Plexus Holdings PLC, the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP® friction-grip method of wellhead engineering, said on Monday that it has received Purchase Orders worth £1.15 million from Talisman Energy Inc. (TSX:TLM;NYSE:TLM) (‘Talisman’).
Plexus CEO Ben van Bilderbeek said: “We continue to receive multiple orders for our proprietary equipment from both existing as well as new customers, especially in the Norwegian exploration market.”
This he added highlights the “level of current activity in the oil and gas sector” and the “growing awareness among leading operators of the best in class qualities of our POS-GRIP wellhead and mudline suspension equipment combined with our other initiatives, including our collaboration with heavyweight participants in the sector to develop a safer subsea wellhead, utilising Plexus’ patented POS-GRIP technology”.
Plexus will supply the independent upstream oil and gas operator its proprietary POS-GRIP High Pressure/High Temperature (‘HP/HT’) and standard pressure POS-GRIP wellhead and mudline suspension equipment for two wells in the Norwegian North Sea and revenue from this order is expected to commence immediately Plexus said.
The new purchase orders Plexus stated further, form part of an existing contract with Talisman which was announced on 14th July 2009.
The first purchase order is for the supply of the Company’s standard 10,000 psi equipment for the Isbjørn well and which drilling is due to commence shortly.
The second purchase order is for the supply of the Company’s POS-GRIP® 18-3/4” 15,000 psi HP/HT wellhead equipment for the Frode well where drilling is due to start in April 2013.
Talisman also holds a prospect award offshore Sulima in Sierra Leone. It’s planned drilling of 44 KM off-shore deep water well in Block 4B in the Pujehun and Bonthe districts is on track, and will commence in the coming days. The Calgary based company contracted Stena Drillings wholly owned subsidiary of Stena AB, Gothenburg, one of the world’s independent drilling contractor based in Sweden.
The contractor will deploy the Stena Drill max an ultra modern drill ship designed to drill in up to 10,000ft of water, under zero discharge. The Stena drill ship which sailed from Ghana late last week is now in Sierra Leone waters.
The Stena crew will be joined by Seaweld Sierra Leone Limited trained sea aides. Seaweld recently sent 18 Sierra Leoneans for an intensive five days training at the Regional Maritime University an affiliate of World Maritime University based in Malmo Sweden.
The trainees followed a course leading to certificate in Basic Offshore Safety Induction Emergency Training BOSIET.
Talisman on September 10th 2012 announced the departure of its President and Chief Executive Officer John A. Manzoni. John Manzoni’s replacement was found in Hal Kvisle, former President and Chief Executive Officer of TransCanada.
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