Repsol planning to cut almost 100 Aberdeen jobs

REPSOL Resources is looking to cut around 95 onshore workers based at its Aberdeen office following Sinopec’s exit from the North Sea joint-venture.

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It comes after Sinopec exited the UK business in November following a lengthy arbitration with Spain’s Repsol, which ultimately resulted in a £1.6bn ($2.1bn) deal to buy out Sinopec’s stake.

A source close to the matter told Energy Voice nearly 100 people are expected to be cut from the organisation.

When asked about the rumoured job cuts, a Repsol UK spokeswoman told Energy Voice: “We can confirm we are reviewing Repsol UK’s onshore organisational structure and operating model, following Repsol’s acquisition of Sinopec’s share in the UK business in November 2023.”