The Nigerian National Petroleum Company  (NNPC) Limited has restored 275,000 barrels of oil per day production after settling the industrial feud between TotalEnergies and oil workers’ union.

Leadership Newspaper reports that the deal was brokered yesterday after NNPCL intervention which settled the rift between the operator of the NNPC/TotalEnergies JV on the one hand and the Petroleum and Natural Gas Senior Staff Association (PENGASSAN) and the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) on the other.

Following the intervention, the Unions have agreed to suspend ongoing industrial action leading to immediate restoration of 275, 000 barrels of oil per day production.

The NNPC said the restoration of production follows a peace deal brokered between the management of TotalEnergies and the two unions.

According to the communiqué issued at the end of a marathon negotiation session chaired by Oritsemeyiwa Eyesan, executive vice president, Upstream, NNPC, all parties committed to resolving all the issues within an agreed framework.

The communiqué was signed by TotalEnergies Matthieu Bouyer, MD/CEO; Festus Osifo, PENGASSAN president, and Williams Akporegha, NUPENG president.