Abu Dhabi’s NPCC & Egypt’s PMS to explore EPC projects in Oil & Gas sector
Published Date : 15, Feb 2022
The memorandum of understanding (MoU) was signed at the Egypt Petroleum Show (EGYPS), the region’s leading exhibition for the petroleum sector, by Eng. Ahmed Al Dhaheri, CEO of NPCC and Eng. Ashraf Emam, Chairman and CEO of PMS.
NPCC, a subsidiary of National Marine Dredging Company (NMDC), has been providing total EPC solutions to offshore and onshore oil and gas, petrochemicals and renewables sectors for nearly five decades in the Middle East and North Africa (MENA) region and the Indian Subcontinent.
Based in Egypt, 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.
Mr. Yasser Zaghloul, Group CEO of NMDC, stated that “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.”
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 and installation with the global EPC experience of NPCC in mega offshore projects especially the heavy lift and pipelaying and subsea cable and umbilical laying capabilities with extensive fabrication abilities.