PA Resources announces organisational and management changes
As a result of the board’s decision announced on the 17 November 2015 to sell all of PA Resources’ assets, it has decided to reduce the company’s corporate organisation in order to reduce cost. The company’s cost reduction efforts will entail several organisational and management changes. The company’s London office, which is tasked with the management of the North Sea assets and group exploration activities, will close at the end of 2015, and all the staff relating to these activities will leave the company. The corporate headquarters in Stockholm will remain but with reduced manpower