Plexus Forms Joint Venture with BEL Valves

Plexus Holdings has formed PPC, a majority owned JV which will exclusively supply Plexus with surface production Xmas trees and wellhead annulus outlet valves. 

Following the sale of its jack-up exploration wellhead rental business to TechnipFMC, the formation of PPC is in line with Plexus’ strategy of targeting high-value surface production projects where operators typically purchase wellheads as a package together with a production Xmas tree and side outlet valves.

Plexus will supply the JV with its POS-GRIP “HG” technology and products associated with Xmas trees, while BEL Valves will supply the JV with critical valve components and technology.

PPC will be based in Plexus’ facility in Dyce, Aberdeen so that all project planning, procurement and product integration work can be delivered from a single point to the customer.

Plexus’ CEO Ben Van Bilderbeek, said: “The formation of PPC enables Plexus to supply Xmas trees as part of a ‘package solution’ for the first time. It is a key step in our company’s evolution and ambition to provide the industry with wellheads and associated products, which are gas tight and methane leak free. With the long-term field history and extensive qualification testing already demonstrated with the tree and valve products which Plexus now has full access to, we are confident that we can now truly provide the complete package to our customer.”

BEL Valves’ CEO Bruce Heppenstall, said: “Our valves and Plexus’ wellhead systems are an excellent fit. Both deliver the highest standards in performance, reliability and safety and both have a proven track record in operating in extreme HP/HT environments. We at BEL Valves are looking forward to working with Plexus to offer operators a complete surface package, which we believe delivers the best solution available by far.”

Share this article

Follow Subsea World News

Events>

<< Jun 2019 >>
MTWTFSS
27 28 29 30 31 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

EXPLORATION AND PRODUCTION OFFSHORE CONGRESS HUB 2019

During the last few years Oil&Gas sector had a difficult time surviving in brutal low-price environment…

read more >

Brasil Offshore 2019

The commemorative 20th anniversary edition of Brasil Offshore will be held under the auspices…

read more >

Subsea EMEA 2019

Subsea EMEA, the elite submarine cable-focused event hosted by Capacity Media, will return for its third year situated…

read more >

9th International Conference Offshore Foundations

Offshore Foundations is a technical event for experts in the wind industry. The goal is to push forward technical development for future foundation concepts.

read more >