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POS Plexus Holdings Plc

12.75
0.00 (0.00%)
Last Updated: 07:42:09
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Plexus Holdings Plc 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
  0.00 0.00% 12.75 12.00 13.50 12.75 12.75 12.75 0.00 07:42:09
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Oil & Gas Field Machy, Equip 1.49M -4.02M -0.0381 -3.35 13.44M

Plexus Holdings: BG Becomes Sixth Joint Industry Project Partner

01/09/2014 8:41am

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Plexus (LSE:POS)
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LONDON--Plexus Holdings PLC (POS.LN) said Monday that BG International Ltd., has signed up as the sixth major oil and gas consulting partner to Plexus' on-going Joint Industry Project.

Plexus is an AIM-quoted oil and gas engineering services business and owner of the proprietary POS-GRIP method of wellhead engineering,

The Joint Industry Project's or JIP objective is to develop and commercialize a new and safer subsea wellhead HGSS, utilizing Plexus' patented POS-GRIP friction-grip technology to address key technical issues and challenges highlighted by regulators following the Gulf of Mexico incident in April 2010.

The JIP members now include BG, Total E&P Recherche Development SAS, Maersk Oil North Sea U.K. Ltd, Shell International Exploration and Production B.V., Wintershall Noordzee B.V., Tullow Oil, Eni S.p.A, Oil States Industries Inc., Senergy Holdings Ltd, and the U.K. entity of the world's largest offshore drilling company.

-Write to Razak Musah Baba at razak.baba@wsj.com; Twitter: @Raztweet

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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