TIDMPOS 
 
RNS Number : 0996E 
Plexus Holdings Plc 
15 December 2009 
 

Plexus Holdings PLC / Index: AIM / Epic: POS / Sector: Oil equipment & services 
15 December 2009 
Plexus Holdings PLC ('Plexus' or 'the Company') 
GBP3 Million Contract with Maersk Oil North Sea UK Limited 
 
 
Plexus Holdings PLC, the AIM quoted oil and gas engineering services business 
and owner of the proprietary POS-GRIP  method of wellhead engineering, has been 
awarded a three year contract with a further two year option clause with Maersk 
Oil North Sea UK Limited ('Maersk Oil') to supply its High Pressure/ High 
Temperature ('HP/HT') POS-GRIP  wellhead technology, casing support and mudline 
suspension services for exploration programmes in the North Sea. The value of 
the initial contract is estimated at GBP3 million with revenues commencing in 
May 2010, but this could increase if Maersk Oil takes up its option to increase 
the contract should further exploration work be required. 
 
 
Maersk Oil will explore a minimum of two wells in the UK's central North Sea, 
using the Company's POS-GRIP, HP/HT 18.75 inch single stack wellhead on a rig 
equipped with an 18-3/4" 15M blow out preventer ('BOP'). This agreement marks a 
continuing working relationship and bolsters the Company as a significant 
wellhead service player in the North Sea market, known for its superior wellhead 
technology, where the safety, performance, and cost benefits of POS-GRIP are 
being increasingly recognised. 
 
 
Plexus CEO Ben van Bilderbeek said, "We are delighted to have captured yet 
another significant contract in the North Sea market. Maersk Oil first became a 
customer in 2006 and we hope to further strengthen this partnership over the 
duration of this contract to become Maersk Oil's wellhead supplier of choice in 
the North Sea." 
 
 
* * ENDS * * 
 
 
For further information please visit www.posgrip.com or contact: 
+-------------------+-----------------------------+------------------------+ 
| Ben van           | Plexus Holdings PLC         | Tel: 020 7589 8555     | 
| Bilderbeek        |                             |                        | 
+-------------------+-----------------------------+------------------------+ 
| Graham Stevens    | Plexus Holdings PLC         | Tel: 020 7795 6890     | 
+-------------------+-----------------------------+------------------------+ 
| Alex Dewar        | Brewin Dolphin              | Tel: 0845 213 2076     | 
+-------------------+-----------------------------+------------------------+ 
| Felicity Edwards  | St Brides Media & Finance   | Tel: 020 7236 1177     | 
|                   | Ltd                         |                        | 
+-------------------+-----------------------------+------------------------+ 
| Isabel Crossley   | St Brides Media & Finance   | Tel: 020 7236 1177     | 
|                   | Ltd                         |                        | 
+-------------------+-----------------------------+------------------------+ 
 
 
Notes to Editors: 
 
 
Plexus, which began trading on AIM in December 2005, is an established oil and 
gas engineering and services business which supplies wellhead and mudline 
suspension equipment for exploration and production applications based in 
Aberdeen, with an office in London, Cairo, Kuala Lumpur and a presence in 
Houston, Texas. It has developed and patented a method of engineering for oil 
and gas field wellheads and connectors, POS-GRIP, which involves deforming one 
tubular member against another to effect gripping and sealing. 
 
 
POS-GRIP wellhead systems have to date been used or selected to be used in over 
140 oil and gas wells by international companies including BHP Billiton, BG 
International, BP, Brunei Shell Petroleum, Centrica, ConocoPhillips, Dubai 
Petroleum, GDF SUEZ, Global Santa Fe, Maersk, Petro-Canada Trinidad & Tobago, 
Red Sea Petroleum Operating Company, Repsol, RWE, Shell Egypt, StatoilHydro, 
Silverstone Energy, Talisman Energy, Tullow Oil, and Wintershall. 
 
 
The Company plans to accelerate the roll out of POS-GRIP technology as a 
superior alternative to current wellhead technology.  It has particular 
advantages in HP/HT (High Pressure/High Temperature) and X-HP-HT (Extreme High 
Pressure/High Temperature) oil and gas environments for which there is 
increasing demand throughout the world. The Company's long-term goal is to 
develop POS-GRIP technology as the future industry standard for wellhead design. 
This objective includes the distribution of POS-GRIP technology through 
licensees to maximise market penetration. 
 
 
 
 
 
 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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