Plexus Holdings Secures ￡550K HP/HT Contract with BG Egypt

摘要

Plexus Holdings PLC, the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP~R friction-grip method of wellhead engineering, has agreed a contract with BG International Limited Egypt Branch -BG Egypt, a division of BG Group plc, to supply its POS-GRIP High Pressure High Temperature (HP/HT) wellhead system for exploration activities offshore Egypt on its Notus well. The value of the contract is said to be worth approximately ￡550,000 with revenues expected to start in the first and second quarters of 2012.