SAUDI ARAMCO AWARDS NPCC WITH TWO NEW CONTRACTS FOR 17 OFFSHORE JACKETS
Published Date : 26, Jan 2017
Saudi Aramco, the leading energy company in the world, has placed its confidence in the National Petroleum Construction Company (NPCC) by awarding two new contracts for 17 Offshore Jackets in Berri & Marjan Oilfields.
“These EPC contracts for Berri and Marjan Oilfields include Engineering, Procurement, Construction, Transportation and Installation of nine and eight jackets respectively,” said Mr. Aqeel A Madhi, CEO of NPCC.
Mr Madhi added that the two new contracts come under the scope of the long-term agreement (LTA) between Saudi Aramco & NPCC, signed in October 2016, to help with offshore oil and gas producing platforms and related facilities in the Arabian Gulf. Saudi Aramco has signed a six year agreement with NPCC and other contactors. Under the agreement, contractors will be responsible for delivering a number of offshore oil and gas producing platforms, tie-in platforms, pipelines, power cables, and all the related facilities, as required under the current Master Plan for Saudi Aramco's offshore fields.
Entering into such a strategic agreement with a global major, Saudi Aramco, is an endorsement of NPCC’s state-of-the-art expertise, Mr Madhi said.
Mr. Madhi stated that carrying out these two new contracts will take 11 months and expressed his full confidence and trust in NPCC staff and their ability to deliver these projects on budget and schedule.
“NPCC team is qualified and well trained, with years of experience of delivering such projects with NOCs and IOCs,” said Mr. Madhi.
Mr. Madhi also assured that NPCC will continue to pursue its strategy of increasing its market share of international Oil & Gas EPC market by exploring new growth opportunities.