Plexus Secures Wintershall 3 Year Contract Renewal for POS-GRIP Wellhead Equipment

Plexus Holdings PLC, the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP® friction-grip method of wellhead engineering, known for its safety, time and cost saving capabilities announces that it has subject to final contract details renewed for a further three years its supply contract with leading oil and gas company Wintershall Noordzee B.V for surface wellhead and mudline equipment services for exploration activities in the North Sea, offshore the Netherlands.

Under the terms of the contract, Plexus will initially supply its 10,000psi POS-GRIP wellhead systems for two wells that will be operating at pressures of up to 3,500 psi. The initial contract revenues are expected to commence fourth quarter financial year 2014.

Plexus CEO Ben Van Bilderbeek said, “We are delighted to have renewed this contract with Wintershall for the supply of our pioneering POS-GRIP wellhead systems known for safety, time and cost saving benefits. Having worked together since 2009, Wintershall is a long-standing and valued customer. 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. With this in mind, I look forward to providing updates on our progress in due course.”

Press Release, February 10, 2014; Image: Plexus

 

Share this article

Follow Subsea World News

Events>

<< Mar 2015 >>
MTWTFSS
23 24 25 26 27 28 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

Ocean Business 2015

Ocean Business offers the visitor more than just an international exhibition. The show has an outstanding reputation for its training and…

read more >

Transnational Oil, Gas and Energy Law

Study a Unique Online Learning Programme that is Highly Relevant to Today’s International Market…

read more >

Practical AVO and Seismic Inversion with Petrel

A profitable development of an oil or gas field starts with a good understanding of the subsurface as a basis for efficient and successful…

read more >

Deepwater East & Southern Africa 2015

This event is a two-day conference & exhibition with extensive presentations on all aspects of the East & Southern Africa offshore sector…

read more >