National Petroleum Construction Co, a wholly-owned unit of National Marine Dredging Co (NMDC), was awarded a $162.31 million contract by ADNOC, Mubasher reported.
The deal covers the engineering, procurement, and construction (EPC) works for installing seven jackets, according to a bourse filing.
NPCC has grown from a small fabricator to an international EPC company with over 1,400 engineers in four engineering centres, owner of the largest fabrication yard and the largest offshore construction fleet in the MENA region through continuous investment in capabilities.
Separately, a total of 109.62 million shares were allocated to NMDC for being a cornerstone investor in ADNOC Logistics & Services (ADNOC L&S). This aligns with the NMDC’s objectives and long-term strategy to diversify its business and investments.
