Workers of Seplat Energy have suspended their industrial action over pay and welfare concerns following renewed negotiations between the company and its workers’ union, the Petroleum and Natural Gas Senior Staff Association of Nigeria.

The suspension comes after workers at Seplat’s onshore and offshore facilities had on Friday embarked on strike over unresolved salary and welfare demands, raising concerns about possible disruptions to Nigeria’s oil and gas production at a time of global supply uncertainty.

The union said the decision to suspend the strike was taken after receiving written commitments from management and the resumption of talks involving the Nigerian National Petroleum Company Limited.

In a letter dated April 4 addressed to Seplat Chief Executive Officer, Roger Brown, the union directed members to halt the industrial action immediately to allow negotiations on outstanding issues to continue under an agreed framework.

The Petroleum and Natural Gas Senior Staff Association of Nigeria, known as PENGASSAN, said discussions on the 2026 collective bargaining agreement would proceed with a target of resolving remaining disputes by April 13.

Seplat confirmed the development through its spokesperson, stating that operations were gradually resuming across its facilities.

“We can confirm that the union has suspended its notice of industrial action to allow negotiations to conclude on outstanding items within an agreed framework,” said company spokesperson Ogechukwu Udeagha.

He added that production activities were recommencing at various locations.

The strike had initially sparked concerns within Nigeria’s energy sector, particularly as the country continues efforts to boost crude oil output and stabilise revenue amid fluctuating global oil prices influenced by geopolitical tensions in the Middle East.

Nigerian National Petroleum Company Limited was also involved in mediation efforts during the negotiations that led to the suspension of the strike.

Seplat, which is targeting production of up to 155,000 barrels of oil equivalent per day this year, has been expanding output as part of its growth strategy. The company previously recorded an average production of about 131,506 barrels of oil equivalent per day in 2025, accounting for a significant share of Nigeria’s total liquids output.

The company also reported strong financial performance in 2025, with revenue rising sharply due to increased production and its first full year of offshore operations.

However, profit growth was affected by rising costs, including tax obligations.

Despite the industrial action, operations were not significantly prolonged, and the suspension is expected to ease immediate concerns over supply disruptions while negotiations on worker welfare continue.