National Marine Dredging Company (NMDC) Group, one of the world’s leading Engineering, Procurement, Construction (EPC), and marine dredging groups, has signed a memorandum of understanding (MoU) with the British provider of marine engineering services, James Fisher and Sons plc (James Fisher) to collaborate on key marine and subsea projects.
The two entities will work together to identify and execute projects in the oil and gas sector as well as in decommissioning, offshore wind, and marine civil construction industries.
UAE-based NMDC and James Fisher will develop a series of collaborative joint ventures and consortia to deliver major projects across multiple sectors, markets, and geographies by combining the expertise, scale, and capabilities of their subsidiaries.
This will enable the two companies to expand their capabilities jointly in areas such as offshore wind, turnkey oil and gas decommissioning.
Yasser Zaghloul Group CEO – NMDC
“NMDC Group 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. The partnership with James Fisher will drive collaboration in the oil and gas sector, including decommissioning, as well as the offshore wind and nearshore civils markets. 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.”
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.
“By leveraging NMDC Group’s extensive engineering capabilities, offshore asset base, and financial strength, coupled with James Fisher’s geographic breadth, established market position, and specialist knowhow in decommissioning, diving, offshore wind, and the energy transition, 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,” commented Mr. Eoghan O’Lionaird, CEO of James Fisher.
