SEPC shares edged higher by more than 2% after the company revealed that its UAE-based subsidiary, SEPC FZE, has won a significant EPC subcontract valued at AED 35 million, which roughly translates to ₹85 crore. The project marks another major milestone for SEPC as it deepens its operational presence in the Middle East’s energy infrastructure space.
The contract has been awarded by Lauren Middle East Engineering Construction L.L.C., and the work forms an important part of the Abu Dhabi Oil Company (ADOC) development framework. The upgrade will be executed at Mubarraz Island, where SEPC FZE will be responsible for a complete enhancement of mission-critical safety and utility systems. This includes installing a new Emergency Shutdown (ESD) system, setting up a dedicated Nitrogen Generation Unit, and deploying an advanced Public Address and General Alarm (PAGA) System to support seamless operations in a high-risk oil and gas environment.
According to the company’s announcement, the project timeline extends until December 2026, giving SEPC a long runway of execution visibility. It will involve detailed engineering, instrumentation modifications, specialized manpower deployment, and integration of safety-critical equipment that is crucial for maintaining oil and gas continuity in offshore conditions. The payment terms follow a milestone-based approach, with disbursements beginning sixty days after invoice approval and monthly progress documentation.
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