Plexus Holdings PLC (AIM:POS) CEO Ben van Bilderbeek joined Proactive's Stephen Gunnion with details of a new replacement tubing hanger neck seal product, aimed at enhancing the maintenance capabilities of surface wellhead systems to a higher leak-proof standard.
This technology, developed for a specific customer through a sponsored R&D project faced leakage issues between the xmas tree and the wellhead, allows for upgrading wellhead and tubing hanger standards to reduce future maintenance and leak-related needs.
Utilizing Plexus' proprietary HG Seal technology, which is based on the proven scientific principles of Hertzian Stress Theory, the neck seal provides a permanent solution to seal leaks and is designed to be adaptable for both Plexus' products and those of conventional wellhead competitors. The innovation seeks to extend the operational field-life of wellheads by ensuring a stable sealing environment that prevents leakage without the need for disassembly and potential shut-ins.
Van Bilderbeek highlighted the company's strategy to market this technology both organically and potentially in the future by way of licensing to other wellhead companies, aiming to address the widespread need for maintenance upgrades in the oil and gas industry, particularly for gas surface applications where conventional injected sealants are less effective and are known to fail over time.