N. Sea oil worker strike set to disrupt Ninian crude stream Nov.5-Dec.4

© Reuters.

LONDON (Reuters) -About 100 workers on platforms linked to the North Sea Ninian field, which feeds into the global benchmark, are set for a strike between Nov. 5 and Dec. 4 over a wage dispute, the Unite union said on Thursday.

“If we have to take strike action, then I would expect this to have a major impact on production from the Ninian field,” Unite representative John Boland told Reuters in an email.

The workers set to strike are employed on the Ninian Central, Ninian South and Tiffany platforms, the union said.

The Ninian crude stream feeds into the blend of Brent, Forties, Oseberg, Ekofisk and Troll (BFOET) North Sea crudes that underpins the Brent benchmark.

The BFOET grades are due to load 820,000 bpd in November. The Brent stream is due to load three cargoes in November, which translates into around 60,000 barrels per day (bpd). [O/LOAD]

The Ninian and Tiffany fields produce around 13,000 bpd, according to data from the Oil and Gas Authority.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.


Leave a Reply

This website uses cookies. By continuing to use this site, you accept our use of cookies.