LONDON (Alliance News) - Plexus Holdings PLC Tuesday said it has received an additional purchase order from Centrica PLC estimated at the value of roughly GBP900,000.
The oil and gas engineering group said the deal is to supply surface wellhead and mudline equipment services for a gas appraisal well in the southern North Sea and is expected to start in April.
Plexus said that under the terms of the deal, which is expected to take 100 days, Plexus will supply its 18-3/4 inch adjustable surface wellhead and services for use at the site.
The company has a long standing relationship with Centrica and said it was selected because its wellhead provides a metal-to-metal annular seal, a key requirement for Centrica.
"Today's latest order from Centrica brings the total number of orders we have announced with leading blue chip operators, including GDF Suez, Maersk and Wintershall, so far in 2014 to five," Plexus Chief Executive Ben Van Bilderbeek said in a statement.
Plexus Holdings shares were down 1.0% to 262.40 pence Tuesday.
By Tom McIvor; tommcivor@alliancenews.com; @TomMcIvor1
Copyright © 2014 Alliance News Limited. All Rights Reserved.
Centrica (CNA)
Plexus (POS)
