Sterling Oil, PENGASSAN reach accord as FG intervenes to strengthening industrial harmony

By KEMI KASUMU

The Sterling Oil Exploration & Energy Production Company Limited (SEEPCO) and Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) may have reached an agreement to bring lasting solution to industrial issues between the two parties.

This was as we gathered that the Federal Government in Abuja finally intervened to put an end to the ongoing dispute in a bid to strengthen industrial harmony and long-term growth.

According to a source in Abuja, SEEPCO and PENGASSAN reached a constructive and amicable resolution on all outstanding matters, following collaborative engagements facilitated by the Federal Government on 4th of June 2025.

The ministry’s source submitted that “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, support national production goals, and enhance the overall wellbeing of personnel within the oil and gas sector.

“The agreement also clearly indicates direction to both parties under adherence to federal laws and industry regulations.

“The agreement also underscores Sterling Oil’s dedication to upholding regulatory compliance, fostering capacity development for Nigerian professionals, and sustaining open dialogue with stakeholders.

“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.”

The DEFENDER reports that the Sterling Oil has expressed appreciation to the PENGASSAN leadership, the Ministry of Petroleum Resources, the Ministry of Labour and Employment, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), and the Nigerian National Petroleum Corporation Limited (NNPCL) for their vital roles in facilitating a fair and forward-looking agreement among the parties.

This resolution marks a positive step toward strengthening trust and cooperation across the industry, and Sterling Oil has been found to remain focused on contributing to Nigeria’s energy development through sustainable and inclusive practices along with mutual collaboration from respective unions