Finance
Norway's oil drilling unions seek wage mediation to avert strike
Published by Global Banking & Finance Review®
Posted on May 21, 2025
2 min readLast updated: January 23, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on May 21, 2025
2 min readLast updated: January 23, 2026
Norway's oil drilling unions seek mediation to prevent a strike affecting 7,500 workers, potentially disrupting exploration projects.
OSLO (Reuters) -Wage talks involving some 7,500 oil drilling workers in Norway broke down on Wednesday, employers and three labour unions said, raising the risk of strike action later this year that could disrupt exploration.
The talks between the Norwegian Shipowners' Association (NSA) and the Safe, Styrke and DSO labour unions will resume at a later unknown date with a state-appointed mediator.
"Unfortunately it was not possible to reach an agreement," NSA lead negotiator Geir Sjoeberg said in a statement.
Under Norway's tightly regulated collective bargaining system, workers are only eligible to go on strike if the mediation also fails. Details of the demands and any wage offers have not been disclosed and are normally confidential.
A broad-based group of onshore industry workers reached a wage deal with employers in March for a 4.4% pay rise this year, although demands in other sectors could deviate.
Strikes by drilling workers could delay expansion projects and the start-up of new fields in Norway, which is a major global exporter of oil and gas, but typically have only a minor impact on daily output.
Annual wages on offshore drilling rigs in Norway range from 743,000 to 942,000 Norwegian crowns ($73,328-$92,968) plus overtime and other benefits, according to the labour unions.
Companies affected by the talks include Transocean, Saipem, Odfjell Drilling, Archer, Seadrill and others, and were represented in the talks by the NSA.
A separate group of Norwegian petroleum production workers, who are directly employed by companies such as Equinor and Aker BP, reached a wage agreement earlier this month.
($1 = 10.1325 Norwegian crowns)
(Reporting by Terje Solsvik, Editing by Louise Heavens and Elaine Hardcastle)
Wage talks involving about 7,500 oil drilling workers in Norway broke down due to the inability to reach an agreement between the employers and the labour unions.
The state-appointed mediator will facilitate the resumption of wage talks at a later date, as workers can only strike if mediation fails.
Strikes by drilling workers could delay expansion projects and the start-up of new fields in Norway, although they typically have a minor impact on daily operations.
Annual wages for offshore drilling rigs in Norway range from 743,000 to 942,000 Norwegian crowns, which is approximately $73,328 to $92,968, plus overtime and other benefits.
Companies involved in the wage talks include Transocean, Saipem, Odfjell Drilling, Archer, and Seadrill, represented by the Norwegian Shipowners' Association.
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