Aberdeen engineering firm Plexus Holdings has renewed its supply contract with North Sea operators Wintershall.
Plexus’ contract, to supply Wintershall with surface wellhead and mudline equipment services for its exploration activities in the North Sea, has been extended for three years.
Under the contract, Plexus will initially supply its 10,000psi POS-GRIP wellhead systems for two wells operating at pressures of up to 3,500psi.
Initial contract revenues are expected to start in the fourth quarter of the 2014 financial year.
“Having worked together since 2009, Wintershall is a long-standing and valued customer,” said Plexus chief executive Ben Van Bilderbeek.
“We believe due to the increased level of activity in the Dutch North Sea region, this renewed contract will bring further wellhead supply opportunities for both our standard pressure, and potentially for the first time high pressure/ high temperature wellhead rental supply.”
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