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Plexus Holdings PLC – the contract awards just keep on coming

08/05/2015 · Plexus (POS) 

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​The AIM quoted oil and gas engineering services business has announced an additional purchase order with Maersk Oil’s Danish business unit to supply its wellhead system and mudline services for a well offshore in the Danish sector of the North Sea. This follows the announcement earlier this week of a contract with Premier Oil Norge.

The value of the order is estimated at approximately £1.25m with revenues commencing in May 2015. Under the terms of the contract, Plexus will supply its 18-3/4” POS-GRIP surface wellhead and mudline systems for use on the well. This is the third order under a contract signed with Maersk Oil and announced on 12 February 2014 and offers yet further evidence of the Group’s compelling well-head technology offering.

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