Chariot initiates downsizing measures

Offshore staff

LONDONChariot Oil & Gas, a West Africa/Brazil-focused independent, plans to reduce its head office staff by around one-third, in response to market conditions.

As part of the overhaul, technical executive director David Bodecott has agreed to step down from the board, but will continue to work with the company on a consultancy basis, focusing on portfolio de-risking and other technical aspects of the company’s exploration program.

Chariot stresses that it remains fully funded to satisfy its current work commitments. 

05/10/2016

Share your news with Offshore at news@offshore-mag.com

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...