Palmer International Partnership LLP was named Energy Consultancy of the Year (performance improvement) in the Petroleum Economist Awards 2016 for the second consecutive year.
Managing partner Nick Palmer was presented with the award by Petroleum Economist Managing Editor Michael McCaw at a gala dinner, held at the Banking Hall in the City of London.
The awards celebrate the people, companies and projects which epitomise the best in the energy industry. In the Energy Consultancy of the Year category, the focus is on “delivering excellent strategic or operational advice, to deliver measurable improvement in performance”.
Palmer International Partnership’s expertise in helping hydrocarbons companies to get the best performance from their facilities clearly impressed the judging panel of Abdalla El Badri, former Secretary General of Opec; Torstein Indrebø, Honorary Secretary General of the IGU; and Malcolm Graham Wood, Founding Partner of HydroCarbon Capital. In particular, the company’s achievement in improving the economic viability of a world-scale naphtha cracker. By improving the planned design to deliver an increased EBITDA of $140m per year. The lead bank and investors deemed this sufficient to validate the project’s economic viability.
“We are obviously proud to win such a prestigious award for the second consecutive year,” said Nick. “It is a recognition of the quality of work delivered by my team and gives us the motivation to continue adding value to the industry”