Penspen, a global energy services company, has recorded a highly successful year to date in the Middle East and Africa with a strong performance forecast for the rest of the year.
The company’s Project Management Consultancy (PMC) service line has secured more than USD 50M from five new, long-term contracts from ADNOC, ADNOC Onshore, ADNOC Offshore, and ADOC during 2021. The Engineering Project Consultancy (EPC) projects being executed under Penspen’s PMC supervision will support the achievement of ADNOC’s 2030 integrated strategy goals.
Penpen’s Asset Integrity (AI) service line has secured more than USD 10M from four new, long-term contracts from BP ROO, ADNOC Offshore, ADNOC Gas Processing, and Dubai Petroleum. The contracts cover a range of Asset Integrity Services including Pipeline Integrity Management, Corrosion Consultancy, Risk-Based Inspection Assessment, and Cathodic Protection Assessment.
In addition, Penspen’s Engineering Service Line has brought in more than USD 10M from 17 new medium-term contracts from Robt Stone, Galfar Emirates, Target Engineering Construction Company, Archirodon, Arabian Industries, Probus Engineering Construction, and Petrozim Line PVT Ltd. The contracts cover a range of support services such as Study, FEED, and Detailed Design for the development of energy assets in the Middle East and Africa.