Plexus Bags Additional Order from Centrica

Plexus Holdings PLC, the owner of the proprietary POS-GRIP® friction-grip method of wellhead engineering, has received an additional purchase order from Centrica Energy Exploration and Production (‘Centrica’) to supply surface wellhead and mudline equipment services for an exploration well in the Southern North Sea, offshore UK.

The value of the order is estimated at approximately £600,000 with revenues expected to commence shortly.

Under the terms of the contract, which is expected to have a duration of 60 days, Plexus will supply its 20″ x 12-3/8″ adjustable surface wellhead and mudline systems for use on the Grove Deep 49/10a-GD.

Plexus has a long standing relationship with Centrica having provided the operator with equipment for use on a number of exploration and appraisal wells in the North Sea including the recent Grove Infill and Pegasus West wells.

Plexus CEO Ben Van Bilderbeek said, “It has always been our belief that once an operator places an initial order for our best in class wellhead equipment, the superior qualities of our POS-GRIP® technology in terms of performance, reliability and safety would lead to follow-up work, as today’s contract with Centrica shows.  Over the years we have now supplied Centrica with our wellhead equipment for a range of wells operating in conditions ranging from standard pressure to high pressure/ high temperature environments.

“At a time when operators are exploring for hydrocarbons in increasingly difficult conditions, while having to meet higher regulatory safety parameters on the one hand, and the need to control costs on the other, we strongly believe Plexus’ equipment resonates with the times as we can deliver on both these objectives.  We are therefore highly confident that the momentum behind our core wellhead rental business will be maintained, as more and more operators experience for themselves the unique operational and cost benefits Plexus’ wellhead equipment offers.”

Press Release, July 21, 2014

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6th Offshore Well Intervention Conference Gulf of Mexico

The Offshore Well Intervention Gulf of Mexico conference (OWI GOM) is returning to Houston, Texas for its sixth year on Wednesday 20 – Thursday 21 November.

Featuring Anadarko, BP, Shell, Chevron, BHGE and Oceaneering, the conference aims to help operators transition to the latest compliance updates, WI systems and business models that enhance safety, quicken well access and improve commerciality.

Across two days, more than 200 delegates, 15 exhibitors and 30 speakers will network together and create solutions to some of the most pertinent industry challenges right now, through a conference programme focused on:

  1. Clarifying compliance updates
  2. Quicker well access and safer well control
  3. ​Understanding HPHT well intervention (systems)
  4. Forecasting well intervention activity, discussing new commercial models and comparing platform options
  5. Best practice riserless well intervention
  6. ​The latest well intervention equipment

For registration, speaking or sponsorship enquiries contact Abigail Clifton on aclifton@offsnet.com; +44 (0) 203 793 8800.

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