Plexus has won a four year deal from Maersk for work in the North Sea.
The service firm was a awarded a contract on the Culzean field.
The deal includes the provision of wellhead, mudline suspension systems and associated services. The initial purchase order is to prepare and provide POS-GRIP® HPHT Surface Wellhead systems and Tersus™ mudline suspension equipment on a stand-by basis ready to mobilise in the event of a relief wells needing to be drilled during the development of Maersk Culzean platforms.
Chief executive Ben Van Bilderbeek said: “This is a fantastic contract for Plexus which will help to underpin our future revenues, as well as delivering the opportunity for further exploration well business with Maersk. It is also fitting that Plexus has been awarded this contract for the high profile Culzean Development, as we were involved in the initial exploration wells with Maersk in the Culzean field.”
The contract also includes the supply of additional exploration wellhead equipment for future appraisal wells in the Culzean area during the contract term and has a one-year extension.
Revenues are expected to commence during the next Plexus financial year.
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