Addax Workers Embark On Indefinite Strike ...22,000 Barrel Oil Production Per Day At Risk
Workers of Addax Petroleum Development Nigeria, APDN, have resumed their suspended strike over perceived inability of the Federal Government and Management of APDN to address the alleged unfair labour practices and payment of their terminal benefits as Addax plans to leave Nigeria. Recall that the workers went on strike in August over the same issue until the intervention of the federal government through the Nigeria National Petroleum Corporation (NNPC). There is already apprehension that the industrial unrest will further deplete the nation’s crude oil daily production by 22,000 barrel per day being the company’s production level. Addax, owned by China’s Sinopec Group with four Oil Mining Licences, OML 123, 124, 126 and 137, is operating the assets in Production Sharing Contract, PSC, with the NNPC Limited. The Federal Government withdrew the operating licences from Addax in March 2021 over alleged failure to fully develop the oil wells. NNPC has since taken over the Assets hith...