MDC Group and James Fisher sign strategic agreement to collaborate globally on marine and subsea projects

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  • 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.
  • This will be achieved by the combination James Fisher’s industry leading global niche market capabilities and NMDC Group’s EPC strength, expertise and large asset portfolio.
  • The two groups will focus initially on exclusive diving projects in the Middle East and turnkey decommissioning opportunities in the North Sea and internationally.

Abu Dhabi, UAE: National Marine Dredging Company Group, one of the world’s leading Engineering, Procurement, Construction (EPC) and marine dredging groups, and James Fisher and Sons plc (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.

Combining the expertise, global footprint, scale and capabilities of their subsidiaries, NMDC and James Fisher 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.

Eng. Yasser Zaghloul, the Group Chief Executive Officer at NMDC Group, said: “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.”

Eoghan O’Lionaird, Chief Executive Officer, James Fisher and Sons plc, said: “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.”

About NMDC (The Group)

National Marine Dredging Company (The Group), the UAE’s leading contractor in the field of engineering, procurement, construction, and marine dredging in the Middle East spanning vital sectors, creating solutions that meet the challenges of the future in the energy EPC sector. Under its umbrella, the group owns and operates NMDC, NPCC, and EEMDC.

NMDC is a leading contractor in the field of dredging and marine civil construction, delivering a range of services including the construction of port infrastructure, land reclamation, coastal defense, and deepening and maintenance of waterways. NMDC owns and operates a modern fleet of dredgers supported by a wide range of auxiliary equipment including tugs, workboats, barges, and survey vessels.

About James Fisher and Sons plc

James Fisher and Sons plc is a leading provider of specialised services to the marine, oil and gas and other high assurance industries worldwide. As an innovative and fast-growing organisation, our highly skilled team and over 170-year heritage enables us to deliver solutions to the most demanding operational and technical challenges faced by our customers. By leveraging our global reach, deep operational understanding, breadth of capability and the enthusiasm and commitment of our staff, James Fisher has become a trusted partner of major corporations, government agencies and other valued customers around the world.