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Norway rig workers reach wage deal

28 May 2014
Workers in Norway have reached a wage deal with employers and have prevented an impending strike.

The workers who operate drilling rigs off Norway were represented by the Safe and Industri Energi unions and reached a deal with the Norwegian Shipowner’s Association.

The deal follows the breakdown of similar negotiations with other oil sector workers in recent weeks, including platform workers, operators of onshore supply bases and oil services employees. These are bound for state mediation in the coming weeks.

In 2012, 10% of Norway’s offshore workers went on strike, causing unrest within the industry and having a direct impact on the price of oil at the time.

Oil output was cut by 13% during the 16 day strike and gas production by 4%. The strike pushed oil prices above $100 per barrel.