Reuters reported four-day oil employees' strike in Norway which will escalate on Monday must final a month to affect Aker BP's manufacturing from the Valhall area within the North Sea, the Norwegian vitality firm stated. Hundreds of employees on Norwegian offshore oil and fuel rigs went on strike on Tuesday after rejecting a proposed wage deal, closing Shell's Knarr area, which produces 23,900 barrels of oil equal per day.

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Four days in and the conflicting events had been nonetheless not speaking to one another, a union official and a mediator instructed Reuters on Friday.

Mr Karl Johnny Hersvik, Aker BP Chief Executive, stated that exercise on the Valhall IP water injection and Valhall DP drilling platforms would cease if the strike escalated. He stated in the course of the agency's second-quarter outcomes presentation “If the strike is extended it can have later within the yr affect on when wells are again in manufacturing, if that’s going to occur it means the strike needs to be fairly lengthy.”

Aker BP later instructed Reuters a strike of a month to 6 weeks may affect output on the area by “a number of hundreds barrels per day”.

Investor relations contact Kjetil Bakken stated that “Some of the wells which might be drilled are deliberate to be put in manufacturing on the finish of this yr. If the strike lasts, the output will transfer to subsequent yr, which might have an effect on this yr's manufacturing outlook.”

Mr Hersvik stated that within the brief time period, Aker BP plans to make use of any misplaced drilling time to carry out upkeep and actions to boost the move of oil and fuel.

steelguru.comSource: www.worldoil.com

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