“Truce strengthens Industry Harmony as parties reach an amicable resolution.”
The Sterling Oil Exploration & Energy Production Company Limited (SEEPCO) and Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) have reached a resolution on all outstanding matters, following collaborative engagements facilitated by the Federal Government on 4th of June 2025.
The parties have earlier bickered over some trade issues.
A source at the PENGASSAN told Platforms Africa that there were multiple rounds of meetings between parties since the beginning of the year under the supervision of government authorities, leading to this milestone agreement.
The agreement, he continued, reflected the shared commitment to promote industrial harmony, supporting national production goals, and enhancing the overall wellbeing of personnel within the oil and gas sector.
“The agreement clearly indicates direction to both parties under adherence to federal laws and industry regulations.
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“The agreement also underscores Sterling Oil’s dedication to upholding regulatory compliance, fostering capacity development for Nigerian professionals, and sustaining open dialogue with stakeholders,” he added.
In the spirit of mutual respect and long-term collaboration, both parties have reaffirmed their commitment to internal resolution of matters and proactive engagement in addressing future issues.
Meanwhile, Sterling Oil has expressed appreciation to PENGASSAN leadership, the Ministry of Petroleum Resources, the Ministry of Labour and Employment, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), and NNPC Limited for their vital roles in facilitating a fair and forward-looking agreement.
“This resolution marks a positive step toward strengthening trust and cooperation across the industry, and Sterling Oil remains focused on contributing to Nigeria’s energy development through sustainable and inclusive practices along with mutual collaboration from respective unions,” the company said.
Platforms Africa
