Plexus nets North Sea well order from Centrica Plc

3/27/2014

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.

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