Oil and gas engineering and services business Plexus has secured an additional purchase order (PO) from Centrica to supply surface wellhead and mudline equipment services for a gas appraisal well in the southern North Sea.
The order value is estimated at approximately £900,000, with expected duration of 100 days and revenues commencing in April 2014.
Go deeper with GlobalData
Plexus will supply its 18.75in adjustable surface wellhead and mudline systems, which will be used on the Pegasus West appraisal well, under the terms of the contract.
Plexus’ wellhead equipment provides a metal to metal annular seal, which is said to be Centrica’s key requirement.
Previously, Plexus provided Centrica with equipment for use on its first well drilled offshore Norway.
See Also:
Plexus CEO Ben Van Bilderbeek said: "We view this excellent start to the current calendar year as further evidence that our best in class wellhead equipment in terms of performance, safety and reliability is increasingly gaining traction among leading operators."
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataIn order to support its expansion into Asian markets, the company has come up with new initiatives, such as the establishment of a sales and services hub in Singapore.
Plexus owns the POS-GRIP friction-grip technology, which delivers significant time and operational cost savings to operators.
The POS-GRIP wellhead systems have been used or selected to be used in more than 300 oil and gas wells by various global companies.
.gif)
