Abu Dhabi: H.E. Dr Mohamed Rashed Al Hameli, Chairman of the National Petroleum Construction Company (NPCC) - a subsidiary of SENAAT Abu Dhabi - said that: “NPCC has had an excellent year in a highly competitive market and has increased its revenue by 7%, from AED 4.9 Billion to AED 5.3 Billion. NPCC’s excellent project management has led to 27% increase in operating profit, from AED 700 million to AED 891 million. These financial results are a reflection of the company’s efforts to optimize all operations and maximize its commercial outreach.”

Dr Al Hameli also “thanked NPCC’s Ex-Chairman, H.E. Hussain Al Nowais, for raising NPCC’s performance under his leadership, and said that the new board will continue to guide the company towards new heights and further contributions to the industry and local economy.”    

Eng. Ahmed Al Dhaheri, CEO of NPCC, said: “NPCC continues to support the development of the Oil and Gas industry in the Gulf region. To date, NPCC has executed over 1190 EPC projects, laid over 6199 kilometers of pipelines and 1374 of subsea cables, and built & installed over 1360 structures. All our projects were executed to world class standards using approximately 1 Million tons of steel.

NPCC is a regional leader amongst EPC companies. We are proud to have the largest offshore fleet comprising of 22 vessels, and the largest Fabrication Yard which extends over 1.3 Million sq/meters and offers manufacturing capacity estimated with 19.2 Million man hours.  

We are exceptionally proud of our human capital which enjoys unique and diverse group of talented professionals including over 1400 engineers who are strategically located in 4 international centers to offer our clients 3.2 Million man hours of design and engineering services.

NPCC is committed to the development of local talents and increasing the number of UAE nationals within the company. Currently, 40% of the company’s senior management positions are led by Emiratis with future plans to increase the total number of Emiratis from 300 to 430 by 2021.”

NPCC is part of an Offshore Long Term Agreement (LTA) with Saudi Aramco, signed in 2016, and so far has won 10 projects worth AED 7.3 Billion.

-Ends-

© Press Release 2019

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.