Engineering services firm Plexus Holdings has picked up its first order with Italy's ENI for work offshore Australia.
The contract, worth about £280,000, is with ENI's Australian subsidiary and is for the supply of 10,000psi POS-GRIP wellhead technology with mudline casing support and services, initially for one exploration well.
The contract includes an option which could add a further three wells, with an additional estimated value of £1 million.
The deal is the first for Plexus through a licensing, manufacturing, distribution, and agency agreement with Italyian firm Breda Energia.
The agreement granted Breda with exclusive rights to manufacture, rent, sell and service POS-GRIP exploration and production wellheads and other related POS-GRIP products exclusively to ENI.