Exxon Mobil Corp. resumed operations at its facilities in Nigeria after resolving a labour dispute over pay and conditions with its in-house union, a company spokesperson said on April 27.
The industrial action had forced Exxon to declare force majeure on oil liftings at its terminals in the country.
A spokesperson for Exxon said in email responses that its three ventures, Mobil Producing Nigeria Unlimited, Esso Exploration and Production Nigeria Ltd., and Esso Exploration and Production (Offshore East) Ltd. were now operating at normal levels.
"This follows the discontinuation of the industrial action earlier embarked upon by our in-house workers union," the spokesperson said.
Earlier, Nigeria's state-owned oil firm NNPC Ltd. said in a statement it had helped end the labour dispute at Exxon after a pay adjustment acceptable to the union and Exxon was agreed.
NNPC, which runs joint ventures with oil majors, including Exxon, said the dispute was "effectively constraining 300,000 barrels of oil production daily".
Nigeria is targeting 1.8 million barrels per day (MMbbl/d) by year-end from 1.6 MMbbl/d.
Recommended Reading
CorEnergy Infrastructure to Reorganize in Pre-packaged Bankruptcy
2024-02-26 - CorEnergy, coming off a January sale of its MoGas and Omega pipeline and gathering systems, filed for bankruptcy protect after reaching an agreement with most of its debtors.
BP Restructures, Reduces Executive Team to 10
2024-04-18 - BP said the organizational changes will reduce duplication and reporting line complexity.
APA Shuffles Leadership Following Callon Acquisition
2024-04-09 - APA CEO John J. Christmann said the changes will structure leadership to better align with the company’s “evolving” business needs.
M4E Lithium Closes Funding for Brazilian Lithium Exploration
2024-03-15 - M4E’s financing package includes an equity investment, a royalty purchase and an option for a strategic offtake agreement.
Jerry Jones Invests Another $100MM in Comstock Resources
2024-03-20 - Dallas Cowboys owner and Comstock Resources majority shareholder Jerry Jones is investing another $100 million in the company.