Dozens of jobs are at risk at the Sullom Voe oil terminal in Shetland.
EnQuest has begun a consultation process with staff over voluntary redundancies in a bid to cut 30 jobs at the site.
The company says the decision is designed to secure a “long-term and sustainable future for the terminal”.
The firm took over the terminal from BP in December 2017.
Paula Buchan, Unite industrial officer, said: “Unite is deeply concerned by the proposal of EnQuest to slash its workforce by around a quarter.
“We understand this could mean around 40 posts being lost with EnQuest proposing that these cuts be delivered through a voluntary redundancy process.
“Unite will continue to fight for all jobs at Sullom Voe and we will vociferously resist any proposal to make these cuts through compulsory means.”
An EnQuest spokesperson: “EnQuest confirms that it has begun a consultation process at the Sullom Voe Terminal (SVT), with the aim of achieving the required workforce reduction through a voluntary process.
“This process is aligned with the ongoing transformation of SVT, which has been designed to secure a long-term and sustainable future for the terminal, enabling continued operations until at least 2036.”
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