Sunday 13 May 2012

NPCC Targets Abu Dhabi’s $7 Billion in Oil Projects This Year - Bloomberg

National Petroleum Construction Co., an Abu Dhabi government-controlled oil-services company, is focusing on bidding for the $7 billion in energy projects being tendered in the emirate this year, according to the company’s chief executive officer.
“We are looking at Abu Dhabi for sure,” Chief Executive Officer Aqeel Madhi told reporters in Abu Dhabi on May 9. “It’s our biggest market.”
The company is bidding for two of the construction packages being tendered by Zakum Development Co., which plans to raise output from Upper Zakum, the world’s fourth-largest oil field, Madhi said. It’s also bidding for projects offered by Abu Dhabi Marine Operating Co., which plans to develop the offshore Umm Lulu and Nasr fields.

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