Abu Dhabi – Mubasher: National Petroleum Construction Company (NPCC), a fully-owned subsidiary of National Marine Dredging Company (NMDC), inked a contract with ADNOC for the Hail and Ghasha Offshore Development project.
The project scope comprises the engineering, procurement, and construction (EPC) of four drilling centres and one processing plant to be built on artificial islands, according to a bourse statement.
It also includes several offshore structures and over 300 kilo metre (km) of subsea pipelines.
The total value of the project, which is expected to be completed during 2028, stands at AED 30 billion.
Ahmed Al Dhaheri, CEO of NPCC, said: "This award underscores our commitment to innovation, sustainability, and excellence in the energy sector.”
“We are ready to harness our expertise and dedication to deliver outstanding results, shaping a brighter future for our industry and the UAE,” Al Dhaheri continued.
Last June, ADNOC awarded NPCC a $162.31 million contract for installing seven jackets.
In the first half (H1) of 2023, the listed group posted net profits attributable to the shareholder valued at AED 880.17 million, an annual hike from AED 403.08 million.
