell International Europe.

Aberdeen, which is known as a hub for subsea excellence in the UK, has made the Westhill area on the outskirts of the city its “subsea hub”.

A number of companies operate in the complex including ROVOP, Subsea UK and Technip.

In 2012, the area was crowned as a global centre of subsea excellence.

It is known in the industry as ‘SURF City’ a term which recognises the main components of the industry including subsea umbilicals, risers and flowlines which for a major part of the work undertaken in Westhill

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