The continuing industry downturn has led to an additional reduction of 13% in SPE staff. This reduction brings SPE’s headcount to about two-thirds of what it was in 2014 before oil prices began to decline.
“We regret the necessity of this staff reduction, which takes our headcount back to 2009 levels. We remain focused on delivering essential programs and services consistent with our mission, despite our staff reduction,” said CEO and Executive Vice President Mark Rubin. Some programs may be scaled back until conditions improve.
SPE serves its members from seven offices globally: Calgary, Dallas, Dubai, Houston, Kuala Lumpur, London, and Moscow. All seven offices will remain open to provide services to members in the region.