The workers faced losing up to 30% in pay and allowances.
Unite and the RMT union have had five meetings with Wood Group since the unions decided to suspend their industrial action on 12 August for further negotiations.
A proposal from those negotiations will now be put to Unite members in a ballot.
Unite regional officer John Boland said: “Throughout this dispute, our members have remained united and strong in defence of their pay and conditions, and we have always made clear that we were open to meaningful negotiations.
“The proposal we are putting to members will still involve a large degree of sacrifice on their part. Wood Group has made concessions on key areas of competency and flexibility payments that will reduce the impact of the cuts they originally put forward.
“As ever, we will guided by our members, but Unite and the offshore shop stewards believe that this proposal is the best that can be achieved in the current circumstances.”
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