When escalating on Saturday, 56 percent of gas exports from Norway could rise
The announced escalation of the oil strike on Saturday could result in lost oil production of 341,000 fats a day and a lost gas export of 1,117,000 oil equivalents a day.
Lost revenue will be NOK 1.826 billion daily, according to Norwegian Oil and Gas.
Hildegunn Blindheim, CEO of Norwegian Oil and Gas, says that the escalation could have very major consequences for Europe.
– Norway covers a quarter of Europe’s energy consumption and Europe is completely dependent on us as a nation to deliver at a time when Russia’s supply cuts have led to a very tight mark for natural gas. A strike of this magnitude creates enormous problems for countries that are completely dependent on having their stocks of natural gas filled up before the autumn and winter, she says.
On Tuesday, 74 members of the workers’ organization Lederne went on strike, which has led to the oil fields Gudrun, Oseberg Sør and Oseberg Øst being shut down.
An escalation of the strike with another 117 members was announced on Wednesday. A further escalation on Saturday will result in a total of 382 members going on strike.
It is if this escalation occurs that Norwegian Oil and Gas believes the loss of revenue will be NOK 1.8 billion. Then the oil fields Gullfaks A, Gullfaks C and Sleipner will be taken out.
(© NTB)