Plexus Holdings has entered into an exclusive licence agreement with LLC Gusar (OOO Gusar) Ltd, and CJSC Konar (ZAO Konar), two independent Russian oil and gas equipment manufacturers, to undertake the rental, manufacture and servicing of Plexus' jack-up drilling wellhead exploration equipment into the Russian Federation and the other CIS states oil and gas markets.

This Licence Agreement is a significant strategic milestone for Plexus as it continues to expand its best in class POS-GRIP wellhead equipment into major global markets by partnering with established local manufacturers and oil service providers with existing commercial relationships with key local national and international oil companies.

Tags: Plexus Holdings PLC