Oil and gas engineering services business Plexus Holdings has announced an agreement to renew for an additional three years a supply contract with Wintershall Noordzee for surface wellhead and mudline equipment services in the Dutch North Sea.
Plexus, which is the;owner of the proprietary POS-GRIP friction-grip method of wellhead engineering,will initially supply its 10,000psi POS-GRIP wellhead systems for two wells that will be operating at pressures of up to 3500 psi.
The initial contract revenues are expected to start in Q4 2014.
Plexus CEO Ben Van Bilderbeek said: “We are delighted to have renewed this contract with Wintershall for the supply of our pioneering POS-GRIP wellhead systems known for safety, time and cost saving benefits. Having worked together since 2009, Wintershall is a long-standing and valued customer. We believe due to the increased level of activity in the Dutch North Sea region, this renewed contract will bring further wellhead supply opportunities for both our standard pressure, and potentially for the first time High Pressure / High Temperature wellhead rental supply. With this in mind, I look forward to providing updates on our progress in due course.”