NPCC – a wholly-owned subsidiary of the National Marine Dredging Company (NMDC) – secured the $2.2 billion Saudi Aramco deal for two packages for the Zuluf offshore field.

NMDC stated in a brief statement published on the Abu Dhabi Securities Exchange that the project would be executed over three years. The company revealed no other details regarding the deal.

In recent times, NPCC has been winning billions of dollars in contracts with different companies. Apart from this latest deal, the company won another $1.26 billion in two deals with the Abu Dhabi National Oil Company (ADNOC) during 2021.

The first deal was agreed on in late May 2021. ADNOC awarded a $744 million contract for the full field development of the Belbazem Offshore Block.

The second deal relates to ADNOC awarding an EPC contract worth $514 million for the Dalma gas development project to NPCC in mid-November of last year.