Plexus Wins GBP200,000 Agreement With BG Egypt

Source: www.gulfoilandgas.com 4/11/2011, Location: Africa

Plexus Holdings PLC, the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP friction-grip method of wellhead engineering, has signed an agreement with BG Egypt, a division of BG Group plc ('BG Group'), a leading oil and gas operator in the global energy market, to supply its POS-GRIP 10,000 psi wellhead system with mudline suspension system for exploration activities offshore Egypt at BG Egypt's Zonda well. The value of the contract is approximately 200,000 with revenues expected to commence in August 2011.

This contract win extends Plexus' working relationship with BG Group, having previously worked together in the North Sea. As a division, BG Egypt is another new customer for the Company and leads on from previous contracts with BP Egypt, GDF SUEZ Egypt, and Shell Egypt in the country. The Board believes this agreement further strengthens Plexus' presence and reputation in the region as it continues to establish POS-GRIP wellhead technology, known for its safety, time and cost saving capabilities, as the future industry standard for wellhead design.

Plexus CEO Ben van Bilderbeek said, "We are delighted to have secured a further contract with BG Group as we aim to extend our global reach and strengthen our position as a leading supplier of superior wellhead equipment in the Egyptian market. This is the Company's third new customer win of the year, and fourth customer in Egypt, and the Board is confident that with further contracts in the pipeline and such initiatives as our POS-GRIP friction-grip subsea 'HGSS' wellhead gaining traction within the oil and gas industry, 2011 is set to be a successful year for Plexus."


Egypt >>  9/15/2021 - Pharos Energy plc is pleased to announce that the Pharos Group has entered into conditional agreements for the farm-out and sale of a 55% working inte...
Libya >>  9/3/2021 - Petrofac has secured a contract valued at over US$100 million with Zallaf Libya Oil & Gas Exploration and Production Company, to deliver their Erawin ...

Related Categories: Downhole Completion Equipment  Downhole Drilling Tools  Downhole Survey  Earth Resistivity Meters  General  Line Locators/Electro-Magnetic  Seismic Energy Sources  Seismographs  Sensors  Well Logging  Well Testing Equipment 

Related Articles: Downhole Completion Equipment  Downhole Drilling Tools  Downhole Survey  Earth Resistivity Meters  General  Line Locators/Electro-Magnetic  Seismic Energy Sources  Seismographs  Sensors  Well Logging  Well Testing Equipment 


Gulf Oil and Gas
Copyright 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.