Aker BP announces major restructuring and workforce reduction
Aker BP CEO Karl Johnny Hersvik told staff the company will undergo a significant reorganization that includes layoffs and increased automation.
During a company-wide gathering, Aker BP chief executive Karl Johnny Hersvik announced a substantial reorganization that will result in workforce reductions and greater reliance on automation. The shift moves the company’s focus from completing large-scale projects to pursuing smaller subsea developments. While no specific headcount has been provided, Hersvik emphasized that the cuts will be noticeable.
A leadership overhaul is planned for the beginning of the next calendar year, with Hersvik staying at the helm. The incoming team will split responsibilities between value-chain oversight and strategy/support functions, aiming to accelerate project delivery and cut costs. Hersvik also highlighted a need for a productivity revolution on the Norwegian shelf, citing fast-track projects such as the Kjøttkake initiative.
Why it matters
The restructuring will affect Aker BP's workforce and could reshape Norway's offshore oil sector.
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