LONDON (ShareCast) - Shares in Plexus Holdings (LSE: POS.L - news) were in demand after the oil and gas engineering services group said (Advertisement)
it has won a £130,000 deal to supply its wellhead systems and mudline suspension to SPD.
The contract will start generating revenues from October, Plexus (NASDAQ: PLXS - news) said.
"We are delighted to be working with an experienced well engineering project management company such as SPD," said chief executive Ben van Bilderbeek.
"We believe that SPD with its expertise in HP/HT and deepwater drilling and its many contacts in the oil and gas arena delivers synergies between our two companies. This will be advantageous going forward, particularly at a time when activity by smaller independent operators in the North Sea is increasing," he added.
it has won a £130,000 deal to supply its wellhead systems and mudline suspension to SPD.
The contract will start generating revenues from October, Plexus (NASDAQ: PLXS - news) said.
"We are delighted to be working with an experienced well engineering project management company such as SPD," said chief executive Ben van Bilderbeek.
"We believe that SPD with its expertise in HP/HT and deepwater drilling and its many contacts in the oil and gas arena delivers synergies between our two companies. This will be advantageous going forward, particularly at a time when activity by smaller independent operators in the North Sea is increasing," he added.