Business
Contract Win - Talisman Energ
Contract Win - Talisman Energ.
About this update from Plexus Holdings
[{"type":"text","content":"\n RNS Number : 5938V Plexus Holdings Plc 14 July 2009 \n \nPlexus Holdings PLC / Index: AIM / Epic: POS / Sector: Oil equipment & services\n14 July 2009\nPlexus Holdings PLC ('Plexus' or 'the Company')\n£1.5 Million New Two Year Talisman Energy Contract\n \nPlexus Holdings PLC, the AIM listed oil and gas engineering services business which supplies wellhead and mudline suspension equipment for exploration and production applications, has been awarded a contract with Talisman Energy Inc. (TSX:TLM;NYSE:TLM) ('Talisman'), an independent upstream oil and gas operator, to supply its proprietary POS-GRIP® High Pressure/High Temperature ('HP/HT') and standard pressure POS-GRIP wellhead and mudline suspension equipment to its exploration platforms in the Norwegian North Sea. The two-year contract, which also has a further two-year option, will be for a series of exploration wells and has an initial value of approximately £1.5 million, generating revenue from the fourth quarter of 2009. \n\nAs this contract with Talisman demonstrates, Plexus' technology continues to gain industry recognition, particularly for HP/HT oil and gas environments where particular technical challenges exist and for which POS-GRIP is able to deliver unique advantages and solutions.\n\nPlexus CEO Ben van Bilderbeek said: 'As the fourth such contract signed during 2009, this agreement is a further testament to the innovation and quality of our proprietary POS-GRIP technology. Talisman joins our ever-growing blue-chip client list, reinforcing our position as a leading oil and gas engineering services business internationally.'\n\n* * ENDS * *\n\nFor further information please visit www.posgrip.com or contact: \n \n\n\n\n\nBen van Bilderbeek\n\n\nPlexus Holdings PLC \n\n\nTel: 020 7589 8555\n\n\n\n\nGraham Stevens\n\n\nPlexus Holdings PLC\n\n\nTel: 020 7589 8555\n\n\n\n\nAlex Dewar\n\n\nBrewin Dolphin\n\n\nTel: 0845 213 2076\n\n\n\n\nFelicity Edwards\n\n\nSt Brides Media & Finance Ltd\n\n\nTel: 020 7236 1177\n\n\n\n\nIsabel Crossley\n\n\nSt Brides Media & Finance Ltd\n\n\nTel: 020 7236 1177\n\n\n\n\n\nGlossary \n\nHP/HT - High Pressure/High Temperature \n\nTRT-S mudline suspens...