Plexus nets North Sea well order from Centrica Plc
ABERDEEN, United Kingdom -- Plexus Holdings PLC has received an additional purchase order from Centrica Plc to supply surface wellhead and mudline equipment services for a gas appraisal well in the Southern North Sea. The value of the order is estimated at approximately $1.5 million (£900,000) with revenues expected to commence in April 2014.
Under the terms of the purchase order, which is expected to have a duration of 100 days, Plexus will supply its 18-3/4in. adjustable surface wellhead and mudline systems for use on the Pegasus West appraisal well. Plexus’ wellhead equipment was selected for Pegasus West as it provides a metal-to-metal annular seal which was a key requirement of Centrica.