Brazil’s Petrobras said Monday that a three-week long strike has cost it over 2 million barrels in oil production.
Petrobras told the news wire that a majority of its oil worker unions have accepted a potentially strike-ending offer but the company has yet to disclose a firm end date for the industrial action.
The company has offered workers a 9.54 percent salary adjustment, far less than the 18 percent salary bump unions were initially seeking.
While Brazil’s largest oil worker union, known as FUP, has encouraged others to accept the deal some smaller unions are still holding out.
Sindipetro Norte Fluminense (SNF), a local oil worker union, told members to leave all Petrobras vessels in the prolific Campos Basin play last week after rejecting the wage hike offer.
SNF is demanding that the company pay workers for all of the strike days and broaden the scope of a union-management committee that will review contentious budget cut and asset sale plans.
Petrobras has so far offered to pay workers for half of the days spent on strike but said last week it will host talks with unions on the matter.
Along with the pay hike, the unions are also demanding that Petrobras scrap plans to sell up to $15.1 billion in assets, retain local content rules and ensure it is the sole operator in Brazil’s offshore sub-salt play.
Petrobras said last Tuesday it has managed to hold the strike’s impact on production to about 100,000 barrels per day thanks to a contingency plan.
The company expects production to hold at 2.125 million barrels per day this year, the Wall Street Journal said.
Petrobras, already the most indebted oil company in the world, is dealing with fresh accusations of graft tied to its 2006 purchase of a Texas refinery.
According to Thomson Reuters, Brazilian prosecutor Carlos Fernando dos Santos Lima said authorities have evidence that bribes were paid related to the purchase, but he did not disclose details about the evidence.
Last September, jailed former Petrobras executive Paulo Roberto Costa admitted to taking a $636,000 bribe in connection with Petrobras’ purchase of the Texas refinery.