Plexus PLC (POS.LN), a provider of wellheads to the oil industry said Tuesday it has been awarded a GBP3.3 million contract by a consortium led by Centrica Energi Norway for wellheads and mudline suspension systems for exploration activities offshore Norway.

Revenue is expected to start in June and is estimated to extend over a 12 to 18 month period, the company said.

Plexus will supply Centrica with both its high pressure, high temperature 15,000 per square inch and standard 10,000 psi wellheads for five exploration wells in the Norwegian North Sea with the option for Centrica to add a further three wells to the contact for around GBP2 million.

In addition to Centrica (CNA.LN), the consortium includes Norwegian focused Det norske oljeselskap ASA (AKEXF) and Faroe Petroleum PLC (FPM.LN).

Shares closed Monday at 60 pence.

-By Iain Packham, Dow Jones Newswires; 44-20-7842-9269; iain.packham@dowjones.com
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