Its bad news I worked in there myself a few years back as a contractor and they went through a tuff period then when they talked about closing it. It will be bad news for the area in general as it will no doubt kill off all the local suppliers etc.
Its worth trying offshore but things have slowed right down in the north sea aswell, I have a few mates working both offshore and onshore in aberdeen and they are all saying there has been cutbacks on recruitment.
I hope you get sorted out with something else soon.