Plexus scores Central North Sea deal with Nexen

  • Business & Finance

Oil and gas services firm Plexus Holdings has been awarded a well order from a new customer, Nexen Petroleum U.K., for the Glengorm exploration well in the Central North Sea.

Plexus said on Thursday that the deal with Nexen, a wholly-owned subsidiary of China’s producer of offshore crude o&g CNOOC, is for the provision of its POS-GRIP wellhead and Tersus mudline equipment.

As part of the contract order, Nexen selected Plexus’ High Pressure/High Temperature (HPHT) 18-3/4″ 15M MK2 Single Stack Wellhead System and combined Tersus-TRT mudline support and Tersus-CS casing support systems.

Based on the company‚Äôs estimates, this contract is expected to fall into Plexus’ next financial year beginning on July 1, 2017.

Ben van Bilderbeek, Plexus CEO, said: “I am very pleased to be able to add Nexen to our blue-chip roster of customers, which includes majors such as Centrica, BG, ConocoPhillips, Eni, Royal Dutch Shell, and Total.

“It is particularly pleasing to have won today’s order from this high caliber operator which is one of the largest producers in the UK North Sea and continues to actively explore in the region.

“While this financial year continues to remain challenging, this contract for a Central North Sea well, together with the follow-on order we recently announced for an exploration well offshore Oman, and the increase in inquiries we are beginning to see from operators, provides us with some encouragement for the next financial year and beyond.”

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