Ghanaian workers on the FPSO Kwame Nkrumah have called off their strike.
They boycotted work two days ago to protest poor service conditions for local workforce.
The workers did not understand why local employees with same qualification and same job description would be earning far lower salaries as compared to their expatriate counterparts.
One of the aggrieved workers, a food specialist, told Joy News he is paid about ¢2,000 when his counterpart food specialist- an expatriate is paid $5,500.
The workers are demanding equity in the salary administration.
There were fears the impasse between the workers would hamper the production of oil in the country. The Petroleum Commission had to intervene in the impasse.
General Secretary of the General Transport Petroleum and Chemical Workers Union of the TUC, Iddrisu Fuseini told Joy News they have secured the understanding of the workers to return to the negotiation table.
A memorandum of understanding has been signed to that effect last night.
Iddrisu Fuseni said the all the stakeholders are expected to meet on November 3, 2014 to draw a roadmap for the settlement of their grievances.
In the heat of the strike, there were threats the workers could lose their jobs but Iddrisu Fuseini said the aggrieved workers are to enjoy their privileges.
"We have agreed that the workers will remain employees of MODEC Ghana Ltd and will continue to enjoy the existing conditions of service," he pointed out.