Plexus Wins Production Well Order From Centrica

By Maryam Cockar Features Dow Jones Newswires

Plexus Holdings PLC (POS.LN) said Monday it has won a contract from utility company Centrica PLC (CNA.LN) to supply the production wellhead for a gas-production facility in the southern North Sea.

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The oil-and-gas engineering services company said the contract is the first it has signed with FTSE-100 listed Centrica for a production well, having previously supplied it with equipment for exploration wells.

Plexus will supply Centrica with a wellhead and a casing support system. It didn't give a value for the contract.

The company added that the contract is in line with its strategy to extend the application of its POS-GRIP friction-grip method technology--used on over 300 wells--beyond exploration.

Write to Maryam Cockar at maryam.cockar@dowjones.com

(END) Dow Jones Newswires

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September 25, 2017 02:50 ET (06:50 GMT)