Adnoc Onshore awards $70m contract to London-based Penspen
The deal will cover various EPC-related activities for 15 projects of the UAE oil firm's delivery arm
Abu Dhabi National Oil Company (Adnoc) Onshore has awarded London-based Penspen a $70m (AED257m) project management consultancy contract for 15 of its "major projects".
The project, Penspen said in a statement, will cover different stages of engineering, procurement, and construction (EPC) activities, from EPC tendering to commissioning, and close out.
Speaking on the win, Peter O’Sullivan, chief executive officer at Penspen, said the project will provide the UK engineering and project management services firm the “opportunity to utilise the vast expertise and knowledge it has to ensure that Adnoc Onshore receives excellent project management consultancy services”.
He added: “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.”
The firm also said Adnoc Onshore “fits well with the ethos of Penspen for this project”, given operations at the onshore arm of the UAE state energy firm are underpinned by a strict health and safety focus.
Headquartered in London, Penspen will carry out project works from its Abu Dhabi office.
The award comes amid a flurry of activity at Adnoc. October 2018 saw Adnoc Offshore, the oil and gas company’s delivery arm, announce the installation all 'supercomplex' facilities at the Nasr oil field off the coast of the UAE capital.
In the same month, Adnoc’s sour gas subsidiary said construction on a planned pipeline to carry molten sulphur from its Shah field is on track.