UK’s Plexus Receives Two API Monogram Licences

Plexus Holdings PLC, the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP® friction-grip method of wellhead engineering, announces that following an extensive audit and assessment, the American Petroleum Institute (‘API’), the leading standards writer and assessor covering the global oil and gas industry, has awarded the Company’s Aberdeen facility two licences in relation to the API Monogram Programme.

As a result, all equipment designed and manufactured in accordance with the relevant licences by Plexus can now be stamped with an API Monogram, signifying compliance with the relevant API standard.

API is the largest U.S trade association serving the oil and gas industry and represents approximately 400 companies operating in all areas of the industry from exploration and production to refinement and distribution. API performs a leading role in the on-going enhancement of standards for petroleum and petrochemical equipment design and manufacture. API maintains more than 500 standards and recommended practices, many of which have been incorporated into government regulations.

Designed for manufacturers of production, drilling, and refinery equipment, the API Monogram programme verifies that manufacturers are producing equipment in compliance with industry standards. To obtain and retain an API Monogram Licence, a company must have a documented and functioning quality management system in place that meets both the requirements of the API Quality Programme and the applicable API Product Specifications. Issuance of the licence is dependent upon the successful evaluation of the relevant company’s manual and satisfactorily passing an on-site audit of facilities and processes. Following accreditation, Plexus has been deemed to comply with these high standards. The licences granted relate to API-6A (Specification for Wellhead and Christmas Tree Equipment) and API-17D (Specification for Subsea Wellhead and Christmas Tree Equipment).

Ben van Bilderbeek, CEO of Plexus said, “The award of two API Monogram licences and Plexus’ inclusion as a vendor on the API Composite List is an important milestone for our Company. The expanding market for Plexus products has reached the point where API accreditation can be important to those operators who rely on the API standards. I am pleased that this licencing process was completed quickly and efficiently by our team in Aberdeen. API Accreditation serves the real purpose of enabling Plexus to participate in tenders for which the API standards are a prerequisite. This will prove particularly relevant in those parts of the world where operators are bound to procure API monogrammed equipment. I am confident that the growing traction Plexus is achieving for its wellhead products will be enhanced by the granting of these licenses.”

[mappress]
Source: Plexus Holdings PLC, April 3, 2012