Plexus notes Maersk contract for long term wellhead rental
Source - SMW
Plexus Holdings has entered into a new four-year contract with Maersk Oil North Sea UK Ltd, for the provision of wellhead, mudline suspension systems and associated services.
The initial purchase order (PO) was to prepare and provide POS-GRIP HPHT Surface Wellhead systems and Tersus mudline suspension equipment on a stand-by basis ready to mobilise in the event of a relief wells needing to be drilled during the development of Maersk Culzean platforms.
Revenues were expected to commence during the next Plexus financial year.
The contract further provided for the supply of additional exploration wellhead equipment for future appraisal wells in the Culzean area during the contract term, and provides for a one year extension.