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PIB: Oil workers advise National Assembly

By Jimitota Onoyume

FOR the Petroleum Industry Bill (PIB) before the National Assembly to be all-embracing, legislators have been urged to consider very strongly the views of all stakeholders in the oil and gas sector on the issue. 

A statement issued and signed by the duo of Comrades Victor Olley and Peter O. Akpenka, Chairman and secretary of Producers Forum, one of the member organizations of Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), said the bill would come out stronger as a law when it considered all shades of contributions.

The Producers’ Forum advised that the bill should not in any way be made to cause Nigerians in the oil and gas sector to lose their jobs and entitlements, as existing pension plans, etc.

It said:  “All Nigeria employees of equity holding companies in the JVs and PSCs shall be deemed to be employees of the new IJV with effect from the date of the incorporation of the IJV on terms and condition no less favorable than those they enjoyed prior to incorporation.

“The new Integrated Joint Venture (IJV) companies should be allowed full autonomy as exploration and production of oil and gas companies operating in the country.

“The presence of government controlling major shares would be reduced to usual government establishment where internal policies in appointment of board members and adhering to international code of operation would be compromised.


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