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Abu Dhabi owner eyes $400m expansion

Abu Dhabi owner eyes $400m expansion

Dubai: Abu Dhabi's National Petroleum Construction Company (NPCC) is to invest over $400 million to expand its fleet of marine vessels, the company's ceo said last week.
"NPCC awarded two anchor handling tugs to Lingshan Shipyard in China. The first anchor handling tug, NPCC Saadiyat was handed over last month and the next vessel, which will be called NPCC Yas will join the NPCC fleet in March next year," Aqeel Madhi told Gulf News last week (Tuesday). He was speaking at a function to mark delivery of NPCC Saadiyat.
NPCC is also building a jack-up vessel SEP-450, expected to be ready by the end of 2011 and awared a large Derrick Lay Barge, DLS-4200 to ZPMC shipyard in China last May, planned for completion in July 2012, Mahdi told the Dubai-based newspaper.
NPCC is a major EPC contractor employs more than 10,000, has a fleet of 14 vessels, a yard of one million square metres and an engineering workforce of more than 600. It currently has interests in the UAE, the Gulf, India and Iran and is seeking expansion into markets in Libya, Nigeria and Kazakhstan. [10/10/10]

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