UAE’s NMDC Group, a global leader in engineering, procurement, construction and marine dredging, and NMDC Energy PJSC, a leading provider of engineering, procurement and construction (EPC) services for offshore and onshore energy clients, have concluded their participation at the Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC), with NMDC Energy announcing the signature of several landmark agreements to explore strategic partnerships with local and international entities.
NMDC Energy signed a Memorandum of Understanding (MoU) with Baker Hughes to explore potential collaboration opportunities to increase the localization of some of Baker Hughes products and solutions in the Middle East, North Africa, Turkey, and India (MENATI) region by leveraging NMDC’s state-of-the-art facilities and capabilities. Specifically, the collaboration will explore gas technology products, such as Gas Compression Stations up to LNG Modularization, to serve the local regional market in its energy transition objectives.
A non-exclusive strategic cooperation framework in offshore energy and adjacent sectors was put in place by NMDC Energy and Hyundai Heavy Industries (HHI), with the intent to leverage NMDC’s regional presence and HHI’s EPCI and fabrication capabilities. The entities will cooperate on a non-exclusive basis and may jointly pursue opportunities on a case-by-case basis within the Middle East, Africa, Europe and Southeast Asia. This partnership has the potential to be extended to additional segments, including offshore oil & gas facilities and renewable and decarbonization areas. NMDC and HHI are currently tendering on multiple mega tenders in the region, on the back of the large fabrication resources of both companies and their rich EPC experience in the industry.
NMDC Energy also signed a MoU with UAE company, Energy Masters Enterprises (EM), to cooperate in areas related to Electrical Submersible Pumps and adjacent sectors, leveraging NMDC’s regional presence and EME’s Electrical Submersible Pumps (ESP) supply, installation, commission, and repair capabilities. Both companies intend to cooperate on a non-exclusive basis and may jointly pursue opportunities on a case-by-case basis within the Middle East, Africa, Europe and Southeast Asia.
Furthermore, NMDC Energy signed an MoU with Engineers India Limited (EIL) to confirm their intent to collaborate for the joint tendering and, if successful in award, extend the collaboration to the execution of onshore projects in KSA across sectors such as Oil and Gas Processing, Refineries, Petrochemicals, Pipelines, Storage Terminals and Energy Transition. The collaboration related to the delivery of Onshore EPC projects in Saudi Arabia across the full spectrum of oil & gas segments, leveraging the fabrication facilities owned by NMDC in Ras Al Khair, Saudi Arabia, and the design center established by EIL in Al Khobar.
