National Petroleum Construction Company (NPCC), a National Marine Dredging Company Group subsidiary, has received a Letter of Award from the Abu Dhabi National Oil Company (ADNOC) for the Pre-Construction Service Agreement (PCSA) related to the Offshore Facilities of the Hail and Ghasha Gas Development Project.
The Letter of Award covers the early Project activities such as Initial Detailed Engineering and Procurement of critical Long Lead items. The PCSA scope of work also includes the preparation of an Open Book Estimate for the full project delivery scope, which will be considered as part of ADNOC’s Final Investment Decision making process.
NPCC will execute the project together with its Joint Venture Partners Saipem and China Petroleum Engineering and Construction Corporation (CPECC). The total value of the project related to the Letter of Award is about AED 220 million (60 million USD).
Eng. Yasser Zaghloul, Group CEO of NMDC, said, “We are honored that ADNOC awarded this project to the consortium led by NPCC . This award demonstrates our client’s confidence in our ability, and our readiness to support ADNOC as they increase natural gas production in the UAE.”
Eng. Ahmed Al Dhaheri, CEO of NPCC, said, “We are committed to employing all our efforts to have a significant positive impact on the energy eco-system and the UAE economy and support ADNOC’s development projects, particularly achieving the highest In-Country Value (ICV). This, in turn, will help to develop local resources, as well as human capacity and talent. We look forward to working with our JV partners to ensure the success of this ambitious project.