Oil field technology firm Plexus Holdings said yesterday it had won a contract extension in the North Sea worth £1.5million.
The Aberdeen firm said the deal would see it extend an existing three-year deal with Maersk Oil North Sea UK by two years.
This will see the AIM-listed firm continue to supply its high pressure/high temperature POS-GRIP wellhead technology, casing support and mudline suspension services on one of Maersk’s exploration programmes.