James Fisher partners NMDC in civils work

James Fisher and Abu Dhabi’s NMDC Group will work together going forward to identify and execute projects in the oil and gas sector as well as in decommissioning, offshore wind and marine civil construction industries.

“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,” said Eoghan O’Lionaird, chief executive officer, James Fisher and Sons plc.

Enhanced capabilities

Both parties have signed a memorandum of understanding to develop a series of collaborative joint ventures and consortia to deliver major projects across multiple sectors, markets and geographies.

This agreement will also enable the two companies to 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 Middle East engineering, procurement, construction and installation (EPCI) contractor in oil and gas.

“NMDC is focused on strengthening global partnerships as part of our strategic vision and to build on our credentials as a global energy and marine dredging EPC major. Over the past months, we have built our geographic footprint considerably,” said Yasser Zaghloul, chief executive officer, The NMDC Group.

”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.”