Penspen’s engineering, project management, asset management, asset integrity and training services honed over 60 years of work from Ghana to Myanmar
British energy services provider draws on its engineering expertise to develop Southeast Asia’s midstream gas infrastructure amid the high growth potential of floating storage and re-gasification units for LNG
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Oil and gas may be the engine driving global industry, but the sector’s supporting infrastructure is an equally crucial cog in the economic machine.
As volatile oil prices boost demand for liquefied natural gas (LNG) in Asia-Pacific, British energy services provider Penspen draws on its collective engineering expertise to develop Southeast Asia’s midstream gas infrastructure amid the high growth potential of floating storage and re-gasification units for LNG.
“Being responsive to customer needs and adapting our model accordingly is a very important aspect of our work and one of the benefits of being an independent business,” says Peter O’Sullivan, CEO.
“With 1,000 staff across the world, we may be relatively small compared to some of our clients, but we’ve experienced the challenges of working in every major oil and gas region in the world. Our clients really value that global perspective in tandem with a more personal and objective service.”
With over 10,000 projects completed in more than 100 countries, Penspen provides customised engineering solutions for a wide range of industry players including national and international oil and gas companies.
The company’s engineering, project management, asset management, asset integrity and training services have been honed over 60 years of working with clients from Ghana to Myanmar.
Penspen is adept in various technical disciplines offering clients added value – particularly in the current oil price environment.
Much of the company’s work has focused on upgrading existing facilities and improving operational efficiencies. This includes the maintenance of offshore pipelines for one of the largest oil terminals run by Pemex in Mexico.
Penspen’s Southeast Asian presence comprises a core engineering hub in Thailand, where the team works with high-profile clients such as PTT, and an office in Singapore that specialises in floating production storage and offloading – but projects are underway across Asia.
“Our approach is very much about developing long-term relationships with our clients so that we can help improve performance across the full life cycle of any asset,” O’Sullivan says.