The Nigerian National Petroleum Company Ltd., NNPCL, has restored production of 275, 000 barrels of oil per day, following the settlement of lingering rift between oil operators and unions.
The NNPC Ltd. on Sunday brokered a peace deal between TotalEnergies management, NNPC/Total JV operator, Petroleum and Natural Gas Senior Staff Association, PENGASSAN, and the Nigeria Union of Petroleum and Natural Gas Workers, NUPENG.
In a communique issued at the end of a marathon negotiation session chaired by Oritsemeyiwa Eyesan, executive vice president, Upstream, NNPC Ltd., all parties committed to resolving all the issues within an agreed framework.
According to the communique, following the peace deal brokered by the NNPC Ltd., the oil operators and unions agreed to suspend ongoing industrial action leading to immediate restoration of 275,000bopd production.
The communique was signed by TotalEnergies Managing director/CEO, Matthieu Bouyer, PENGASSAN President, Festus Osifo and NUPENG president, Williams Akporeha.
It was witnessed by NNPC Ltd., EVP Upstream, Oritsemeyiwa Eyesan, and Bala Wunti, Upstream Investment Officer, NNPC Upstream Investment Management Services, NUIMS.
Also in attendance was Victor Bandele, deputy managing director, Total Energies.
NAN
