The organisation warned about the strike last Monday issuing a 7-day ultimatum to the federal government to address unfair labour union practices by multinational oil and gas companies to their members.
Chris Ngige has appealed to the Petroleum and Gas Senior Staff Association of Nigeria (PENGASSAN) to shelve its planned strike in the spirit of conciliation brokered between it and Neconde Energy Services Ltd.
The industrial action is coming on the back of a stalemate in the peace meeting the Minister of Petroleum Resources, Dr Emmanuel Kachikwu, brokered between the union and Neconde Energy Limited.
Addressing newsmen after the meeting, National President of the union, Francis Olabode Johnson said the agreement signed between the union and the management is subject to review after three months to determine the adherence of the company to the details of the resolution.
PENGASSAN'S spokesperson, Fortune Obi, said in a statement in Lagos that the union made a decision to suspend the strike following the intervention of the Ministers of Labour and Productivity as well as that of Petroleum Resources.
The oil union and Neconde had been embroiled in a crisis over allegation of anti-worker practices by the firm.
The union alleged that Neconde management wrongly terminated the employment of some of its workers, and threatened to go on strike if the sacked workers were not recalled within 72 hours.
According to the statement, the Minister of Labour, Senator Ngige and the leadership of PENGASSAN agreed to endeavor to resolve alleged anti-union posture by other indigenous companies and marginal field operators.
Long lines of cars were forming at fuel stations on Monday following the strike as people anticipate supply shortages because of the strike, Lagos-based CSL Research said in an emailed note to clients.