NPCC
NPCC
The National Petroleum Construction Company has rocketed to the top of our list this year thanks to a few changes in ownership. NPCC extended an offer to Abu Dhabi’s National Marine Dredging company in August, which would be a reverse takeover and give NPCC shareholders a 69.7% stake in the combined entity. Once merged, the company is expected to vand North Africa. NPCC was wholly acquired by ADQ earlier in the year, when it bought a final 30% stake from a minority shareholder.
In November 2019, NPCC revealed that it signed a $11 million investment partnership with Microsoft and AVEVA to boost its digitalisation efforts, enhancing internal and customer-facing systems. NPCC has established an in-house innovation team to spearhead the transformation, part of a five-year plan.
“The close links between digital and technology revolution have brought a new era of innovation to the energy sector, which has typically been static to changes,” said Eng. Ahmed Al Dhaheri, CEO of NPCC. “We are seizing the opportunity to be a digital-first entity through the digital transformation plan, which will enable us to offer cutting edge solutions to meet the diverse needs of our customers, which too are moving ahead in the digital curve.
In November 2019, the company invested $89.8 million on a vessel, the Delma 2000, for global deepwater projects, aiming to expand its offering. It can lift up to 1,600 MT and extend pipelines to a depth of 2,000 metres.
