What will happen with the employees that currently work on the platforms that are for sale on the shelf. If the platforms are sold do they have to go with the property, can they choose to get severance, will they be in a ROM? What happens if you are a vested employee of Chevron? What are the chances of the sale moving forward?
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You better brush up on your knowledge of Hilcorp because they will be the buyer. If you make it on there though, you will have to get used to ultra competitive pay, new cars or $100k bonus for meeting production metrics, etc. etc. I don't know if you can handle all that. You might even be able to get off food stamps.
When we purchase an asset, we look at the personnel files of current employees. If they are more than 1/2 inch thick, they go on the burn pile. If the person has tons of free time as evidenced by their time spend blogging, burn pile. Good, experienced employees with a strong work ethic are gold. The last one was born in 1988.
GOMBU has already announced that offshore personnel working the SPO assets will be laidoff when the shelf assets are divested. This was clearly stated months ago. The purchaser of those assets may retain some Chevron personnel and may pickup an engineer or two.
That is true, what Anon138551 is saying. Make sure these questions are asked and properly answered in writing. But nothing ever comes with 100% guarantees. If you are a Chevron employee working on a platform in the GOM and Chevron sells the entire field asset to XYZ Oil Company, you will become an employee of XYZ. In the past, and maybe it's still the case, the employee goes to the buyer and its agreed in the purchase agreement the buyer must keep the employees for at least 1 YEAR. If you are layed off by XYZ after the year is up, then for sure, it's you that may be screwed. Especially so, if you had many years as a Chevron employee, and under the typical Chevron Severance Plan, you would be better off taking the severance rather than working for the buyer for only 1 year. Good luck.
Usually the new owner takes a few people and the rest are the sellers problem to deal with. This is what I have seen in the past
If they are sold with the property they need to make sure there are contractual guarantees to get severance in case the new owner decides to cut them within a certain period of time. It's happened where the new owner takes you on for a week then bye bye and Chevron is long gone and you have just lost all your benefits.