UAE-based National Petroleum Construction Company (NPCC) has been awarded a pre-construction services contract worth AED220 million ($60 million) by the Abu Dhabi National Oil Company (Adnoc) for its offshore facilities being set up as part of the Hail and Ghasha Gas Development Project.
A subsidiary of Abu Dhabi-based National Marine Dredging Company, NPCC is a leading engineering, procurement and construction company that provides total EPC solutions to both offshore and onshore oil and gas sectors.
NPCC said it will be executing the project together with its joint venture partners Saipem and China Petroleum Engineering and Construction Corporation (CPECC).
The scope of work includes early project activities such as initial detailed engineering and procurement of critical Long Lead items.
The agreement will also see the joint venture partners prepare an open book estimate for the full project delivery scope, which will be considered as part of Adnoc’s final investment decision making process.
On the contract win, NMDC Group CEO Engineer Yasser Zaghloulof said: "We are honoured that ADNOC awarded this project to the consortium led by NPCC. This award demonstrates our client’s confidence in our ability, and our readiness to support ADNOC as they increase natural gas production in the UAE."
NPCC Chief Executive Officer Engineer Ahmed Al Dhaheri said: "We are committed to employing all our efforts to have a significant positive impact on the energy eco-system and the UAE economy and support Adnoc's development projects, particularly achieving the highest In-Country Value (ICV)."
"This, in turn, will help to develop local resources, as well as human capacity and talent. We look forward to working with our JV partners to ensure the success of this ambitious project," he added.
-TradeArabia News Service