New order for wellhead engineering firm

Paul Boughton

Plexus Holdings has announced that it has secured a new well order to supply its POS-GRIP surface exploration wellhead equipment and services under an existing contract with leading oil and gas company Centrica Energy Norway. The value of the order is estimated at approximately £900,000 with revenues expected to commence immediately.

Plexus is supplying its POS-GRIP 18-3/4” surface wellhead system for a low-pressure (5,000 psi) exploration well and mudline suspension system. The new well order, for oil exploration activities offshore Norway, is the company’s third project with Centrica under its existing contract as announced on 7 October 2013. This contract was recently extended to 28 February 2015, and this well order is the first under the extension.