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The Scotsman: Shell chief warns of further bad news: major review of costs across entire European operations

A SENIOR executive with Shell yesterday warned of further potential job losses in the oil giant’s North Sea operations, only a day after it put six major offshore assets on sale.

John Gallagher, Shell’s technical vice-president for exploration and production in Europe, revealed that the company is to embark on a major review of costs across its entire European operations.

At least 400 staff posts in Aberdeen and offshore are in doubt after Shell’s controversial decision to sell the fields and to abandon plans for a GBP 25 million sub-sea centre of excellence at its Aberdeen headquarters complex.

Mr Gallagher said: “There has been a huge cost escalation in the industry in recent years.”

Published: Jun 16, 2007

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