September 25, 2017 7:28 PM ET

Energy Equipment and Services

Company Overview of Penspen Limited

Company Overview

Penspen Limited provides engineering, project management, asset management, and integrity services to the energy industry worldwide. It offers engineering and project management services, including conceptual and feasibility studies, basic and front end engineering, detailed design, operability and risk assessment, procurement services, and engineering support; and asset integrity services in the areas of asset integrity management systems, audit, corrosion, materials and welding, decommissioning, emergency response, failure investigation, flexible pipe integrity, geohazards, inspection, integrity assessment, maintenance, repair and rehabilitation, risk and reliability, risk assessment, and ...

3 Water Lane

Richmond,  TW9 1TJ

United Kingdom

Founded in 1954

Phone:

44 20 8334 2700

Fax:

44 20 8334 2701

Key Executives for Penspen Limited

Chief Executive Officer
Executive Vice President of Sales & Marketing and Regional Director of Europe & Africa
Executive Vice President of Project Performance
EVP - Engineering & Project Management and Regional Director for Middle East Business
Executive Vice President of Asset Management & Integrity and Regional Director of Americas
Compensation as of Fiscal Year 2017.

Penspen Limited Key Developments

Penspen Receives Engineering Services Contract for Bab and Asab Fields

Penspen signed an agreement with Matrix Construction to provide modification works at Bab and Asab fields, located west of Abu Dhabi. The fields are owned and operated by the Abu Dhabi Company for Onshore Petroleum Operations Ltd. (ADCO). Earlier this year, ADCO commissioned a project to upgrade the facilities at the fields, in order to improve reliability, integrity and performance. Penspen has been sub-contracted the detailed engineering works by Matrix Construction, the EPC contractor. The works on Bab and Asab fields comprise of planned modifications and improvements on non-associated gas facilities.

Penspen Announces Executive Appointments

Penspen appointed four key members to its team, as part of its ongoing expansion in the Americas region. Dirk van Oostendorp joins as director of integrity, Americas, to lead the growth and development of Penspen's integrity offering throughout the region. He has more than 30 years' international oil and gas project experience, comprising infrastructure design and construction, as well as integrity and risk analysis. Gordon Jones has been appointed as engineering manager, Americas, and will be responsible for the newly started engineering and project management business across the region. Gordon has 40 years' engineering procurement and construction management experience across upstream and downstream sectors and pipeline projects, with 25 years in senior management roles. With more than 40 years' engineering, procurement and construction experience, Andrew Trevino joins the company as project manager. His background is in oil and gas, LNG, LPG and chemicals (including CO2). Penspen has also appointed a new business development director, Bill Washington. Bill will be responsible for the management and coordination of business development activities and will support the expansion of the firm's engineering and project management services across the energy markets in North and South America. Bill joins Penspen from WorleyParsons, where he was responsible for business development activities for pipelines and unconventional oil and gas in North America.

Penspen Wins Contract to Perform Engineering Study for Offshore Field Development in Nigeria

Penspen has secured a contract with Sirius Group to conduct an engineering study for the monetization of gas reserves from oilfields in offshore Niger Delta. The study will be carried out as part of the $1.2 billion Project Dawn project. Under the agreement, Penspen will develop gas reserves of the OML 122 field which is located in the offshore Niger Delta region 40km from the coastline of Southern Nigeria. The three-year development project, Project Dawn will include construction of a pipeline network to deliver natural gas to the Escravos - Lagos Pipeline System (ELPS), which was designed and constructed more than two decades ago. Penspen will carry out the study to determine the extent of new pipeline and facilities that are needed and quantify the overall investment that is required to proceed with the project. The project will include assessment of the OML-122 field development, subsea gas pipeline, and an onshore central processing facility. The gas produced from Project Dawn will be used to feed power plants, as well as various industrial applications in Nigeria.

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Recent Private Companies Transactions

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