James Fisher and Sons plc and Abu Dhabi’s NMDC Group, a major engineering, procurement and construction company working in the marine construction and oil and gas industries, 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.
Combining the expertise, global footprint, scale and capabilities of their subsidiaries, James Fisher and NMDC will develop a series of collaborative joint ventures and consortia to deliver major projects across multiple sectors, markets, and geographies.
This will enable the two companies to expand their capabilities jointly in areas such as offshore wind, turnkey oil and gas decommissioning, and accelerating the energy transition, a top priority for most nations today. They will bring their combined client base significant cost and operational efficiencies as well as additional choice in the market.
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.