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Plexus signs £0.9m well order with Centrica Plc


Published Mar 26, 2014
Plexus Holdings PLC

Plexus Holdings PLC has received an additional purchase order ('PO') from Centrica Plc ('Centrica') to supply surface wellhead and mudline equipment services for a gas appraisal well in the Southern North Sea. The value of the order is estimated at approximately £900,000 with revenues expected to commence in April 2014.

Under the terms of the PO, which is expected to have a duration of 100 days, Plexus will supply its 18-3/4' adjustable surface wellhead and mudline systems for use on the Pegasus West appraisal well. Plexus' wellhead equipment was selected for Pegasus West as it provides a metal to metal annular seal which was a key requirement of Centrica. Plexus has a long standing relationship with Centrica having provided the operator with equipment for use on its first well drilled offshore Norway.

Tags: Centrica plc, Plexus Holdings PLC




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