450 jobs face axe at oil firm
OIL COMPANY ConocoPhillips has confirmed it will axe around 450 jobs across its UK operations between October 2018 and April 2020.
A spokeswoman for the company said the move follows a voluntary redundancy programme triggered by plans to halt Southern North Sea production at Theddlethorpe Gas Terminal later this year.
ConocoPhillips currently has 1,300 staff and contractors in offshore and onshore operations in the UK.
The company was involved with the Lincolnshire terminal through a 50-50 joint venture with oil giant BP.