UK-headquartered energy services company Penspen has reported continued business growth during the second half of the year, having secured 27 new contracts totaling $48 million, the company announced on August 14.
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.
“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,” Neale Carter, executive vice president for the Middle East, Africa and Asia Pacific Regions, said in a press release.
He added, “The team is doing an outstanding job by providing deep engineering knowledge and building strong relationships with our clients, and it is encouraging to see the growing demand for our engineering and project management services as a result.”
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.
For over 70 years, Penspen has served clients with over 10,000 projects in the Middle East, Africa, Asia, Europe, the UK, and the US.