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November 14, 2019

NPCC makes investment to boost subsea construction projects in UAE

UAE-based National Petroleum Construction Company (NPCC), a subsidiary of industrial investment holding company Senaat, has expanded its fleet with a new vessel Delma 2000.

UAE-based National Petroleum Construction Company (NPCC), a subsidiary of industrial investment holding company Senaat, has expanded its fleet with the new Delma 2000 vessel.

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NPCC is investing approximately AED330m ($89.85m) towards the vessel. This investment from the company enables it to undertake more deep-water projects in the region and also globally.

The Delma 2000 vessel will enhance the firm’s offshore and subsea construction capabilities with its advanced European specifications. It comprises extended pipelines at a depth of two kilometres, a heavy-lift crane capable of lifting up to 1,600 million tonnes (Mt) and an S-lay pipelay spread.

The vessel is also equipped with a 200Mt subsea active-heave compensated crane and 308 berths to accommodate a large professional team.

NPCC CEO Ahmed Al Dhaheri said: “At the NPCC, we are committed to strengthening our capabilities to serve our customers more efficiently and push the level of complex services that we can offer.

“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.

“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.”

The new vessel was acquired by NPCC as part of Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC), which is being held at the Abu Dhabi Exhibition Centre. With the acquisition, NPCC will increase its total fleet of vessels and barges to 23.

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How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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