The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has issued a stern warning, stating that it may withdraw all its members from offices and field locations in response to the alleged sale of Eni Nigeria and Nigerian Agip Oil Company Limited to O and O Plc.

Eyong Survival, the Branch Chairman of Agip Group PENGASSAN in Port Harcourt, Rivers State, conveyed this message during a press conference in Port Harcourt.

The union is deeply concerned about Oando’s acquisition of 100% of the shares of the Nigerian Agip Oil Company Limited, as well as Eni Nigeria’s sale of its 20% equity share in NAOC JV to O and O, which was done without any prior consultation or notification to the union.

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Survival explained that the union had held a meeting with the company’s management when news of the sale of NAOC JV assets to O and O became public.

However, during that meeting, the managing director allegedly denied any plans for such a sale.

The union strongly opposes the sale of NAOC JV, fearing that it will result in numerous members losing their jobs in the already challenging economic climate of the country.

As a result, PENGASSAN has ordered the complete withdrawal of its members from all company offices and field locations until a satisfactory agreement is reached with Eni Nigeria and AGIP Group PENGASSAN.