Wednesday 23 September 2020

Penspen wins major Adnoc PMC framework agreement

ABU DHABI, November 12, 2019

Penspen, a major provider of engineering, project management, asset management and integrity services to the oil and gas industry, said it has secured a prestigious project management consultancy (PMC) framework agreement from the Abu Dhabi National Oil Company (Adnoc).

The framework agreement, secured by Penspen’s Middle East and Africa region, is for the provision of PMC services to cover 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 segments.

It is envisaged that 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 (EPC) contractors and licensors.

It has been 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.

On the big win, CEO Peter O’Sullivan said: "We are honoured to have been awarded this significant contract from Adnoc which enables the effective supervision of the company’s contractors globally."

"It recognises the strengths of our ‘One Penspen’ approach in ensuring the client receives a uniform and consistently high quality service from the chosen contractors – irrespective of their location," he stated.

Originally founded as Spencer & Partners in the UK in 1954, Penspen has now grown to include over 1,000 engineers, with major offices in London, Bristol, Newcastle, Houston, Mexico, Abu Dhabi, and Bangkok, he added.-TradeArabia News Service


More Energy, Oil & Gas Stories

calendarCalendar of Events