Plexus Holdings, an oil and gas engineering services business, has entered into a new four-year contract with Maersk Oil North Sea UK for the provision of wellhead, mudline suspension systems and associated services.
Plexus said on Monday that the initial purchase order is to prepare and provide POS-GRIP HPHT Surface Wellhead systems and Tersus mudline suspension equipment on a stand-by basis ready to mobilize in the event of a relief wells needing to be drilled during the development of Maersk Culzean platforms.
Revenues are expected to start during the next Plexus financial year. Plexus added that the contract further provides for the supply of additional exploration wellhead equipment for future appraisal wells in the Culzean area during the contract term, and provides for a one year extension.
Plexus CEO, Ben Van Bilderbeek , said, “This is a fantastic contract for Plexus which will help to underpin our future revenues, as well as delivering the opportunity for further exploration well business with Maersk. It is also fitting that Plexus has been awarded this contract for the high profile Culzean development, as we were involved in the initial exploration wells with Maersk in the Culzean field.”