Eversendai has signed a key agreement with state-owned Abu Dhabi National Oil Company (Adnoc) for the fabrication of onshore and offshore structures in the United Arab Emirates.The Malaysian player said in a note to the Malaysian Stock Exchange, Bursa, last week that "through this strategic collaboration agreement, Adnoc has mandated the steel fabrication works to be performed within UAE fabrication facilities".Subsidiary Eversendai Offshore operates a fabrication yard at Ras Al Khaimah in the UAE, which is one of the largest of its kind in the region and described by Eversendai as a "well-established waterfront fabrication facility".It caters to the oil, gas and energy-transition sectors, with an increased focus on the offshore wind farm market.Adnoc is spending massively on the expansion of its oil production capacity, which is expected to rise to 5 million barrels per day by 2027, up from the existing 4 million bpd level.
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