The Petroleum and Natural Gas Senior Staff Association of Nigeria has threatened to withdraw all its members from offices and field locations over the alleged sale of Eni Nigeria and Nigerian Agip Oil Company Limited to O and O Plc.

The Branch Chairman, Agip Group PENGASSAN in Port Harcourt, Rivers State, Eyong Survival, issued the notice while speaking in Port Harcourt on Tuesday.

He frowned at Oando’s acquisition of 100 per cent shares of the Nigerian Agip Oil Company Limited and Eni Nigeria’s outright sale of its 20 per cent equity share in NAOC JV to O and O, without interfacing or pre-informing the union.

He said the union had met with the company’s management when the sale of NAOC JV assets to O and O, filtered into the public domain, but that the managing director allegedly denied that such plan existed.

Survival lamented that the sale of NAOC JV will throw lots of its members into the labour market considering the present harsh economic situation in the country.

According to him, “The Managing Director of Eni Nigeria, Mr. Fabrizio Bolondi, invited the workforce to a meeting on the 4th of September, 2023, and callously informed us that Eni has sold its 20 per cent equity share in NAOC JV, comprising OML 60, 61, 62 & 63, covering parts of Rivers, Delta, Bayelsa and Imo States to Oando Nigeria Limited, transferring all her assets and liabilities to O and O, without recourse to outstanding financial obligations to the workers, vis-avis their employee savings plan, pension and gratuity. (The PUNCH)