Oil services firm Beerenberg said its work on the Ekofisk field has been “significantly” reduced after it lost out on a maintenance contract to Bilfinger Indsutrier.
The company has held the ISO services deal on field which is operated by ConocoPhillips.
However, chief executive Morten Walde informed staff earlier this week the company had lost out on the lucrative contract which is said to be worth about NOK600million.
Walde said it was “too early” to say what impact the contract loss would have on its staff in the Stavanger area.
He added that the current marketplace meant the company could not “rule out” redundancies as a result of the cancellation.
The chief executive said Beerenberg was still looking forward to working with ConocoPhillips in the future.
He said It was “important” for the company that the close cooperation “albeit in a different format” continued in the “coming years”.