Share Name Share Symbol Market Type Share ISIN Share Description
Plexus Holdings LSE:POS London Ordinary Share GB00B0MDF233 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 57.00p 56.00p 58.00p - - - 489,400 12:44:54
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil Equipment Services & Distribution 4.7 -7.0 -5.4 - 60.07

Plexus Wins Production Well Order From Centrica

25/09/2017 8:05am

Dow Jones News


Plexus (LSE:POS)
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By Maryam Cockar

 

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.

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

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

Copyright (c) 2017 Dow Jones & Company, Inc.

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