UPDATE 1-Norway oil workers agree to wage deal, averting strike

(Adds background in paragraphs 3-5)

OSLO, May 8 (Reuters) – Wage talks between Norwegian oil firms and three labour unions ended in a deal on Wednesday, industry and union officials said, averting the risk of strike action later this year that could have hit supply.

Unions Lederne, Safe and IE&FLT came to an agreement with companies, industry group Offshore Norway said.

Norway produces around 4 million barrels of oil equivalent per day, almost equally divided between oil and natural gas.

The Nordic country became Europe’s largest gas supplier after Russia cut its deliveries amid the war in Ukraine.

The wage agreements cover 7,300 workers at more than a dozen oil companies and suppliers, including Equinor, ConocoPhillips, Aker BP and Vaar Energi . (Reporting by Nerijus Adomaitis, editing by Terje Solsvik)

(c) Copyright Thomson Reuters 2024. Click For Restrictions – https://agency.reuters.com/en/copyright.html