The National Marine Dredging Company Group, one of the world’s leading Engineering, Procurement, Construction (EPC) and marine dredging groups, and James Fisher 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.
In a statement, NDMC said that the two entities 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 statement said.
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 Chief Executive Officer at NMDC Group, said, “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, Chief Executive Officer, James Fisher and Sons plc, said, “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.”