Angus MP Mike Weir has expressed concern at the news that BP are to cut jobs and the effect it may have on the local economy.
BP announced that they are seeking 200 redundancies from amongst their UK workforce and around 100 independent contractors.
Mr Weir said: “The loss of jobs is a major concern and my thoughts are with those who will be affected. The company has indicated it is looking for voluntary redundancies and seeking to minimise any compulsory redundancies.
“The redundancies will be spread throughout the UK, although inevitably the majority will be amongst support staff in the Aberdeen area. Any reduction in employment in the industry will inevitably impact upon our local economy since so many people in Angus work within the industry.
“I have spoken directly to the company who have confirmed there will be redundancies amongst those working offshore. They have also confirmed they see a good future for the North Sea and, indeed, point out that the Kinnoul field is just coming on stream, and the Clare field will continue production into the 2050s.
“These job losses are not a direct result of the current low oil price, but action needs to be taken to ensure that the industry is assisted through these difficult times. The Scottish Government is doing everything that it can, within its current powers, to help the industry but the UK government must take action on investment allowances and taxation.
“Scotland’s Oil and Gas reserves have contributed a huge amount to the UK, yet governments have failed to follow the lead of most other oil producing nations in setting up an oil fund to guard against price fluctuations. That failure is now coming back to haunt us.”