Wellhead engineering company Plexus Holdings PLC received a contract to supply its POS-GRIP Tersus mudline equipment and an adjustable rental wellhead to Masirah Oil Ltd. for exploration offshore Oman, Plexus said Jan. 20. Masirah is the Oman branch of REX International Holdings Ltd.
The Masirah contract is worth about US$0.6 million, and work, initially for one well, is scheduled to begin in February. If the first well is successful, two more could be drilled.
The contract is in the scope of Jereh Oilfield Services Group, the Chinese licensing partner, Plexus added.
Ben Van Bilderbeek, CEO, said the safety and time savings of POS-GRIP were evaluated against traditional slip and seal systems.
To date, POS-GRIP wellhead systems have been used in or selected for more than 350 oil and gas wells by international companies.
Plexus Holdings PLC is based in Aberdeen, Scotland.
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