Saturday, January 31, 2026
32.1 C
Lagos

NNPC Restores Production of 275,000bpd, Settles PENGASSAN-Total Energies Rift

Following a peace deal brokered by the Nigerian National Petroleum Company Limited (NNPCL) between the Management of Total Energies, operator of the NNPC/Total JV, the Petroleum and Natural Gas Senior Staff Association, (PENGASSAN) and the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), the unions have agreed to suspend on-going industrial action leading to immediate restoration of 275, 000 barrels of oil per day production.

In a communique issued at the end of a marathon negotiation session chaired by Mrs. Oritsemeyiwa Eyesan, Executive Vice President, Upstream, NNPCL, all parties committed to resolving all the issues within an agreed framework.

The communique was signed by Total Energies MD/CEO, Mr. Matthieu Bouyer, PENGASSAN President, Comrade Festus Osifo and NUPENG   President, Comrade Williams Akporeha.

It was witnessed by NNPC Limited, EVP Upstream, Mrs. Oritsemeyiwa Eyesan, and Mr. Bala Wunti, Chief Upstream Investment Officer, NNPC Upstream Investment Management Services, (NUIMS).

Also in attendance was Mr. Victor Bandele, Deputy Managing Director, Total Energies.

 

 

 

spot_img
spot_img
spot_img

Hot this week

UAC Records Revenue Surge, Profit Impacted by One-Off Acquisition-Related Costs

UAC of Nigeria Plc has announced its unaudited financial...

Moniepoint Celebrates 10 Years of Impact, Microfinance Bank Reports N412tn Transactions in 2025

Moniepoint Inc., Nigeria's definitive platform for small businesses and...

PenCom, PFAs to Unveil PENCAP – Data Recapture Self-Service Platform Feb 1

The National Pension Commission (PenCom), in collaboration with Pension...

Topics

2023 World Environment Day: Polaris Bank Restates Commitment to Environmental Sustainability in Nigeria

Polaris Bank, Nigeria's leading digital financial institution, has restated...

Staco Insurance Denies Allegations of Market Infractions

Staco Insurance Plc has firmly denied allegations of market...

Nigeria Expects 600 Delegates at 47th AIO Confab from Sept 4

Mrs. Ebelechukwu Nwachukwu Chairperson Local Organising Committee (LOC) 47th AIO Conference &...

Africa–Brazil Relationship: Standard Bank Facilitates Investment Opportunities 

Over the past decade, Sub-Saharan Africa’s 4.1% average growth...

March Headline Inflation Surges to 12.8%, 44-Month High

The National Bureau of Statistics (NBS) released the Consumer...

CIIN Empowers Over 50 Young Insurance Professionals at Boot Camp 3.0

L-R: Guest Speakers; Mr. Boniface Amadi, Head, Business Systems Automation, Continental Reinsurance...

Allianz Warns Facilities Shut Down During COVID-19 Pose New Risks

  Many companies are having to shutdown their premises temporarily...
spot_img

Related Articles

Popular Categories

spot_imgspot_img