National Petroleum Construction Company (NPCC) has signed an agreement with Petroleum Marine Services to strengthen cooperation in exploring engineering, procurement and construction (EPC) project opportunities in the oil and gas sector in Egypt and the region.

 

The MoU was signed at the Egypt Petroleum Show, the region’s leading exhibition for the petroleum industry, by NPCC Chief Executive Ahmed Al Dhaheri and Petroleum Marine Services Chairman and CEO Ashraf Emam in the presence of senior officials from both companies. 

 

A subsidiary of Abu Dhabi-based National Marine Dredging Company, NPCC is a leading company that has been providing total EPC solutions to offshore and onshore oil and gas, petrochemicals and renewables sectors for nearly five decades in Mena and the Indian Subcontinent.    

 

PMS is an offshore installation and services provider with extensive experience in the installation of offshore structures, pipelines, cables, underwater survey and air diving services as well as platform and pipeline maintenance & repair and subsea intervention services.

 

According to NPCC, the deal will support the industry and the companies in driving their ambitious growth plans.

 

Through the MoU, the two entities aim to explore opportunities in the energy-sector, which has tremendous potential in Egypt and other regions. 

 

With their combined forces, the companies will share local knowledge and capabilities of PMS in Transportation & Installation with the global EPC experience of NPCC in mega offshore projects especially the heavy lift and pipelaying & subsea cable / umbilical laying capabilities with extensive fabrication capabilities.

 

NMDC Group CEO Yasser Zaghloul said: "We are proud to sign this agreement with PMS at Egypt Petroleum Show, a landmark event for the petroleum industry. For 2022 and beyond, we will continue to build on our expansion plans and explore new business opportunities and geographies, which will lead to creating a strong infrastructure based on expertise and knowledge across the industry value chain."

 

"The agreement further consolidates our presence in Egypt," he remarked.

 

Al Dhaheri said: "NPCC is proud to strengthen our partnership and collaboration with PMS, as we join hands to share world class expertise and knowledge."

 

"We aim to provide the industry with the best EPC projects, driven by innovation and operational efficiency. NPCC is a pioneer in delivering mega projects, and we are looking forward to explore our opportunities in Egypt and beyond," he added.-TradeArabia News Service