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Epic POS
Time: 07:51:46
Mid Price: 40.50
Change Today: 0.00
Change % Today: 0.00
Fifty Two Week High: 77.00
Fifty Two Week Low: 24.00
Market Capital: 32.47
Period & price data
Period Price
Now: 40.50
3 Months ago:
6 Months ago:
1 Year ago:
Additional information
Additional Information
Market: AIM
Sector: Energy
Epic: POS
News: Latest news
Web Site: Plexus Holdings
Other Articles: 05-01-200908-03-200716-01-2007

Crude Oil

Plexus Holdings

The Plexus Group is an established oil and gas engineering, and service business based in Aberdeen, with an office in London and a presence in Houston, Texas.

The Plexus Group has developed and patented a method of engineering for oil and gas field wellheads and connectors, named POS GRIP™, which involves deforming one tubular member against another to effect gripping and sealing.

Monday, January 05, 2009

Plexus Holdings wins 4 yr deal extension from Brunei Shell Petroleum

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AIM listed oil and gas engineering services group Plexus Holdings PLC said it has entered into a new four-year contract with Brunei Shell Petroleum Sdn Bhd (BSP) for the supply of its proprietary POS-GRIP wellheads and TRT-S mudline suspension equipment and related services, with an initial value of approximately £800,000.

The deal is an extension of a previous two-year contract with BSP.  It commences in the second half of the financial year with the supply of wellheads for two wells, one of which is high pressure/high temperature (HP/HT).
 
This agreement demonstrates an ongoing and developing supply relationship with a major operator in South East Asia, which can now be supported by its full time sales and operational presence in Malaysia, Plexus said.

The contract will help Plexus to further establish its reputation in the region, and follows on from a recent contract win with Shell Egypt.

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