Penspen, a major provider of engineering and project management services, has announced a record year, securing $500 million in new contract awards in 2025, up 120% over the previous year.

This was mainly driven by strong growth across the Middle East, Africa, Europe and the Americas markets, supported by major energy infrastructure and energy transition programmes.

The milestone reflects a year of strong global performance across engineering, project management consultancy (PMC) and asset integrity services, supporting national oil companies, utilities and infrastructure developers on complex energy projects worldwide.

Penspen’s record year was underpinned by growth and delivery across its key operating regions lead by Middle East and Africa where it snapped up 65 new contracts worth $456 million, spanning project management supervision and consultancy services, FEED, detailed design and integrity assessment.

In the Kingdom of Saudi Arabia alone, it clinched 12 new agreements covering studies, FEED, detailed design and project management supervision services.

Middle East the strategic growth engine 

The Middle East continued to be a cornerstone market for Penspen last year, with the UAE remaining its largest and most strategic country of operation, supported by deep engagements across the ADNOC Group.

During the year, Penspen secured and executed multiple high-value PMC assignments supporting critical gas infrastructure, including LNG pre-conditioning, compression facilities, utilities and production enhancement programmes, alongside multiple offshore and onshore PMC packages.

The breadth and scale of delivery across ADNOC Gas, Offshore, Onshore, Distribution and downstream entities firmly establish Penspen as one of the ADNOC Group’s top-20 energy sector contractors operating in the UAE.

In Saudi Arabia, Penspen continued to build momentum through its selection under a framework with ENOWA, executed through a joint venture with Dar Al Handasah and in collaboration with Technip, positioning the group at the heart of Saudi futuristic city NEOM’s next-generation energy and water infrastructure.

On the solid performance, CEO Peter O'Sullivan said: "2025 was a year marked by scale, complexity and geographic reach for Penspen, reinforcing our position as a trusted engineering, project management and asset integrity partner to national oil companies, utilities and infrastructure developers."

"With cumulative contract awards of $500 million, 2025 stands out as one of the strongest commercial and delivery years in Penspen’s history," he stated.

"While we continued to build momentum across Europe and the Americas - particularly in energy transition - our performance was anchored by exceptional delivery in core markets where demand for large-scale, complex energy infrastructure remains strong. This record year has been driven by our people’s unwavering commitment to quality delivery; in 2025, our headcount increased to over 1,700 talented people, with new offices opened in Aberdeen and Bogota," he added.

Neale Carter, Executive Vice President, MEA and Asia Pacific Regions, said: "The Middle East was the single largest contributor to Penspen’s growth in 2025, accounting for the majority of our contract awards and reinforcing the region’s role as a strategic engine for the business."

“Our long-standing relationships across the UAE and Saudi Arabia, combined with our ability to deliver complex PMC, gas and LNG infrastructure programmes at scale, continue to differentiate Penspen in a highly competitive market. With sustained investment across gas, energy security and transition-linked infrastructure, we see significant opportunity to build on this momentum in the years ahead.”

Energy transition momentum up in Europe 

In the UK and Europe, Penspen continued to grow its energy transition order book through hydrogen, CO₂ and green ammonia projects, supporting the development of lower-carbon infrastructure at scale. 

Penspen said it had secured 177 new contracts worth $16 million in UK and Europe, including fuelling terminal operations, pipeline maintenance and inspection, hydrogen repurposing and blending, carbon capture studies, gas compression upgrades and pipeline diversions.

This included two major contract wins: United Infrastructure’s Liverpool Bay project, where Penspen is delivering detailed engineering design for the development of onshore CO₂ pipelines and above-ground installations to the Liverpool Bay CCS Storage Facility, and the Trans Adriatic Pipeline, where Penspen is supporting one of Europe’s most strategic energy infrastructure assets through hydrogen repurposing assessment and gap analysis services.

Across the Americas, it had seals 54 new contracts worth $5 million, including pipeline fitness-for-service, electrical interference and cathodic protection studies, gas pipeline project management, production operations support and environmental testing.-TradeArabia News Service