Peter Bassey
ABUJA
There are strong indications of a return of smooth and harmonious working relationship between Sterling Oil and PENGASSAN as the federal government’s intervention efforts yield positive results.
The Weekend Pioneer learnt that federal government has finally put to rest the lingering industrial crisis between the two bodies in order to promote and strengthen industrial harmony and long-term growth in the oil and gas sector of the economy.
Our industry source in Abuja disclosed that “Sterling Oil Exploration & Energy Production Company Limited (SEEPCO) and PENGASSAN (Petroleum and Natural Gas Senior Staff Association of Nigeria) have reached to a constructive and amicable resolution on all outstanding matters as a result of the collaborative engagements facilitated by the Federal Government on June 4, 2025”.
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, our source who pleaded to remain anonymous said.
According to our source, there has been series of engagements on the crisis from the beginning of the year under the supervision of the of the Ministry of Petroleum Resources to ensure the return of industrial harmony in the sector to boost national growth and the well-being of personnel in the industry.
His words: “there were multiple rounds of meetings going on since the beginning of the year under the supervision of government authorities, leading to this milestone agreement which reflects the shared commitment to promote industrial harmony, supporting national production goals, and enhancing the overall wellbeing of personnel within the oil and gas sector”.
He said that the agreement clearly captures the obligations and the need of both parties to be adherent to federal laws and industry regulations, while attending to their official and corporate responsibilities.
Besides Sterling Oil’s dedication to upholding regulatory compliance, the agreement also emphasised the need for the oil giants to foster capacity development of Nigerian professionals, and sustain open dialogue with stakeholders, our source further stated.
The agreement marked a positive step towards the strengthening of trust and cooperation across the industry, and Sterling Oil determination to contribute to Nigeria’s energy development through sustainable and inclusive practices.
However, Sterling Oil expressed gratitude to the Ministry of Petroleum Resources, Ministry of Labour Employment, PENGASSAN leadership, Nigerian Upstream Petroleum Regulatory Commission (NUPRC), and NNPC Limited for their vital roles in facilitation of a fair and forward-looking agreement.
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