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Saudi Aramco Awards Long-term Contract to Abu Dhabi's NPCC

Posted by October 12, 2016

National oil giant Saudi Aramco <IPO-ARMO.SE> has awarded a long-term contract to National Petroleum Construction Co (NPCC) of Abu Dhabi for work on Aramco's offshore facilities, it said on Wednesday.


NPCC will help to build offshore oil and gas platforms, pipelines, power cables and other infrastructure, Aramco said in a statement, without giving a monetary value or details of the work.


The contract has a duration of six years with options to extend it for up to 12 years. It is the fifth such deal signed by Aramco; in June last year, it awarded four such contracts to other engineering companies.

(Reporting by Reem Shamseddine; Writing by Andrew Torchia)

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