Royal Dutch Shell will cut 250 jobs at its onshore North Sea oil operations in Scotland as part of its company wide cost cutting strategy.
The company said cuts at its Aberdeen facility will be implemented by the end of 2014, Reuters said Tuesday.
Shell employees about 4,500 employees and 1,000 service contractors at its upstream operations in Scotland.
A Shell spokesman said the company is implementing the cuts to “reorganizing its upstream onshore operations, to better serve the needs of its offshore facilities and to build a stronger long-term business in the North Sea.”
In the UK region of the North Sea, Shell produces more than 12 percent of the UK’s oil and gas on behalf of Shell and its partners.
Shell has been trying to shed international assets in a bid to increase revenues.
In early August, Alberta-based Osum Oil Sands purchased the Orion Oil Sands Project from Shell Canada for US$297.25 million (CAD $$325 million).
Shell is currently in talks to sell a 50 percent stake in its 335,000 acre Louisiana and East Texas shale field to the private-equity firm Blackstone Group for about $1 billion.