Penspen wins $70 million worth of new deals in Middle East and Africa
UK’s engineering and management services provider Penspen has secured over $70 million worth of new contracts in the Middle East and Africa.
Penspen said last week that its Project Management Consultancy (PMC) service line had secured more than $50 million from five new, long-term contracts from ADNOC, ADNOC Onshore, ADNOC Offshore, and ADOC during 2021.
Furthermore, Penpen’s Asset Integrity (AI) service line has secured more than $10 million 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 $10 million 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.
“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.
Carter also added: “We have doubled our regional workforce in the past four years to over 560 members of staff, and to support our new contract awards we expect to see our numbers grow to over 600 members of staff by the end of 2021”.