Plexus Holdings PLC, the oil and gas engineering services business and owner of the proprietary POS-GRIP® friction-grip method of wellhead engineering, has announced a new order worth £1.3 million from BG International Ltd.
BG International, a wholly owned subsidiary of BG Group plc, has asked Plexus to supply its 20,000 psi extreme high pressure and high temperature (‘X-HP/HT’) POS-GRIP wellhead technology for gas exploration drilling operations in the North Sea.
Revenues from the contract are expected to commence in November 2012.
This order follows on from a five year framework agreement signed between the two companies in 2006 which saw Plexus develop and supply BG International with 20,000 psi X-HP/HT POS-GRIP wellhead technology.
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