The Nigerian National Petroleum Company Limited (NNPC Ltd.) has restored the production of 275, 000 barrels of oil per day by TotalEnergies.
Olufemi Soneye, Chief Corporate Communications Officer, NNPC Ltd, said in a statement that the restoration of the production followed a peace deal brokered on Sunday by 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, according to the statement, agreed to suspend the industrial action to give room for a resolution of all the issues.
In a communiqué issued at the end of a the negotiation session chaired by Oritsemeyiwa Eyesan, Executive Vice President, Upstream, NNPC Ltd., all parties committed to resolving all the issues within an agreed framework.
The communiqué was signed by TotalEnergies MD/CEO Matthieu Bouyer, PENGASSAN President, Comrade Festus Osifo, and NUPENG President, Comrade Williams Akporegha and 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 Victor Bandele, Deputy Managing Director, TotalEnergies.