TPi March 2016

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. 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.”

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, CEO of Penspen

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 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–

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