News

July 21, 2009

Order Book Fills Up As Plexus Holdings Wins Another HP/HT Contract In Egypt

AIM-quoted Plexus Holdings has had a pretty good summer to date, racking up a string of contract wins that provide further demonstration that its proprietary wellhead technology is winning favour among international operators. On Monday the company announced another major deal, this time a contract worth £600,000 to supply its POS-GRIP wellhead system to GDF Suez Egypt.

This is the company’s third customer in the gas-rich waters of Egypt’s Niger Delta.  In May it was awarded a £1.6 million contract extension with BP Egypt and it already works with Shell Egypt.  And the following month it won a contract on the other side of Egypt, in a programme of work that could be worth up to £2.4 million supporting RSPOC undertake exploration in the Red Sea, consolidating its position in the North African country.

This week’s GDF Suez contract, which...