Mohammed Shosanya
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN),has reacted to planned acquisition of $2.4billion of onshore assets of Shell Petroleum Development Company Limited (SPDC) by the Renaissance group.
The consortiums consist of ND Western Limited, Aradel Holdings Pic. The Petrolin Group, FIRST Exploration and Petroleum Development Company Limited and the Waltersmith Group.
President of PENGASSAN,Comrade Festus Osifo,and the General Secretary,Lumumba Okugbawa,in a statement,said the group
unknown to the oil workers and thus it’s an assemblage of unknown entities with no proven track record in managing such diverse assets.
“We reject without equivocation all the terms affecting employees that were communicated in the presentation to our members.
“One of the companies that made up the assemblage has a history of subjugating workers and subjecting them to untold hardship as exemplified in the current management of OML 34.
“Another company in the group has a penchant for preventing workers from unionising and thus stiffening their condition of services”,it said.
PENGASSAN also said,any attempt to transfer the assets without resolving issues affecting its members will be met with the stiffest resistance the industry has ever witnessed.
It advised the group to come clean with its intention(s) and be ready to have serious engagement with the association.
It added:”We have communicated to our Shell/SNBO Branches not to be distracted but to focus on the CBA negotiation that is due about a week from now.The industry regulator, JV Asset partners (NNPCL, Non-Operated Asset Partners) and other stakeholders are hereby put on notice”
