• Thursday , 17 October 2019

Eversendai Lands Maiden Gas Terminal Plant Construction Contract

Kuala Lumpur, 8 September 2014 – Eversendai Corporation Berhad (“Eversendai”) a provider of specialist engineering and construction services’ subsidiary, Eversendai Oil & Gas (M) Sdn Bhd, a local Engineering, Procurement, Construction and Commissioning (EPCC) company has secured its maiden oil & gas contract for two separate packages valued at RM72.2 million.

The mechanical and steel structure packages contract for Petronas Carigali Sdn. Bhd.’s Terengganu Gas Terminal (TGAST) Project – Phase 2, was awarded to Eversendai from Samsung Engineering (Malaysia) Sdn. Bhd. Eversendai’s scope of work for the project includes supply and installation of steel structures as well as the fabrication and erection of piping and mechanical equipment. The mechanical package is scheduled to commence in the third quarter of 2014 and to be completed by April 2016.

Tan Sri A K Nathan, Executive Chairman and Group Managing Director of Eversendai said, “This is a major breakthrough contract for Eversendai as it validates our strategic decision to venture into the oil & gas, petrochemical and process plant construction sectors in Malaysia. It is a testament of intensified efforts by us to strengthen our presence and positioning in the Oil & Gas industry whilst opening doors of opportunities for the Group to secure new contracts locally and internationally. We expect our foray into this segment to be a substantial contributor to Eversendai Group’s earnings in the near future”.

As a globally renowned and leading organisation in delivering highly complex projects with innovative construction methodologies for steel structures, power plants and composite structures, this new contract, which is strongly interlinked to Eversendai’s core business, would act as a platform for the Group to continually diversify its operations. It will also strengthen and facilitate Eversendai’s inroad into the local petrochemical plant construction sector, especially with the rising opportunities in the Refinery and Petrochemical Integrated Development (RAPID) project in Pengerang, Johor.

Tan Sri A K Nathan added, “We look forward to showcasing our strength and expertise in the oil & gas industry while expanding and exploring new business opportunities in the upstream and downstream sectors as we move to new frontiers. Eversendai has a stellar reputation in the construction of complex steel structures and we have also built a solid track record for ourselves in mechanical erection and installation work for power plants. Leveraging on our experience in managing large scale projects, we take great pride in having developed comprehensive project management competencies with our skilled management team. It is ultimately our goal to sustain the faith and confidence of all our stakeholders in our capability and ability to deliver”.

In line with its tagline, ‘Towering – Powering – Energising – Innovating’, Eversendai is continuously looking at delving into new opportunities in inter-related industries whilst maintaining its commendable performance and track record.