National Marine Dredging Company (NMDC), a leading Abu Dhabi-based EPC firm, has announced that one of its key units has secured a $1.3-billion contract from Saudi oil giant Aramco for two key projects as part of the Arab Medium (AM) facilities upgrade scheme.
The project scope for National Petroleum Construction Company (NPCC) includes fabrication and installation of 11 slipover production decks modules and nine structural jackets in addition to installation of eight subsea pipelines nearly 23 km long, said NMDC in its filing to the Abu Dhabi Securities Exchange.
The order also includes setting up of 22 units of 15 kV subsea cables running 115 km long, it added.
The announcement comes close on the heels of NMDC Group’s official launch of its new brand identity and architecture.
The new NMDC Group identity underscores the company’s commitment to deliver turnkey solutions that are environmentally conscious, safe and cost effective, thus leveraging the talent and expertise of its people and creating value and resilience for customers while generating exceptional returns for shareholders.
The new ‘NMDC Group’ brand will be applied to all of its subsidiaries including NMDC Dredging & Marine, NMDC Energy (formerly NPCC), NMDC Construction (formerly Emarat Europe) and NMDC Engineering.
The brand was unveiled at a special event last month at the Rixos Marina Ballroom in Abu Dhabi. Speaking at the event, Chairman Mohamed Thani Murshed Ghannam Alrumaithi said: “The new brand architecture is the outcome of our efforts to find the best balance between developing infrastructure projects and contributing towards economic progression as we enter the next chapter of growth and expansion.”
Central to this strategic move is the consolidation of a group of companies under the NMDC umbrella.
“By leveraging our decades of expertise, NMDC Group will continue to play a significant and strategic role in supporting the nation’s diversification goals and maximising shareholder value,” he added.