Lybster's Oil Boom Ends With Low Oil Prices
6th April 2015
Global oilfield service company Forum Energy Technologies said it has made 12 employees redundant following the closure of its workshop in Lybster, Caithness. The Houston-based firm said it that have been forced to lay off staff due to low crude prices and rising costs.
Forum said that the company's operations at Lybster, which focused on the manufacture of oil well drilling equipment, will be shifted to one of its other facilities.
"Just as other firms in the industry have recently announced, Forum is making the difficult decision to reduce headcount to align with the lower activity levels. Twelve employees at the fabrication shop in Lybster, Caithness, are affected as they are consolidating that facility's production to other locations.
Employees are to be given the opportunity to apply for any vacant positions within the company."
Photos in the Gallery are from 2008 when thing started moving for oil close to the Caithness coast with drilling and subsequently oil coming ashore on land rather than by oil rig.