Abu Dhabi’s NPCC bags $327-mln contract

Abu Dhabi

ABU DHABI, January 24, 2018 – India’s ONGC has awarded Abu Dhabi’s National Petroleum Construction Company (NPCC) a contract valued at USD 327 million to construct offshore infrastructure on the west coast of India.

NPCC said in a statement on Tuesday that the contract scope involves survey, design and installation of five oil well platforms, pipelines and cables, as well as commissioning services at ONGC’s Ratna field.

NPCC is an engineering and construction company which operates in the Gulf and South and Southeast Asia. The company is one of the biggest and busiest construction companies operating in Abu Dhabi’s oil and gas industry. The company is majority-owned by UAE industrial conglomerate Senaat.

In late February 2017, ONGC approved four shallow-water development projects worth more than USD 920 million that included the Ratna and R-Series fields, along with B-147, BSE-11 and NBP. Ratna and R-Series is the largest project, and its development cost is estimated at USD 615 million. The project is expected to yield 1.7 bcm (60 bcf) of gas and 61 million barrels of oil.

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