Plexus Holdings PLC is an AIM listed oil and gas engineering services business which supplies wellhead and mudline suspension equipment for exploration and
production applications...
More to come later.
RNS out today: GBP1.5 Million New Two Year Talisman Energy Contract - http://www.stockopedia.com/news/announcement/POS/090714pos000273.htm
- Plexus awarded a contract with Talisman Energy Inc. (TSX:TLM;NYSE:TLM) ('Talisman'), an independent upstream oil and gas operator,to supply its proprietary POS-GRIP High Pressure/High Temperature ('HP/HT') and standard pressure POS-GRIP wellhead and mudline suspension equipment to its exploration platforms in the Norwegian North Sea.
- The two-year contract, which also has a further two-year option, will be for a series of exploration wells and has an initial value of approximately GBP1.5 million, generating revenue from the fourth quarter of 2009.
- "As this contract with Talisman demonstrates, Plexus' technology continues to gain industry recognition, particularly for HP/HT oil and gas environments where particular technical challenges exist and for which POS-GRIP is able to deliver unique advantages and solutions".
- Plexus CEO Ben van Bilderbeek said: "As the fourth such contract signed during 2009, this agreement is a further testament to the innovation and quality of our proprietary POS-GRIP technology. Talisman joins our ever-growing blue-chip client list, reinforcing our position as a leading oil and gas engineering services business internationally."
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