10,000 oil contract jobs’ threatened

Over 10,000 contract staff on the employment of international oil companies (IOCs) and local crude producers will not be confirmed in 2019, New Telegraph has learnt.

This came as the companies advanced plans to cancel many projects that they consider to be “uneconomic” with the current oil price slip rocking the global crude industry.

The contract staff members were working for the firms either through proxy or direct engagements.

An industry source told New Telegraph last weekend that the current price slip, which, he said, pushed Nigeria and other oil producers into earlier major economic crisis, has made the decision by the oil companies to be justifiable.

New Telegraph, January 1, 2019

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