Plexus Holdings, the oil and gas engineering services business, has announced that it has been awarded a contract with new customer Galp Energia Tarfya (‘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.
Plexus CEO Ben Van Bilderbeek said, “This contract with Galp for an exploration well offshore Morocco demonstrates our core wellhead equipment and services rental business continues to win new orders with new customers and in new territories. We are confident that the compelling combination of superior performance and cost savings that our equipment offers will see Plexus continue to build market share outside our North Sea stronghold.”