Farstad shuts down Melbourne office, trims workforce

Offshore service vessel provider Farstad Shipping concentrates its oil service activity in Australia to Perth and will close down the management office in Melbourne.

The company said on Tuesday that, consequently, the Australian onshore organization will be reduced from 65 to around 30 employees.

“Farstad Shipping has participated in the development of the offshore oil and gas industry in Australia since the 1990s, and has become one of the leading oil service companies in the region. To secure this position also in the future, we are now transferring all of our activities to Perth, making it our new headquarters in Australia,” says Karl-Johan Bakken, CEO of Farstad Shipping.

Perth will then facilitate both the headquarters and the operations center, in addition to the company’s training and offshore simulation center.

The background for this move now is the challenging market situation with low oil price and the subsequent sharp reduction in offshore activity, Farstad explained.

“It is with regret that we have to lay off dedicated and highly skilled employees, but it is the unfortunate result of a necessary capacity adjustment,” Bakken says.

Bakken further says that the transfer of activity from Melbourne to Perth is a necessary step in preparing Farstad Shipping for the future.

“In addition to working on establishing an overall refinancing plan, we are continuously working on structural solutions in order to secure our competitiveness and to align with the market and the needs of our clients,” Bakken concludes.

Farstad Shipping Pte. Ltd. in Singapore, which previously has been reporting to Australia, is now to be directly related to the Head Office in Aalesund.

Share this article

Follow Offshore Energy Today

Events>

<< Jun 2019 >>
MTWTFSS
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30

Shanghai Int Petrochemical and Offshore Oil & Gas and Chemical Industry Technology and Equipment Exhibition 2019

cippe Shanghai has attracts both domestic and overseas buyer groups, including Shell, Exxon Mobil, Total…

read more >

OIL & GAS PHILIPPINES 2019

Oil & Gas Philippines event display products like Oil & gas, fire protection systems and materials…

read more >

Nigeria Oil & Gas Conference & Exhibition 2019

The annual meeting once again proved to be a great success, gathering over 700 industry professionals…

read more >

08th OIL & GAS AFRICA 2019 CONFERENCE

OIL & GAS AFRICA is one of the most prime regional & international Oil and Gas conferences in East Africa…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply