Oil and gas engineering firm Plexus Holdings said yesterday it had won a £1.9million order from a major oil and gas operator to supply equipment for a gas and condensate exploration well in the UK North Sea.
Aberdeen-based Plexus did not reveal the customer’s identity but said it was a long-standing client.
Plexus will supply high pressure/high temperature (HT/HP) adjustable surface wellhead and mudline casing support systems under the new contract, which is expected to have a duration of 150 days.
Chief executive Ben Van Bilderbeek said: “This new order coming on the back of last month’s order from BG Group demonstrates that from a dominant position in the HP/HT market, our core wellhead equipment rental business – based on our proprietary Pos-Grip technology – continues to win repeat business from customers operating in the North Sea.”
Plexus, which employs about 40 people, has estimated the potential global market for its Pos-Grip technology at more than £1.1billion a year.
Recommended for you