The Nigerian National Petroleum Company Limited (NNPCL) has brokered a peace deal between the Management of TotalEnergies, operator of the NNPC/TotalEnergies Joint Ventures, the Petroleum and Natural Gas Senior Staff Association, (PENGASSAN) and the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG).

According to a statement by NNPCL spokesman, Olufemi Soneye, the unions 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 a marathon negotiation session chaired by Oritsemeyiwa Eyesan, Executive Vice President, Upstream, NNPC Limited, 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.