LONDON--Plexus Holdings PLC (POS.LN), an AIM-quoted oil and gas engineering services business said Wednesday that it has been awarded a contract with BG International Egypt, for the supply of its POS-GRIP wellhead technology and services for oil drilling activities offshore Egypt.

The contract is worth up to 350,000 pounds with revenue expected to commence in the second quarter of Plexus' 2014 financial year.

Plexus shares closed Tuesday at 252.0 pence, valuing the company at GBP208.3 million.

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

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