Penspen are proud to report a successful start in 2022 as we continue build on a strong performance from last year with reports of over $25m worth of new contracts secured during the first quarter of 2022.
Strong demand in the market for Penspen’s energy engineering services and for its extensive experience are driving this strong sales performance. Increased investment in energy infrastructure as a result of higher energy prices, as well as growing investment in planning for the energy transition to achieve Net Zero by 2050, means that many operators and utilities are turning to Penspen to help them improve access to safe and sustainable energy for the communities that they serve.
“We have decades of experience which is highly relevant to the challenges that our clients are currently facing as they switch to delivering lower carbon energy for their customers, whether its building new infrastructure to deliver natural gas for power generation or repurposing existing pipeline networks for use with hydrogen” said Peter O’Sullivan, Penspen CEO. “These sales results are a reflection of the trusted relationships we have built with many long-term clients over the years as we help them address these challenges.”
“It has been a challenging marketplace for everyone, but the team has done an outstanding job in continuing to grow the company, thus enabling us to continue delivering value to our clients,” added Neale Carter, Executive Vice President for the Middle East, Africa and Asia Pacific Regions. “The Middle East is a key market for us and the majority of the new contracts in the region are medium and long-term, demonstrating the faith our clients and partners have in us. I have no doubt, regardless of where our teams operate, they will deliver the high-quality services that Penspen have historically produced.”
Penspen’s market-leading energy consultancy services will be deployed to provide operational and technical performance gains for clients, partners, and people across the globe, including a major Middle East NOC, regional companies in the UK, Europe, US and Latin America, to several multi-national organisations:
- 15+ new contracts in the UK and Europe across the Asset Integrity, Asset Management, and Engineering & Project Management service lines.
- 8+ new contracts in the Middle East across the Project Management Consultancy, Engineering, and Asset Integrity service lines.
- 2 new Asset Integrity contracts in Latin America, one of which spans over 3 years.
