Oil and gas engineering services business Plexus Holdings has secured a contract award for Exact and Centric equipment for a plug and abandonment (P&A) project secured through its licensor SLB for a North Sea operator.
The order includes the provision of Exact adjustable wellhead system and Centric mudline tooling for the North Sea P&A project.
The P&A work will take place in the fourth quarter of the year and is expected to generate equipment rental revenues for Plexus in the region of £100,000.
According to Plexus, this collaborative work is an important milestone as it further builds on the ongoing relationship between the two companies.
“Our continued growth into the expanding P&A market is highly encouraging particularly as this project utilises the Exact and Centric technology specifically designed to provide the safest and quickest tieback and drilling solutions for not only these types of P&A wells, but also exploration and appraisal wells,” said Plexus’ CEO Ben Van Bilderbeek .
“The contract is also an excellent example of the continued collaboration between SLB and Plexus where we believe that SLB recognises Plexus capabilities in Adjustable Wellhead and Mudline projects. We are confident that further opportunities for similar work will arise in the future.”
Speaking about other company-related news, Plexus Holdings announced earlier this month that it had completed work for the P&A equipment and services campaign for Oceaneering.
The equipment was deployed from a vessel in the North Sea and guided by a remotely operated vehicle (ROV) to attach to well conductors to facilitate P&A work on the well and closed-loop circulation of well fluids.