Penspen Bags ADNOC Contract
Penspen, a provider of engineering and project management services to the energy industry, said it has been awarded a contract by Abu Dhabi National Oil Company (ADNOC) Onshore, with a value exceeding $70 million.
The project is for the provision of project management consultancy (PMC) services for the company’s 15 major projects and will cover different stages of engineering, procurement and construction (EPC) activities, from EPC tendering stage to commissioning and close out.
ADNOC Onshore is the leading onshore producer within ADNOC Group, producing 1.6 million barrels of oil and 5.6 billion cubic feet of gas per day.
Peter O’Sullivan, chief executive officer of Penspen, said: “Penspen has built a reputation in the Middle East as a reliable and established provider of services to the oil and gas sector and this contract win reinforces this.
“These projects will provide Penspen the opportunity to utilize the vast expertise and knowledge it has to ensure that ADNOC Onshore receives excellent project management consultancy services.
“To secure such a substantial contract is fantastic and we look forward to continuing our work in the region with ADNOC Onshore to the highest possible standard, that has become synonymous with Penspen.”
Penspen has been delivering its services to clients in the Middle East for over 40 years. The company, headquartered in London, has an office in Abu Dhabi where the work for ADNOC will be delivered from.