London: Maersk Oil has cut 200 jobs in an effort to reduce its operating costs by 20% over the next two years in the face of declining oil prices.
The redundancies will affect Maersk staff at its headquarters in Copenhagen, Denmark; Qatar and 30-35 jobs in the UK.
Both permanent employees and core contractors will be affected, reports say. Nineteen contractors will be lost in the UK.
Last month, Shell said it would let go 250 staff and agency contractors working on its North Sea operations.