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Plexus Holdings awarded contract with new customer Galp Energia


Published Apr 24, 2014
Plexus Holdings PLC

Plexus Holdings PLC has been awarded a contract with new customer Galp Energia Tarfya, B.V. ('Galp') to supply surface wellhead and mudline equipment services for an exploration well offshore Morocco.

The value of the contract, which sees Plexus secure a new territory and further strengthens its position in North Africa, is estimated at approximately £600,000 with revenues expected to commence in April 2014.

Under the terms of the contract, Plexus will supply its 18-3/4" POS-GRIP surface wellhead and mudline systems for use on a standard pressure 6,000 PSI exploration well.

Tags: Galp Energia, Plexus Holdings PLC




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