Abu Dhabi: National Marine Dredging Company Group and James Fisher and Sons have signed a memorandum of understanding to collaborate on key projects and opportunities in the oil and gas sector as well as decommissioning, offshore wind and marine civil construction industries worldwide, it was announced on Tuesday.
NMDC and James Fisher will develop a series of collaborative joint ventures and consortia to deliver major projects across multiple sectors, markets, and geographies, they said in a statement.
The initial focus for the partnership will be on diving opportunities within the Middle East region through James Fisher’s subsidiary James Fisher Subtech and the NMDC Group’s wholly owned subsidiary, National Petroleum Construction Company (NPCC), a major Middle East engineering, procurement, construction, and installation (EPCI) contractor in oil and gas.
Eng. Yasser Zaghloul, the Group CEO at NMDC Group, said: “The partnership with James Fisher will drive collaboration in the oil and gas sector, including decommissioning, as well as the offshore wind and nearshore civils markets. We will share, in particular, our collective strengths and expertise to support the energy transition agenda. In addition to drawing on our substantial engineering and fabrication expertise, we can bolster James Fisher’s service capability through our extensive asset portfolio that includes a fleet of 22 offshore vessels.”
Eoghan O’Lionaird, CEO, James Fisher and Sons plc, said: “By leveraging NMDC Group’s extensive engineering capabilities, offshore asset base and financial strength, coupled with James Fisher’s geographic breadth, established market position, and specialist knowhow in decommissioning, diving, offshore wind and the energy transition, our alliance will allow us to co-develop more efficient and cost-effective solutions and capabilities to create value for customers at a scale and breadth that we could not do alone.”