Oil and gas production in Norway will be reduced due to the strike of offshore workers

Norwegian offshore workers went on strike Tuesday as the country’s oil and gas production shut down, the union leading the strike said.

The strike, in which workers are demanding higher wages to offset rising inflation, is taking place amid high oil and gas prices, and gas supplies to Europe are especially limited after Russian exports are cut.

Audun Ingvartsen, leader of the Lederne union, confirmed to Reuters that the strike had begun.

The union and lobbies representing the oil companies said on Monday evening that the negotiators had made no progress and that the strike was due to start at midnight local time (00:00 CET).

The strike will have a “significant impact on gas exports,” according to the Norwegian Petroleum Association. it says on his website. “About 13 percent of Norway’s daily gas exports will be lost.”

Equinor, the platform operator, has initiated the closure of three fields in the North Sea as a result of a strike, the company said on Tuesday.

The stop on Tuesday at three courses – Gudrun, Oseberg South and Oseberg East – should be extended to three other courses – Kristin, Heidrun and Aasta Hansteen – from Wednesday midnight.

A seventh mine, Tyrihans, will have to close because its production is handled by Kristin.

Ledern said on Monday that he will further intensify the strikes from July 9, causing workers to strike on three more platforms.

On Tuesday, oil and gas production will decline by 89,000 boe per day, of which gas production will be 27,500 boe per day, Equinor confirmed on Tuesday.

As the strike intensifies from Wednesday, oil production will fall by 130,000 barrels a day, Equinor said, confirming an earlier estimate.

Reuters estimates that shares this week represent about 6.5% of Norway’s production.

This means that about a quarter of Norway’s gas production could be stopped by Saturday, as well as about 15% of oil production.

The Norwegian government said it was following the conflict “closely”. He can intervene to stop the strike if there are exceptional circumstances.