Plexus Holdings has been awarded a wellhead and services contract worth US$558,000 by BG Group Egypt for offshore oil drilling activities
The oil and gas engineering services company added that the contract win extended its working relationship with BG Group, having previously worked together in Egypt and in the North Sea.
Ben Van Bilderbeek, Plexus Holdings’ CEO, said, "This is a truly exciting time in our company’s development as we continue to win contracts for the supply of our niche POS-GRIP wellhead exploration rental systems for both low and high pressure oil and gas activities, and in turn increase our global reach and reputation.
"In addition, we are making great strides with our joint industry partner project where we are working alongside six major oil and gas companies to develop and commercialise a new subsea wellhead design (HGSS) and safer subsea wellhead, utilising Plexus Holdings’ patented POS-GRIP technology.”
