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STATS (UK) Ltd has announced that it has executed a Share Purchase Agreement to sell 100% of the issued share capital of the company to Japan stock market listed Mitsui & Co, Ltd.
Pipeline technology specialist STATS Group has been commissioned by UAE-headquartered oil and gas EPC contractor National Petroleum Construction Company (NPCC), a subsidiary of National Marine Dredging Company, on behalf of a National Operating Company, to provide pipeline isolation, hot tapping and plugging services to the world’s largest diameter subsea pipeline intervention project.
Abu Dhabi NPCC project includes pipelines ranging from 42 – 56 in.
STATS Group has been commissioned by UAE-headquartered Oil & Gas EPC Contractor National Petroleum Construction Company (NPCC) to provide pipeline isolation, hot tapping and plugging services to the world’s largest diameter subsea pipeline intervention project.
The acquisition of STATS will bolster SRJ’s suite of asset integrity management products and solutions and enable it to provide its customers...