The perennial crisis between the management of TotalEnergies, the operator of the NNPC/TotalEnergies joint venture, and members of the Petroleum and Natural Gas Senior Staff Association, (PENGASSAN) and the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has been resolved.
The crisis, which impacted the operations of the JV for several weeks, effectively stalled the production of an average of 275,000 barrels of crude oil per day from the TotalEnergies oil fields.
However, after the intervention by the management of the NNPC in the crisis, a peace deal was successfully brokered on Sunday, resulting in the two industry unions agreeing to suspend their ongoing industrial action with the management of the company.
In announcing the peace deal, the Chief Corporate Communications Officer of the NNPC, Olufemi Soneye, said one of its impacts was the immediate restoration of the 275,000 barrels of crude oil per day production from the TotalEnergies oil fields.
In a communiqué issued at the end of a marathon negotiation session chaired, the Executive Vice President, Upstream, NNPC Ltd., announced that all parties signed commitments to resolve all the issues within an agreed framework.
The communiqué signed by TotalEnergies MD/CEO, Matthieu Bouyer; PENGASSAN President, Festus Osifo, and NUPENG President, Williams Akporegha, was witnessed by NNPC Ltd.’s, EVP Upstream Oritsemeyiwa Eyesan, and Chief Upstream Investment Officer, NNPC Upstream Investment Management Services, Bala Wunti.
Also in attendance was the Deputy Managing Director, TotalEnergies, Victor Bandele.