NPCC Invests In Fleet Expansion

U$90m for Heavy-lift Vessel

Offshore specialist National Petroleum Construction Co. has announced plans to expand its breakbulk fleet with an investment of US$90 million.

The firm’s investment will support the addition of a new vessel, the Delma 2000, which will service breakbulk projects in the Middle East region.

“We are proud to announce the expansion of our fleet with the new vessel, Delma 2000. The AED330 million vessel with a 1,600-tonne heavy-lift crane will strengthen our service offering by further enabling deepwater offshore projects in the region and beyond,” a spokesperson for the firm said.

Significant Investment

Alongside its heavy-lift crane, the Delma 2000 will also feature S-lay pipelay spread and subsea crane capable of extending pipelines to a depth of 2 kilometers.

“A significant investment in enhancing our future growth prospects, more so, as we expand our operations globally, the new vessel will enable us to undertake projects offshore that call for deepwater competencies,” said Ahmed Al Dhaheri, CEO of NPCC.

Owned by the Abu Dhabi sovereign wealth fund Senaat, NPCC is one of the largest engineering, procurement and construction companies in the country and provides “total EPC solutions” to the offshore and onshore oil and gas sector.

Abu Dhabi Targets Growth
The expansion is part of a national strategy to expand breakbulk activity and boost oil and gas sector services in the UAE, and the emirate of Abu Dhabi specifically. NPCC supported the Abu Dhabi International Petroleum Exhibition and Conference this week, bringing together oil and gas sector leaders from around the world.
“As the UAE looks to tap into its newly identified and existing oil and gas resources, we will continue to support our partners in their operations through highly efficient solutions,” Al Dhaheri said.
Earlier this year, the Abu Dhabi National Oil Co. closed a "landmark" equity partnerships with energy firms Eni and OMV to expand its global presence and launch one of the world’s largest refinery projects.