Penspen reports new contracts worth $48 million

Fossil Energy – Middle East

UK-headquartered energy services company Penspen has secured over seven new contracts in the Middle East including a multi-year framework agreement with a major Middle East national oil company.

The contracts include over seven new awards in the Middle East across the Project Management Consultancy, Detailed Engineering and Asset Integrity service lines, including a multi-year framework agreement with a major Middle East national oil company.

Neale Carter, Penspen’s executive vice president for the Middle East, Africa and Asia Pacific Regions: “Our commitment to the Middle East as one of our core markets combined with the strengths of international and local market experience, helps us deliver key benefits to new and existing energy projects.”

According to the company, Penspen’s experience in supporting projects for from initial concepts through to sustaining and enhancing their assets, has helped the company build on a positive operational performance from the start of this year.

Original Source: https://ocean-energyresources.com/2022/08/15/penspen-reports-new-contracts-worth-48-million/