Saudi Arabia’s multinational petroleum and natural gas company, Saudi Aramco has awarded a major contract to the UAE-based oil and gas engineering service provider National Petroleum Construction Company (NPCC) for works related to the Zulf marine field in the kingdom.
The contract is valued at $2.23 billion (Dh8.2 billion), NMDC said in a statement to the Abu Dhabi Securities Exchange, where its shares are traded.
The company stated that it would implement the project within three years. NPCC was awarded the fourth and fifth Zuluf packages, CRPO 82 & CRPO 83.
According to the reports, “The fourth package CRPO 82 includes at least 12 oil-handling wellhead topsides, two oil tie-in platforms, and one electrical distribution platform, while the fifth package CRPO 83 is made up of 12 additional oil-handling wellhead topsides, two oil tie-in platforms, as well as infield pipelines and cables.”
NPCC was merged with NMDC last year and has operations in the Arabian Gulf, South Asia, and South-East Asia. Further, the company is planning to expand to Africa and the Caspian region.
The company operates a fleet of 23 offshore vessels with contemporary equipment to support its shallow and deep-water operations in the oil and gas sector.
Last year, UAE’s state-owned oil company ADNOC awarded NPCC a $744 million worth contract to completely develop the offshore Belbazem block. The Belbazem block is being developed to produce 45,000 barrels of light crude per day, with the first barrel expected in 2023.
NPCC also signed a preliminary agreement with France’s Technip Energies to form a joint venture to cooperate on energy transition projects in the UAE and the broader Middle East and North Africa region.