Plexus Holdings has received purchase orders from Brunei Shell Petroleum Sdn Bhd ('BSP') to supply both High Pressure/High Temperature ('HP/HT') and standard pressured wellhead systems and services for three additional exploration wells under an existing four year contract, which runs to 2016. The total value of the purchase orders is estimated at £1.5 million with revenues expected to commence in April 2015.

Under the terms of the Supply Agreement, which was announced on 1 October 2012, Plexus has agreed to supply both HP/HT and standard pressured wellhead and mudline systems and services, using the Company's proprietary POS-GRIP technology, for a multi-well exploration programme in Brunei. The Company has a long standing relationship with BSP having first supplied it with Plexus' wellhead equipment in 2006.

Tags: Plexus Holdings PLC