Production of 275,000bpd Resumed by NNPC

On Sunday, the NNPCL, the national oil company of Nigeria, mediated a truce between the TotalEnergies management, the operator of the NNPC/TotalEnergies JV, and the two major oil workers’ unions, PENGASSAN and NUPENG.

The meeting resulted in the unions calling off their industrial action and restoring 275, 000 barrels of oil per day production, according to a statement by NNPCL’s spokesperson, Olufemi Soneye.

All parties agreed to settle all the issues within a mutually acceptable framework, as stated in a communiqué issued after a long negotiation session presided over by Oritsemeyiwa Eyesan, the Executive Vice President, Upstream, of NNPCL.

The communiqué was endorsed by Matthieu Bouyer, the MD/CEO of TotalEnergies; Comrade Festus Osifo, the President of PENGASSAN; and Comrade Williams Akporegha, the President of NUPENG. It was witnessed by Oritsemeyiwa Eyesan and Bala Wunti, the Chief Upstream Investment Officer of NNPC Upstream Investment Management Services. Victor Bandele, the Deputy Managing Director of TotalEnergies, was also present at the meeting.