Fabrication company takes pride of place as gold sponsor for the Oil & Gas Middle East awards as they expand into the oil & gas sector
Eversendai Offshore has been in the Middle East region in is guise as a construction and infrastructure firm for 18 years, but is only just dipping its toes into the oil and gas industry. As such the company wanted to partner with Oil & Gas Middle East on its prestigious awards ceremony to let the regional industry know the company is ready for oil & gas projects.
“Oil & Gas Middle East magazine is one of the premium magazines in the UAE and I think it is proper that we associate ourselves to a publication that is well received in this country, and to some extent the region.
I need to make sure people know Eversendai are doing something new and are doing fabrication offshore and EPC fabrication for onshore as well. We are still very new, but extremely ambitious I think there is a lot of potential that Eversendai can bring to the industry at large,” said Narish Nathan, executive director, Eversendai Offshore.
After a recent company acquisition in Singapore, Eversendai have expanded to include the oil and gas industry and set up a base in Dubai a year ago. The company is now developing a new yard in Ras Al Khaimah, which has a waterfront facility of 550 metres, seven metres of water depth and the yard size is about 200,000 square metres, according to Nathan.
“It is sizeable yard considering the fact that we have another fabrication facility down the road in Sharjah, which is the same size, about 200,000 sq metres of land, in Hamriyah free zone. We are planning to develop the yard, and have invested almost $50m in the yard as a group. That yard will be a state of the art fabrication yard with top end machines,” said Nathan.
Eversendai’s new oil & gas division recently finished its first project, which was for Petronas, the Malaysian national oil company. The project was for a fuel gas skid for Iraq.
“It is the first time Eversendai has done an oil and gas project. It was a big milestone for us,” said Nathan.
Petronas was extremely impressed with Eversendai’s commitment to the project and the end result. According to Nathan, the company was very surprised how cleanly Eversendai executed the project.
“We are banking on the reputation of being able to deliver what we are able to take on and it speaks volumes that Petronas are surprised and impressed that we have executed the project well. We are looking to see how we can work with other oil companies, and EPC companies as well. We are also looking at how we can form alliances to bid for jobs jointly,” said Nathan.
Eversendai is bidding on a big oil and gas project in Iraq, as well as both offshore and onshore fabrication work. The company is actually looking at beginning a major offshore marine project in June.
“Even though the yard is not ready, for the Petronas job we used our facility in Sharjah. I believe the yard should be ready by December, major works have started in terms of development. I believe the new yard is going to create another window of opportunity for us in terms of having a waterfront facility, this is the first waterfront facility for Eversendai,” said Nathan.
