Over 2,000 rig jobs at risk

rigRig.Photo. Pixabay.com

The rig crisis and the downturn for offshore vessels is worse than expected. Last year the NSA believed there would be a further decline this year, but the situation has become worse than what they originally envisioned.

Numbers that NSA operates show that 7,000 jobs in the rig industry and offshore vessels were lost in 2015. In 2016, the figures are likely to be 4.500. Around 100 offshore vessels are now in buoys along the coast without mission, writes Stavanger Aftenblad.

– The negative expectations have been right and even worse, says Sturla Henriksen, director of the NSA.

By February 2017, as many as 24 rigs stand without mission, and there is nothing to suggest that it will get better soon.

– Unfortunately, it will be even worse. Around two thirds of the rigs will be in circulation by the end of 2017. Something that also counts on the situation for offshore vessels.

There will be some difficult years. 2016 is difficult, 2017 even worse, before in 2018 there is a hope that things will start to pick up again, says Henriksen.

The reason for this is that for the time being, there is not enough activity globally to meet demand for oil and gas.
Source: NTB scanpix / Norway Today