Gulf Oil and Gas accountACCOUNT

New Customer SCEPCO POS-GRIP Rental Contract Win

Source: www.gulfoilandgas.com 5/21/2014, Location: Asia

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, known for its safety, time and cost saving capabilities, announces it has received a Letter of Award for its first contract with Shell China Exploration and Production Company Limited (SCEPCO), a subsidiary of Royal Dutch Shell plc ('Shell'). The contract, which is subject to finalisation of terms, is for the supply of 15,000psi high pressure high temperature ('HP/HT') POS-GRIP wellhead technology with mudline casing support and associated services, initially for one well exploring for gas offshore Hainan Island, China. Revenues from this contract are expected to commence during the next financial year.

This is Plexus' first contract with SCEPCO which was secured through Plexus' Singapore subsidiary, and also the first to be awarded in the region which marks a significant step for the Company as it continues to expand its global reach. In the past Plexus has secured contracts with other subsidiaries of Shell, and therefore the addition of SCEPCO to its client base, particularly in Asia, is welcomed.

Plexus' CEO Ben Van Bilderbeek said, "This is a breakthrough contract for Plexus Singapore, one which will see us supply our proven wellhead equipment for the first time to an established international operator in this important new country. Though we haven't previously worked with SCEPCO, we have secured and fulfilled contracts with other Shell subsidiaries in other parts of the world. This contract is particularly exciting to us as it supports our strategic decision to establish and support an Asian sales and service hub following the recent establishment of Plexus subsidiaries in Malaysia and Singapore. This initiative is in line with our strategy to expand beyond the North Sea where we have a dominant market share supplying HP/HT equipment, as we continue to pursue our goal of establishing Plexus as a leading global supplier to the oil and gas industry."

Process Technology Licensing News in China >>

United States >>  12/12/2019 - McDermott International, Inc. has been awarded a sizeable* technology contract for Next Wave Energy Partners, LP's grassroots alkylate production faci...
Turkey >>  12/3/2019 - LyondellBasell (LYB) announced that Ceyhan Polipropilen Uretim A., a joint venture between R?nesans Holding and Sonatrach S.p.A., has selected Lyondel...

United Kingdom >>  12/2/2019 - In a world-first, Rovco has launched “SubSLAM Live” a 3D Streaming technology which allows clients to video and live stream 3D underwater pointclouds ...
Denmark >>  11/25/2019 - Total E&P Danmark A/S has awarded Emerson a contract to provide wellhead pressure monitoring technology to enhance safety during the multi-year redeve...

Germany >>  11/20/2019 - KBR (KBR) has been awarded a contract for its PLINKE Hydrochloric Acid Purification technologies by Italmatch Deutschland GmbH for its phosphorous aci...
United States >>  11/19/2019 - Honeywell announced that Enterprise Products Partners LP will use Honeywell UOP’s C3 OleflexTM technology in its second propane dehydrogenation plant,...

Related Categories: Consultancy  Engineering  FEED  General  Maintenance and Repair  Process Technology Licensing  Production Engineering  Project & Resource Management 

Related Articles: Consultancy  Engineering  FEED  General  Maintenance and Repair  Process Technology Licensing  Production Engineering  Project & Resource Management 


China Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 |

More News

Related Links

Gulf Oil and Gas
Copyright © 2019 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.