LONDON – Plexus Holdings is set to provide its POS-GRIP 10,000-psi (689-bar) wellhead equipment and M2S mudline suspension system to Dana Petroleum.
Under an agreement with well services group, Senergy, the equipment will be used initially for one well on the Possum prospect in the UK North Sea. The contract, valued at £0.25 million ($406,000), starts in December, and may be expanded.
Plexus believes it won the contract due to the ease with which its M2S system, which uses the POS-GRIP end fittings at the sea floor, can convert from a mudline suspension system to subsea production from a jackup rig if the exploration well is successful.
This means that a surface wellhead, surface BOP and casing riser are employed, eliminating the need for a high-pressure drilling riser or a subsea BOP, with attendant time and cost savings.