Malaysian engineering firm Eversendai has announced that its UAE subsidiary Eversendai Offshore has been awarded an offshore fabrication project for Saudi Aramco.
Eversendai Offshore received the contract through Saipem which is one of the long term EPC contractors for Saudi Aramco.
Eversendai Offshore will commence the project at its fabrication yard in Ras Al Khaimah, which has recently become a pre-qualified vendor for fabrication and construction of offshore platforms and jackets for Saudi Aramco.
The latest contract award is valued at RM180m ($42.6m) and brings the company’s total project wins up to RM1.56bn to-date this year.
“As the number of fabrication yards in the Middle East with Saudi Aramco certification is limited, Eversendai had a good potential to increase its bid conversion rate through the long-term agreement engineering procurement and construction contractors or directly through Saudi Aramco itself directly,” said Narish Nathan, CEO of Eversendai Offshore.