Penspen secures $70 million contract with ADNOC Onshore
LONDON -- Penspen, a leading global provider of engineering and project management services to the energy industry, 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 MMbopd and 5.6 Bcfgd. With operations underpinned by a strict health and safety focus, the company fits well with the ethos of Penspen for this project.
Peter O’Sullivan, CEO, 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.”
