Norway oil, gas output risks small reduction in case of labour strike, industry says
Potential Impact of Labour Strike on Norway's Oil and Gas Production
Initial Output Reduction Estimates
OSLO, June 3 (Reuters) - Norway's oil and gas output could initially fall by about 45,500 barrels of oil equivalent per day from Friday onwards if workers choose to go on strike, industry group Offshore Norway told Reuters on Wednesday.
Labour Unions and Strike Plans
Unions Involved
Nearly 8% of Norwegian offshore oil and gas workers plan to strike from June 5 if state-brokered wage mediation fails in the coming days, three labour unions said on Monday.
Production Figures and Market Impact
Norway produces more than 4 million barrels of oil equivalent per day, almost equally divided between crude and natural gas, and any reduction could impact markets at a time when Middle East output is curtailed by the Iran war.
Strike Participation and Escalation
Union Membership and Initial Strike Wave
The three unions, Safe, Styrke and Lederne, have around 8,100 members involved in oil production. Of those, just over 600 would take part in an initial wave of strikes if talks break down, with the option to escalate action over time.
Reporting Credits
(Reporting by Nerijus Adomaitis, editing by Terje Solsvik)
