Business
GBP 800,000 Contract Win with Centrica Energy
GBP 800,000 Contract Win with Centrica Energy.
About this update from Plexus Holdings
[{"type":"text","content":"\n \nRNS Number : 6688N Plexus Holdings Plc 06 September 2011 \n \n\nPlexus Holdings PLC / Index: AIM / Epic: POS / Sector: Oil equipment & services\n6 September 2011\nPlexus Holdings PLC ('Plexus' or 'the Company')\n£800,000 Contract Win with Centrica Energy\n \nPlexus Holdings PLC, the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP® friction-grip method of wellhead engineering, has won a contract to supply Centrica Energy ('Centrica'), a leading UK oil and gas company, to supply wellhead equipment, mudline casing support system and services for oil and gas exploration activities in the Central and Northern North Sea. The contract is worth approximately £800,000 and revenues are expected to commence Q1 2012.\n \nThis is Plexus' second contract win with Centrica in the UK North Sea, and the company will utilise for the appraisal well Plexus' 15,000 psi POS-GRIP HP/HT 18.75 inch single stack surface wellhead.\n \nPlexus' CEO Ben Van Bilderbeek said, \"Plexus has built a strong presence in the North Sea oil and gas markets with an increasing number of leading international companies in the sector. Centrica is a highly valued customer and we are delighted that the company continues to appreciate the technical performance and cost saving benefits of our POS-GRIP technology and look forward to continuing to work with its team over the coming years.\"\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 7795 6890\n\n\n\n\nGraham Stevens\n\n\nPlexus Holdings PLC\n\n\nTel: 020 7795 6890\n\n\n\n\nJon Fitzpatrick\n\n\nCenkos Securities PLC\n\n\nTel: 020 7397 8900\n\n\n\n\nKen Fleming\n\n\nCenkos Securities PLC\n\n\nTel: 0131 220 6939\n\n\n\n\nFelicity Edwards\n\n\nSt Brides Media & Finance Ltd\n\n\nTel: 020 7236 1177\n\n\n\n\n \nNotes to Editors:\n \nPlexus Holdings PLC, which began trading on AIM in December 2005, is an oil and gas engineering and services business, which supplies wellhead and mudline suspension equipment for exploration and production applications. Based in Aberdeen, with offices in London, Cairo, Kuala Lumpur and a presence in Houston, Texas, it has developed and patented a friction-grip m...