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Norway's oil and gas production could drop by 12,000 boepd due to lockout, strike next week

The ongoing strike of oil service workers, and the lockout announced on Friday could cause Norway's oil and?gas?production to fall by about 12,000 barrels (of oil equivalent) per day next week.

The industry group that represents employers said that four mobile rigs, 5 fixed installations, and?one intervening vessel had already stopped drilling and well operations due to the strike.

A lockout that occurred on Saturday morning would force around 1,000 Safe 'union members who are covered by the 'well service agreement' to stop work.

Safe had announced earlier on Friday that it would withdraw 63 more workers from the 500 employees employers wanted to retain 'due to safety-critical roles.

Offshore Norway said that if the strike continued, the impact could be significant, with production losses reaching?120,000 Boepd by mid-July.

It added that the strike would also impact Norway's ability to deliver new wells in 2026 and maintain production plans. Reporting by Nerijus Adomiaitis and editing by Louise Rasmussen

(source: Reuters)