TPi March 2016

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business & market news
Penspen awarded contracts
Penspen, a provider of engineering and
management services to the energy
industry, has been awarded a contract
worth $4.3mn from Gas Transmission
Company Limited (GTCL), under the
Ministry of Power, Energy and Mineral
Resources of Bangladesh.
The contract is for the Dhanua-Elenga
and West Bank of Bangabandhu
Bridge–Nalka gas transmission pipeline
located in Bangladesh. Work on the
67km 30" high-pressure gas pipeline will
commence in 2016-17.
Penspen will be involved in all aspects
of engineering and project management,
which will include design of the pipeline,
stations and related facilities, preparing
bidding documents and evaluating bids,
and project management of construction.
The project will be executed by Penspen’s
team in London, and will be supported
by engineering company BETS, which
will be undertaking environmental
studies and providing all on-site
construction activities. Penspen CEO
Peter O’Sullivan said, “We are excited
to be part of a major project designed to
help enhance natural gas infrastructure
in Bangladesh. Penspen has previous
experience working in the country and
we are pleased to have been selected
by GTCL as we continue to grow and
expand in the region. Penspen has a
strong history in providing engineering,
project management, asset management
and integrity services to the oil and gas
industry for more than 60 years.”
Penspen has also been awarded a
contract from Sirius Group to conduct an
engineering study for the monetisation of
gas reserves from oilfields offshore Niger
Delta. A key element of this agreement
is the development of gas reserves
of the OML 122 field, located in the
offshore Niger Delta region 40km from
the coastline of Southern Nigeria. The
study is being conducted as part of
Project Dawn, a three-year development
project worth US$1.2bn that includes
the construction of a pipeline network
to deliver natural gas to the Escravos–
Lagos Pipeline System (ELPS), which
was designed and constructed under
the supervision of Penspen more than
two decades ago. The gas from Project
Dawn will feed power plants and different
industrial applications in Nigeria. The
project will include an evaluation of the
OML-122 field development, subsea gas
pipeline and onshore central processing
facility.
Penspen ltd – UK
Peter O’Sullivan, CEO of Penspen
+44 (0) 121 665 3900
+44 (0) 121 665 3909