Give us an idea of how business was for your company in 2015. What impact did the low oil price have on your operations?
For the Eversendai Group, 2015 was a record year, with record new orders secured across our group, and specifically by Eversendai Offshore. Last year was a very busy one for us, with the operational start of our waterfront fabrication yard facility [in Ras Al Khaimah, UAE], and also with executing the construction of two GustoMSC NG2500X liftboats. We had also been extremely busy bidding for new work in 2015.
Which are the major oil and gas clients that you work with in the region, and what is the scope of your work with them?
We work with the major EPC companies, such as Vahana Offshore for the liftboats, Tecnimont and Prosernat for projects with ADGAS, NPCC for projects with ADMA-OPCO, Petronas in Iraq, Technip, Hyundai, and many more. We mainly provide fabrication services for process modules, and large structures that require our waterfront facility for loadout.
Could you tell us about some of the major contracts that you have won in the past?
We are working on a $180mn liftboat contract for Vahana Offshore and $40mn-worth of projects in the UAE.
What effort has your company made for the skill development of the workforce, as well as to ensure HSE standards in operations?
Within the Eversendai Group, we have our own internal learning and development department, which focusses on training our employees. We maintain a strong HSE standard in our fabrication facility, with continuous HSE training for all employees. HSE has a very strong influence on our work culture.
How do you expect your company to perform during 2016? Can you tell us about any contracts or deals that you have secured this year?
This year will continue to be a very busy one for us. We have secured a few projects to date, and we are now focussing on 2017.
What would you say are the key factors that distinguish your company from your main competitors in the industry?
Our biggest advantage is our business diversity. The Eversendai Group is geographically diverse, and also diversified across business sectors with our business units. Eversendai Offshore is only one of the business units within the group. This allows the group to be very resilient during challenging periods.
What is your opinion of the standard of EPC projects in the region’s oil and gas industry and how do you believe this could be improved?
The EPC segment must be more open to new ways of doing things. Most of the time, the industry is not ready to accept new companies that provide better products and services. The industry can optimise cost and increase efficiency if this is embraced more openly.
