News

January 06, 2009

Plexus Kicks Off The New Year With £0.8 Million Contract For Shell Brunei

The year got off to a flying start for oil and gas services and equipment specialist Plexus when the company unveiled a new £800,000 contract for Brunei Shell Petroleum. The deal extends a previous two-year agreement with the Shell company.

Bucking the trend of doom and gloom, the London AIM-listed group will now supply services and support to Brunei including its proprietary POS-GRIP wellheads and TRT-S mudline suspension equipment, to be used for the drilling of new wells.

The new contract will commence in the second half of the financial year with the supply of wellheads on two wells and could run for four years.

Though the company’s share price has been subdued following the collapse of the financial...