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.”