NPCC awarded Dhs1.2 billion Aramco contract

12/11/2017 05:47 AST

UAE's National Petroleum Constructions Company (NPCC) has been awarded a Dhs1.2-billion Engineering, Procurement and Construction (EPC) contract for an offshore platform and two pipelines for Saudi Aramco's Al Safaniya oilfields.

Hussain Jassem Al Nowais, Board Chairman of the NPCC, said the company was pleased to win the contract from the Saudi oil giant Aramco, adding that the contract reflects the deep-rooted fraternal ties between the UAE and Saudi Arabia, under the wise leadership of President His Highness Sheikh Khalifa Bin Zayed Al Nahyan and the Custodian of the Two Holy Mosques King Salman Bin Abdulaziz Al Saud.

He added that the recently awarded contract brings to five the total number of contracts NPCC had signed with Aramaco, at a total value of Dhs3 billion.

Aqeel Abdullah Madhi, NPCC Managing Director and CEO, said the company was considering expanding its operations in Saudi Arabia by setting up a manufacturing facility, training centre and an offshore support unit to meet the growing demand for its services there.

The contract entails construction of a dual pipeline to carry the produced crude from the platform to the gas separation plant, with a captive 20 kilometers sea cable to provide additional power supply.

Saudi Aramco is expected to send its biggest ever delegation to this week's Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), as Middle East national oil companies (NOCs) establish new commercial partnerships and diversify their operations to ensure sustained long-term growth.

The Gulf Today