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Plexus wins £3m deal from Maersk

Plexus wins £3m deal from Maersk
PLEXUS Holdings, an Aberdeen-based oil and gas engineering service business, said yesterday it had won a deal worth an initial £3million with Maersk Oil North Sea.

PLEXUS Holdings, an Aberdeen-based oil and gas engineering service business, said yesterday it had won a deal worth an initial £3million with Maersk Oil North Sea.

The contract is for three years, with a further two-year option clause.

It covers the supply of Plexus’s high-pressure/ high-temperature POS-GRIP wellhead technology, casing support and mudline suspension services to Maersk for exploration programmes in the UK North Sea.

The value of the contract is estimated at £3million with revenue to Plexus starting in May, but this could increase if Maersk takes up its option should further exploration work be required.

Maersk will explore a minimum of two wells in the UK’s central North Sea.

This agreement marks a continuing working relationship.

Plexus chief executive Ben van Bilderbeek said: “We are delighted to have captured yet another significant contract in the North Sea market.

“Maersk Oil first became a customer in 2006 and we hope to further strengthen this partnership over the duration of this contract to become Maersk Oil’s wellhead supplier of choice in the North Sea.”

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