Plexus Holdings PLC (POS.LN), an AIM listed oil and gas engineering services business, said Tuesday that it has entered into a contract extension with BP Egypt to supply its proprietary POS-GRIP 15,000 psi High Pressure/High Temperature (HP/HT) wellhead systems, together with service and support for gas exploration in the Nile Delta concession.

MAIN FACTS:

-The value of the contract is estimated at GBP1.6 million, with revenues anticipated to commence before the company's year end Jun. 30, and continuing into 2010.

-First signed a rental wellhead contract with BP Egypt in 2006, for an exploration drilling programme which expired at the end of 2008.

-By London Bureau, Dow Jones Newswires; +44 (0)20 7842 9296; ian.walker@dowjones.com
Plexus (LSE:POS)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Plexus Charts.
Plexus (LSE:POS)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Plexus Charts.