Penspen provides engineering and project management services for the development of new pipelines, pump or compressor stations, tank farms and similar facilities.
More recently it has expanded into operating and maintaining oil and gas assets such as offshore platforms, onshore fields, pipelines, tank farms and gas storage.
The company has expanded its operations in the Americas where its US subsidiary operates many of the recently developed shale gas fields, offshore platforms in the Gulf of Mexico and is a consortium member on a $US1.3 billion contract for Pemex in Mexico.
In the Middle East, along with work on the Abu Dhabi Crude Oil Pipeline, the company is providing project management services to Khafji Joint Operations for the multi-billion dollar development of the Khafji Field facilities.
In the Asia- Pacific region, Penspen is engineering and managing projects in Vietnam, Thailand, Indonesia, and Australia and in Europe Penspen is providing the lead engineering role for the development of the 3,300 km Nabucco Pipeline planned to bring natural gas from the Caspian Region to Western Europe.
Penspen Group Chief Executive Officer David Stanley said “The Queen’s Award for Enterprise 2010 is the most prestigious recognition of our staff and their work.”