Published: November 4th, 2009 09:48 PM
Last Modified: November 4th, 2009 09:48 PM
Chevron announced Wednesday it plans to cut an estimated 25 jobs in the Cook Inlet region because of decreased activity at the oil fields and tough economic times. Chevron employs about 370 people in Alaska, said company spokeswoman Roxanne Sinz. The employees being laid off are among approximately 200 working in the field in the Cook Inlet area, she said.
The company has been growing its operations in the past three years, but recent declines in production, high lifting costs and other financial challenges have forced the company to scale its operations back, Sinz said.
The interruption in production because of the eruption of Mount Redoubt earlier this year also played a role, she said. Offshore oil fields had been producing about 7,000 barrels per day, but in September that number was down to 5,371 and last month it was 5,758, she said.
The employees being laid off will be notified Nov. 16, she said.
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