NNPCL Restores Production of 275,000 bpd

Following a peace deal brokered yesterday on by the Nigerian National Petroleum Company Limited (NNPCL) between the Management of TotalEnergies, operator of the NNPC / TotalEnergies 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 ongoing industrial action leading to immediate restoration of 275, 000 barrels of oil per day production.

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

The NNPCL Chief Corporate Communications Officer, Olufemi Soneye, in a statement, said the communiqué was signed by TotalEnergies MD/CEO MatthieuBouyer, PENGASSAN President, Comrade Festus Osifo, and NUPENG President, Comrade Williams Akporegha.

It was witnessed by NNPC Ltd.’s, EVP Upstream Oritsemeyiwa Eyesanand Chief Upstream Investment Officer, NNPC Upstream Investment Management Services, Bala Wunti. Also in attendance was Victor Bandele, Deputy Managing Director, TotalEnergies.