NPCC wins $326m Saudi Aramco EPC contracts

13/11/2017 16:44 AST

UAE's National Petroleum Constructions Company (NPCC) said it has been awarded a Dh1.2 billion ($326 million) engineering, procurement and construction (EPC) contract for an offshore platforms and two pipelines for Saudi Aramco's Al Safaniya oilfields.

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 km sea cable to provide additional power supply, said a statement from the company.

On its key win, NPCC chairman Hussain Jassem Al Nowais said: "The contract reflects the deep-rooted fraternal ties between the UAE and Saudi Arabia, under the wise leadership of President HH Sheikh Khalifa bin Zayed Al Nahyan and the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud."

With this deal, the number of contracts NPCC had signed with Aramco has risen to five with its total value hitting Dh3 billion ($816 million), he added.

Aqeel Abdullah Madhi, NPCC's managing director and chief execuitive, 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.


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