Aker BP orders wellhead equipment from Plexus
- Business & Finance
Plexus Holdings, an oil and gas engineering services business and owner of the POS-GRIP friction-grip method of wellhead engineering, has received an initial purchase order from Aker BP.
Plexus said on Friday that the purchase order is for the supply of surface exploration wellhead equipment for the Hyrokkin and Nordfjellet standard pressure exploration wells, offshore Norway.
The initial value of of the contract is estimated at circa £0.7 million ($0.91 million) with revenues expected to start in the next financial year in July 2017. There is the potential for the contract to be extended to include additional wells in the future, the company said.
For this and any subsequent wells that are to be drilled in this latest exploration project, Plexus stated it has developed a new connector called POS-SPEED which, according to the company, delivers additional time savings for the operator.
Plexus explained that this initiative further builds upon time savings and cost efficiencies delivered by the company’s 18-3/4″ POS-GRIP through BOP surface wellhead. Each of the wells are expected to take around 30 days to drill.
Plexus’ CEO Ben Van Bilderbeek said, “Over the years, we have enjoyed a long-standing relationship with Det norske, having been awarded a total of nine purchase orders from the leading Norwegian operator since 2012. We are therefore delighted to have won this latest contract from the new entity Aker BP.”