Uchenna Izundu
International Editor
LONDON, June 6 -- Oil workers on the Norwegian continental shelf have pulled their strike threat after reaching an agreement with trade unions over pay.
Offshore wages will be increased by 6.1%, effective from Apr. 1, said the Norwegian Oil Industry Association (OLF) after it arrived at a compromise with trade unions Industry Energy, the Federation of Oil Workers' Trade Unions, and the Norwegian Organization for Managers and Supervisors (Lederne).
A 5% wage increase, to start from June 1, was agreed to under the oil service agreement.
Lederne had threatened to stop producing 155,000 b/d starting from midnight on June 6.
OLF described the negotiations as tough because the unions had high demands and priorities that differed from those in discussions held earlier in the year.
Staff in operating companies, drilling, and catering are covered by the agreements, which are valid until the next tariff revision occurs in 2010.
Contact Uchenna Izundu at [email protected].