600 staff to go at Odfjell Drilling

Oslo: Odfjell Drilling has sent out a compensation package offer to 600 onshore workers as redundancies loom amid the weak oil price sentiment.

In mid-February Odfjell Drilling said it was afraid three awaited drillships will never be delivered, as the corruption scandal surrounding Brazilian energy conglomerate, Petrobras, continued to unravel.

Odfjell Drilling is a shareholder in three of the seven drillships to be built in Jurong Aracruz shipyard in Brazil with 10% in each ship. Odfjell Drilling was guaranteed long-term contracts with Petrobras for delivery and operation of the ships. These ships have since become highly unlikely to be finished.


Hans Thaulow

Hans Henrik Thaulow is an Oslo-based journalist who has been covering the shipping industry for the last 15 years. As well as some work for the Informa Group, Hans was the China correspondent for TradeWinds. He also contributes to Maritime CEO magazine. Hans’ shipping background extends to working as a shipbroker trainee with Simpson, Spence & Young in Hong Kong.
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