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Plexus receives £1.9 Million POS-GRIP well order in the North Sea


Published Nov 25, 2014
Plexus Holdings PLC

Plexus Holdings has received a purchase order ('PO') from a major oil and gas operator to supply surface wellhead and mudline equipment services for a gas and condensate exploration well in the UK Continental Shelf in the North Sea. The value of the order is estimated at approximately £1.9 million with revenues expected to commence in November 2014.

Under the terms of the contract, which is expected to have a duration of 150 days, Plexus will supply its 18-3/4" 15,000psi High Pressure/High Temperature ('HP/HT') adjustable surface wellhead and mudline casing support systems. Plexus has a long-standing relationship with this client who was the first to use the Company's 18-3/4" 15,000psi HP/HT wellhead on the Norwegian Continental Shelf.

Tags: Plexus Holdings PLC




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