Internal restructuring
United Kingdom
Location of affected unit(s)
Mining / Quarrying
Mining And Quarrying
Extraction Of Crude Petroleum And Natural Gas
06.1 - Extraction of crude petroleum

450 jobs
Number of planned job losses
Job loss
Announcement Date
11 April 2018
Employment effect (start)
1 October 2018
Foreseen end date
30 April 2020


Oil Company ConocoPhillips has announced plans to cut 450 jobs from its UK workforce. The plans are subject to the statutory consultation processes, though it is expected that the job losses will take place between October 2018 and April 2020. Aberdeen is the base for more than half of the company's 1,300 UK workforce, though at this stage the location of the job cuts has yet to be confirmed. Politicians and trade unions expressed some surprise at the announcement, given the recent predictions of a recovery in the oil sector.


  • 11 April 2018: Energy Voice
  • 11 April 2018: BBC Website


Eurofound (2018), ConocoPhillips, Internal restructuring in United Kingdom, factsheet number 94151, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/94151.