Plexus to supply POS-GRIP wellhead systems

Plexus Holdings has reached an agreement with Sterling Resources to supply POS-GRIP wellhead systems and mudline suspension systems for a seven-well 10,000 psi, exploration drilling program in the North Sea and Romanian Black Sea.

Offshore staff

HOUSTON -- Plexus Holdings has reached an agreement with Sterling Resources to supply POS-GRIP wellhead systems and mudline suspension systems for a seven-well 10,000 psi, exploration drilling program in the North Sea and Romanian Black Sea. The contract is estimated at $1.6 million.

Plexus will provide Sterling Resources with its proprietary POS-GRIP rental wellhead equipment, mudline suspension equipment, and associated services. Additionally, the company will supply for the first well, the drilling components of its M2S (Mudline to Subsea) cross-over system.

04/14/2008

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