Eversendai wins work for Saudi Aramco

A UAE-based subsidiary of Malaysia's Eversendai Corp. has won an offshore fabrication project for Saudi Aramco.

Eversendai Offshore expects the award to be the first of many more projects to come its way from Saudi Aramco which is projected to invest more than US$300 billion over the next 10 years. 

Despite the current Oil and Gas market sentiment, Saudi Aramco has awarded US$5 billion worth of projects from 2016 to-date, says Eversendai. 

Eversendai Offshore was also recently certified with the Saudi Aramco 9com certification that allows it to execute Saudi Aramco projects which are only open to prequalified and approved companies who fulfil highly stringent requirements by Saudi Aramco. With this certification, the company’s fabrication yard in Ras Al Khaimah becomes a pre-qualified vendor for fabrication and construction of offshore platforms and jackets for Saudi Aramco.

“As the number of fabrication yards in the Middle East with Saudi Aramco certification is limited, Eversendai has a high potential in increasing their bid conversion rate bidding through the LTA EPC contractors or through Saudi Aramco itself directly,” said Narish Nathan, CEO of Eversendai Offshore.

“Eversendai Offshore is a relatively young player in the oil and gas industry. Our facility in Ras Al Khaimah is only 2.5 years old and to receive this highly sought-after certification is indeed a feat we are proud of,” said Tan Sri A K Nathan, Group Managing Director of Eversendai Corp. 

Eversendai describes its sixth fabrication facility in Ras Al Khaimah, UAE, as its Crown Jewel. The firm owns a total of seven fabrication facilities. The 200,000sq m Ras Al Khaimah yard has a 550m jetty with 7m water depth at low tide enabling Eversendai to fabricate and loadout heavy structures such as offshore jackets, platforms and process modules into the water directly.

With an annual production capacity of 30,000-ton of fabricated materials, the jetty is also able to loadout 12,000-ton.