Bilfinger is thought to be on the verge of issuing another round of redundancies notices, putting 200 jobs at risk.
According to an internal email cited by the Norwegian publication Stavanger Aftenblad, the cuts, which are thought to affect Norwegian posts, are expected to take place in the final quarter of this year.
The oil price slump has already forced the German-owned contractor to decrease its headcount by 500 permanent posts.
The firm has previously come under attack from offshore union SAFE for shedding permanent positions while maintaining contractor posts.
Bilfinger is the latest in a string of companies to make job cuts in the wake of $50 oil.
Last week, subsea contractor Ceona went into administration with a loss of 102 jobs.