Business
New Contract Win - Apache Ene
New Contract Win - Apache Ene.
About this update from Plexus Holdings
[{"type":"text","content":"\n RNS Number : 1255V Plexus Holdings Plc 28 October 2010 \n \n\nPlexus Holdings PLC / Index: AIM / Epic: POS / Sector: Oil equipment & services\n28 October 2010\nPlexus Holdings PLC ('Plexus' or 'the Company')\nExpanding Geographic Reach and New Contract Win - Apache Energy Australia\n \nPlexus Holdings PLC, the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP® method of wellhead engineering, has expanded its geographic reach to Australasia with Apache Energy Australia ('Apache'), a subsidiary of Apache Energy Limited, a world-wide oil and gas exploration and production company. The contract for the supply of Plexus' POS-GRIP® wellhead systems, casing support and services, is expected to commence operations offshore mid November 2010.\n \nThe new contract win will see Apache utilisePlexus' 15,000 psi high pressure and high temperature ('HP/HT') POS-GRIP wellhead technology and mudline casing support equipment for oil and gas exploration offshore NW Australia. Australia is a new territory for the Company, and a market in which Plexus hopes to build a reputation for supplying wellhead equipment with increased safety and technical benefits including higher pressure performance. Additionally the agreement marks a new working relationship between the two companies.\n \nPlexus CEO Ben van Bilderbeek said: \"This is an exciting time for Plexus as we continue to expand our geographic footprint, win new customers, and build our position as the wellhead equipment supplier of choice, particularly in the field of HP/HT oil and gas exploration. With recent events highlighting the need for safer and improved operating practices within the oil and gas industry, I believe there is an increased opportunity for us to raise awareness of our innovative POS-GRIP friction-grip technology, as a 'new' and superior method of wellhead engineering. We look forward to working with Apache, a highly regarded oil and gas company, with the aim of expanding our new presence in the region as well as becoming an established supplier to the company 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\n...