Calendar An icon of a desk calendar. Cancel An icon of a circle with a diagonal line across. Caret An icon of a block arrow pointing to the right. Email An icon of a paper envelope. Facebook An icon of the Facebook "f" mark. Google An icon of the Google "G" mark. Linked In An icon of the Linked In "in" mark. Logout An icon representing logout. Profile An icon that resembles human head and shoulders. Telephone An icon of a traditional telephone receiver. Tick An icon of a tick mark. Is Public An icon of a human eye and eyelashes. Is Not Public An icon of a human eye and eyelashes with a diagonal line through it. Pause Icon A two-lined pause icon for stopping interactions. Quote Mark A opening quote mark. Quote Mark A closing quote mark. Arrow An icon of an arrow. Folder An icon of a paper folder. Breaking An icon of an exclamation mark on a circular background. Camera An icon of a digital camera. Caret An icon of a caret arrow. Clock An icon of a clock face. Close An icon of the an X shape. Close Icon An icon used to represent where to interact to collapse or dismiss a component Comment An icon of a speech bubble. Comments An icon of a speech bubble, denoting user comments. Ellipsis An icon of 3 horizontal dots. Envelope An icon of a paper envelope. Facebook An icon of a facebook f logo. Camera An icon of a digital camera. Home An icon of a house. Instagram An icon of the Instagram logo. LinkedIn An icon of the LinkedIn logo. Magnifying Glass An icon of a magnifying glass. Search Icon A magnifying glass icon that is used to represent the function of searching. Menu An icon of 3 horizontal lines. Hamburger Menu Icon An icon used to represent a collapsed menu. Next An icon of an arrow pointing to the right. Notice An explanation mark centred inside a circle. Previous An icon of an arrow pointing to the left. Rating An icon of a star. Tag An icon of a tag. Twitter An icon of the Twitter logo. Video Camera An icon of a video camera shape. Speech Bubble Icon A icon displaying a speech bubble WhatsApp An icon of the WhatsApp logo. Information An icon of an information logo. Plus A mathematical 'plus' symbol. Duration An icon indicating Time. Success Tick An icon of a green tick. Success Tick Timeout An icon of a greyed out success tick. Loading Spinner An icon of a loading spinner.

Updated: Plexus teams up with valve maker for Dyce-based venture

Plexus
Ben Van Bilderbeek, Plexus chief executive

Dyce-based oil-well technology firm Plexus and a Newcastle valve maker have formed a joint venture to supply equipment North Sea operators are “crying out for”.

The link-up with BEL Valves means Plexus can offer a complete package of wellhead and “tree” equipment for production wells for the first time.

Plexus owns 51% of the joint venture, called Plexus Pressure Control (PPC), and BEL has 49%.

Plexus will control the intellectual property and take responsibility for marketing PPC’s products, which will be designed and built at its base in Dyce.

Dedicated, full-time staff will be hired for PPC once the venture generates some orders.

Until then, existing staff members at Plexus and BEL will get the enterprise up and running.

Plexus claimed the joint venture could save operators in the North Sea and further afield “tens of millions of pounds” by reducing the need for maintenance and cutting out well shut-ins.

Craig Hendrie, Plexus technical director, said both companies had strong track records of producing equipment which can go “maintenance free” for 10-15 years.

Plexus’s POS-GRIP wellhead technology has been used on more than 400 wells, while BEL has been making valves for half a century.

Mr Hendrie said customers would find it “refreshing” that a “small, innovative” company like Plexus was getting “on the case” and supplying production equipment made in north-east Scotland.

He said operators were “frustrated” by larger oilfield service firms’ tendency to become “globalised” – manufacturing and supplying equipment from all over the planet.

PPC will tick the boxes for customers who need production quickly and sometimes in smaller quantities, Mr Hendrie said.

He also said Plexus would benefit from being able to fulfil clients’ desire for complete packages of surface production equipment, rather than just selling wellheads.

Plexus chief executive Ben van Bilderbeek agreed, adding: “The formation of PPC enables Plexus to supply Christmas trees as part of a package solution for the first time.

“It is a key step in our company’s evolution and ambition to provide the industry with wellheads and associated products, which are gas tight and methane leak free.”

BEL Valves’ chief executive Bruce Heppenstall said: “Our valves and Plexus’ wellhead systems are an excellent fit.

“Both deliver the highest standards in performance, reliability and safety and both have a proven track record in operating in extreme high pressure, high temperature environments.”

More from Energy Voice

Latest Posts