Plexus Holdings wins £0.9m services contract with Det Norske
Oil and gas engineering services business Plexus Holdings has won a £0.9m contract with Det Norske Oljeselskap ASA to supply surface wellhead and mudline equipment services for its offshore well in Norway.
Under the contract, Plexus will provide services to the Geopilot number 2 oil and gas appraisal well on the Ivar Aasen development project.
Plexus chief executive Ben Van Bilderbeek said: "Geopilot number 2 is the third order we have received for our best in class wellhead equipment for wells offshore Norway during the 2014 calendar year, evidence of the key role Plexus is playing in an area experiencing heightened levels of activity.
“We are also looking to replicate our success in the North Sea in other geographies, in line with our strategy to build a leading global wellhead engineering company. This is evidenced by our move into Asia where we are establishing a fully operational business hub to supply our POS-GRIP wellhead equipment and services to the region's fast-growing oil and gas exploration and production markets.”
As of 11:45 on Friday, the group’s share price had risen 0.10% to 248p per share.