Plexus Secures First Russian Order

Plexus has received first purchase order for its Tersus – TRT mudline suspension system (MLS) from Gusar, the company’s partner in Russia. 

The purchase order falls under the exclusive licence agreement Plexus signed in January 2016 with Gusar and Konar, two independent Russian oil and gas equipment manufacturers.

The purchase order is for a full MLS system, including hangers, running tools and TA Cap. During jack-up drilling operations, mudline suspension equipment transfers the weight of each casing string to the conductor and the seabed, and provides a means to reconnect to the well for future production.

Plexus’ CEO Ben Van Bilderbeek said, “This order demonstrates Gusar’s ongoing commitment to first supply our best in class wellhead equipment to the huge Russian and CIS markets, and then to manufacture it themselves under licence. We regard Gusar as a long-term partner and believe this initial order will help to raise the awareness of Plexus designed equipment within the Gusar licenced territories, and subsequently lead to further business in what is one of the largest hydrocarbon producing regions in the world.“