Oil giant BP is to axe 350 jobs from the 2,100 staff at its North Sea headquarters in Aberdeen.
The firm’s North Sea oil production has dropped to 350,000 barrels a day from 550,000 barrels in 2004.
Last month the UK based firm said it would shed four layers of management in a radical shake-up following a “dreadful” performance in the third quarter.
BP said losses would not affect the workforce offshore or in plant-based positions at onshore sites. The cuts are expected to be made by March.
Andy Inglis, BP’s chief executive for Exploration and Production, said: “These plans are an important step in delivering BP’s agenda of simplifying how the company is run and ensuring resources are focused on front-line delivery. They will help to secure our continuing presence in the UK’s North Sea.”