Norwegian Service Worker Strike Ends

The Norwegian oil service workers strike has been resolved. A new agreement between the Norwegian offshore union (NOPEF) and the Norwegian offshore industry association (OLF) has been reached. The strike had been ongoing since July 5, 2002 and 412 service workers were involved.

Leif Sande, union leader for NOPEF said the striking workers are satisfied with the solution and will be going back to work. The workers received an average 6.3% wage hike.

The settlement with NOPEF was more costly than expected, according to a spokesman for the offshore operators association, but the strike was losing thousands of barrels per day in production - Statoil estimated the loss was 20,000 barrels per day.