ADNOC awards project management consultancy deal to Penspen
- Business & Finance
Engineering and management services provider Penspen has been awarded a project management consultancy (PMC) framework agreement from the Abu Dhabi National Oil Company (ADNOC).
Penspen said on Monday that the framework agreement was for the provision of PMC services covering a wide range of requirements on a call-off basis and the supervision of ADNOC’s contractors globally.
It will serve all ADNOC Group companies, catering to the upstream, midstream, and downstream segment.
According to the company, the agreement will cover PMC contracts for all stages of the project lifecycle, including the global supervision of front end engineering and design (FEED) contractors, engineering, procurement, and construction contractors and licensors.
Penspen added that the agreement was set up to support ADNOC’s continuing growth plans for the Middle East and Africa. The agreement will run for four years, with an optional two-year extension.
Peter O’Sullivan, Penspen’s CEO, said: “We are honored to have been awarded this significant contract from ADNOC which enables the effective supervision of the company’s contractors globally.”
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