Plexus Holdings PLC – the contract awards just keep on coming
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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