RCS - Plexus Holdings Plc - Plexus Shortlisted in the OWI Global Awards 2022

Plexus HoldingsAnnouncement

20/09/2022 13:45

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RNS Number : 0184A  Plexus Holdings Plc  20 September 2022

 

Plexus Holdings PLC / Index: AIM / Epic: POS / Sector: Oil equipment &
services

 

 

20 September 2022

 

 

 

 

Plexus Holdings PLC

 ('Plexus' or 'the Company')

 

 Plexus Shortlisted in the OWI Global Awards 2022

 

Shortlisted in the 'Environmental Sustainability Innovation'

and 'Significant Contribution to the Industry' Categories

 

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, known for its safety, time, and cost-saving capabilities, is
pleased to announce that it has been shortlisted in the 'Environmental
Sustainability Innovation' and 'Significant Contribution to the Industry'
categories of the Offshore Network's OWI Global Awards 2022 ('OWI Awards' or
'the Awards').

 

Commenting on the nominations, Plexus' CEO Ben Van Bilderbeek said:

 

"We are absolutely delighted to be included in these two categories and thank
the OWI for the nominations. Our proprietary wellhead technology has been
supporting the oil and gas industry for many years, particularly with regards
to our "through the BOP" and leak-proof "HG"® metal to metal sealing
technology, which can help reduce methane gas emissions, over the lifetime of
a well, thereby  helping operators meet their ESG goals.

"Safe operating practices have always been at the forefront of our technology,
which delivers a cost-effective, science-based, preventative leak-free
solution that can be verified, monitored, and reported at the well site.  I
believe that adoption of technology like POS-GRIP is pivotal to the oil and
gas industry, if it is to meet its NetZero commitments and combat climate
change. We wish all award nominees luck and look forward to the results."

 

The Awards recognise the best in well intervention excellence and include
Schlumberger, Weatherford and Expro among the listed nominees. The eight
categories are:

 

·    Digital Transformation Leader

·    Champion Integrated Well Service Company

·    Best Example of Collaboration

·    Best Project Outcome

·    Environmental Sustainability Innovation

·    Most Innovative Solution

·    Plug and Abandonment Excellence

·    Significant Contribution to the Industry

 

The Awards will be broadcasted globally and will take place in Aberdeen on the
25(th) November 2022. For more information on the Awards please visit:
https://offsnet.com/owi-awards (https://offsnet.com/owi-awards)

 

**ENDS**

 

For further information please visit www.plexusplc.com
(http://www.plexusplc.com) or contact:

 

 Plexus Holdings PLC       Tel: 020 7795 6890

 Ben van Bilderbeek, CEO

 Graham Stevens, CFO

 Cenkos Securities PLC     Tel: 0131 220 6939

 Derrick Lee

 Pete Lynch

 St Brides Partners Ltd    plexus@stbridespartners.co.uk

 Isabel de Salis

 Ana Ribeiro

 Max Bennett

 

Notes to Editors

 

Plexus Holdings plc (AIM: POS)

Plexus is an IP led company focussed on establishing its patented leak-proof
POS-GRIP® wellhead and associated equipment as the go-to technology for
energy markets whilst making a genuine contribution to the oil and gas
industry's ESG and NetZero goals by championing "through the BOP" (Blow-out
Preventer) designs, and lifetime leak-proof HG® metal-to-metal sealing
systems.  Having protected the environment for many years through these
technological innovations, the Company was awarded the London Stock Exchange's
Green Economy Mark in July 2021 and continues to place emphasis on its ability
to reduce harmful methane emissions and unnecessary maintenance and
intervention costs.

 

Headquartered in Aberdeen, the Company has provided leak-free wellhead
performance in over 400 wells worldwide and worked with an array of blue-chip
oil and gas company clients.  As well as generating direct revenues from
securing orders for surface production wellheads particularly in the UK and
European North Sea regions, the Company has several licencing/collaboration
agreements with major partners including FMC Technologies, which is a
subsidiary of TechnipFMC and Cameron, a Schlumberger Group company. Cameron
has a non-exclusive licence to use the POS-GRIP and HG® metal-to-metal seal
method of wellhead engineering for the development of conventional and
unconventional oil and gas surface wellheads, and Plexus entered into a
Cooperation Agreement, which enabled Plexus to return to the Jack-up
Exploration (Adjustable) Wellhead rental business for 'through the BOP'
jack-up applications, where Cameron will help to provide Plexus with sales
leads and market insight through a formal Sales Advisory Board.

 

Plexus' current suite of products and applications include: "HG" wellheads,
which combine POS-GRIP technology with gas tight leak free metal-to-metal
sealing; the Python® subsea wellhead, developed in a Joint Industry Project
with several industry leaders; the POS-SET™ Connector for the
de-commissioning and abandonment market; and Tersus-PCT, an innovative HP/HT
tie back connector product. Having proved the superior uniquely enabling
qualities of POS-GRIP Technology, Plexus is now also focused on establishing
its technology and equipment in other markets such as Plug and Abandonment
de-commissioning, carbon capture, gas storage, hydrogen and geothermal where
it can play an important role in reducing harmful methane emission risks as
operators strive to deliver on ESG commitments and NetZero goals in a safe and
cost-effective way.

 

For more information visit: https://www.plexusplc.com/
(https://www.plexusplc.com/)

 

 

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