The North Sea's biggest oil producer expects to cut 350 jobs in Britain two months after it claimed its profits were all but wiped out Rishi Sunak's windfall tax.
The company, which pumped more than 200,000 barrels of oil and gas a day last year, is reviewing its UK operations after the government slapped the levy on North Sea producers.
Harbour Energy has said some opportunities in Britain will no longer be pursued and it will target growth abroad.
The North Sea oil producer said today it expects "a reduction of about 350 onshore positions," which would deliver annual savings of about $50m (£39.6bn) from 2024.
It faces a $15m (£11.9m) hit as a result of the job losses in this year's results.
The Government introduced a windfall tax on excess energy profits last year after oil and gas companies saw profits surge as Russia's invasion of Ukraine sent prices soaring.
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2023-05-10 07:46:13Z
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