Seplat Energy Workers Suspend Strike Amid Negotiations

Workers at Seplat Energy have halted their strike action, which was initiated due to stalled wage negotiations. The suspension follows a letter from Roger Brown, Seplat's Chief Executive, to the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), indicating a resumption of negotiations.

The union, which represents direct members at Seplat, had previously engaged in industrial action, raising concerns about Nigeria's oil output during a critical period of rising global oil prices. The Nigerian National Petroleum Company Limited (NNPC) is involved in ongoing discussions regarding a collective bargaining agreement, which is expected to conclude outstanding issues by April 13.

Seplat aims to achieve an output target of 155,000 barrels of oil equivalent per day, up from an average of 131,506 boepd last year, and remains a major supplier of gas to Nigeria's domestic power market. The union's letter to its members confirmed the suspension of the strike, emphasizing the importance of constructive engagement with management.