Further Four Year Contract Win with Brunei Shell Petroleum Sdn Bhdfor Plexus' POS-GRIP Wellhead Systems

摘要

Plexus Holdings PLC, owner of the proprietary POS-GRIP~R friction-grip method of wellhead engineering, recently announced a four year contract to supply wellhead and mudline equipment to Brunei Shell Petroleum Sdn Bhd ('BSP'). Under the terms of the contract, which are subject to finalisation. Plexus will supply both high pressure/high temperature ('HP/HT') and standard pressured wellhead and mudline systems and services, using the company's POS-GRIP technology, for a multi-well exploration programme in Brunei. The value of the initial contract is estimated to be worth approximately ￡2 million over the next 18 months, dependant on the number of wells drilled.