Eversendai attempts breakthrough in O&G with liftboat venture

Model of how Eversendai Offshore's liftboat will look like

THE oil and gas (O&G) industry may be in vogue for investors, but Eversendai Corp Bhd’s foray into the sector has not really piqued investor interest. In May, Eversendai announced it had bagged contracts for the construction of two liftboats valued at RM580mil.

Liftboats are generally self-propelled working barges that are used in a wide array of offshore jobs.