Abu Dhabi EPC NPCC posts $1.4bn revenue in 2018
The company's profits rose 27% compared to 2017
NPCC's operating profits have grown 27% for Abu Dhabi's National Petroleum Construction Company (NPCC) in 2018. The company's chairman, Dr. Mohamed Rashed Al Hameli, said that operating profits hit $242.6mn in 2018, compared to $190.6mn the prior year.
This lines up with a 7% increase in revenue, which hit $1.4bn in 2018.
NPCC CEO noted that the company has "executed more than 1,190 EPC projects laid over 6,199km of pipelines and 1374km of subsea cables, and built and installed over 1,300 structures."
NPCC in July 2018 won a contract from ADNOC subsidiary Al Yasat for the full development of the offshore Bu Haseer field, which would increase production capacity from 8,000 barrels per day to 16,000bpd by 2020.