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Penspen secures $70m in Middle East and Africa contracts

UK-based energy industry services company Penspen has recorded a highly successful year to date securing over $70m worth of new contracts in the Middle East and Africa.

The company’s project management consultancy (PMC) service line has secured more than $50m from five new, long-term contracts from ADNOC, ADNOC Onshore, ADNOC Offshore and ADOC during 2021. The engineering project consultancy projects being executed under Penspen’s PMC supervision will support the achievement of ADNOC’s 2030 integrated strategy goals.

Penpen’s asset integrity service line has secured more than $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 $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. 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.

“These long and medium-term contracts establish a solid platform for further growth throughout this year and beyond,” said Neale Carter, executive vice president for the Middle East, Africa and the Asia Pacific regions at Penspen.

Adis Ajdin

Adis is an experienced news reporter with a background in finance, media and education. He has written across the spectrum of offshore energy and ocean industries for many years and is a member of International Federation of Journalists. Previously he had written for Navingo media group titles including Offshore Energy, Subsea World News and Marine Energy.
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