Penspen

It was perhaps winning a contract last year to serve in a project operated by Emirati oil giant ADNOC, that helped Penspen elevate its stature in the regional market. The UK-based company  signed an agreement with Matrix Construction to provide modification works at the Bab and Asab fields, located west of Abu Dhabi, and operated by ADCO. Penspen was sub-contracted the detailed engineering works by Matrix Construction, the EPC contractor. Executing the FEED work for this project previously had helped Penspen bag this deal. CEO Peter O’Sullivan told O&GME last year that the company, which has worked in Abu Dhabi for about 40 years, was banking on more orders from ADNOC to cement its position in the local oilfield services market.