Latest jobsExxonMobil reached a deal with a Nigerian oil union today to end an eight-day-old strike which had shut in virtually all of its output in the West African country, a union leader said.
"We have reached agreement, production resumes immediately," Olusola George-Olumoriti, chairman of the Pengassan union's Mobil Producing Nigeria branch told Reuters.
The union reached agreement with ExxonMobil on four out of their five demands, but negotiations would continue on the size of a salary increase once oil production had restarted, George-Olumoriti said.
The stoppage has shut down virtually all ExxonMobil's 800,000 barrels per day of production in Nigeria.
It forced the US supermajor on Monday to declare force majeure on its shipments.
ExxonMobil had agreed to reduce the quota of expatriate workers, improve pensions, diminish casual labour and improve pipeline safety, the union leader said.
"Exxon Mobil upstream affiliates in Nigeria confirm that we are in the process of production start-up following resumption of services by the senior staff workers union," the company said in a statement.